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Jobs Report on Friday: What to Watch For

[ad_1] “We’ve continued to add jobs routinely every month for so long, and the unemployment rate we have reached is amazing,” said Catherine Barrera, chief economist of the online job site ZipRecruiter. “This is the economy doing well.” But the future has become clouded as President Trump continues to flirt with a trade war. The White House has offered little clarity about whether its newly imposed steel and aluminum tariffs will extend to allies like Mexico, Canada and the European Union, and it seems no closer to smoothing over economic tensions with China. It is unlikely that Friday’s report will illuminate whether those moves will affect blue-collar hiring . Economists said it was too soon to tell how employers may change their staffing or expansion plans in response to the tariffs on Chinese goods, or to Beijing’s retaliation. But there are signs that companies that buy metals are feeling the effects already. The Institute for Supply Management said this week that manufac...

Amazon puts 7,000 jobs on hold because of a tax that would help Seattle’s homeless population – ThinkProgress

[ad_1] Amazon CEO Jeff Bezos has more money than he knows what do deal with. While visiting Germany in late April to pick up the Axel Springer Award for innovation, Bezos gave an exclusive interview to Business Insider  about how it feels to be the richest man in the world. Bezos, who has a net worth of $130.8 billion, told the outlet that the only logical way to spend his money is by funding space tourism through his spaceflight company, Blue Origin. “The only way that I can see to deploy this much financial resource is by converting my Amazon winnings into space travel. That is basically it,” Bezos said. What Bezos does not want to spend money on at all is helping the homeless population in the city where his company is located. On Wednesday, Amazon announced the company would halt the construction of a new building in downtown Seattle it was planning to build, jeopardizing some 7,000 jobs. Why? Because the company opposes a tax being considered by the City Council. The tax targ...