U.S. unit labor costs grew far less than initially thought in the third quarter, pointing to a still favorable inflation outlook even though price increases have not moderated much.
Read More Sharp downgrades to US unit labor costs bode well for inflation outlook
BurgerFi filed for Chapter 11 bankruptcy on Wednesday, joining other restaurant chains that have already made the financial move.
Read More BurgerFi Files For Chapter 11 Bankruptcy Joining Other Restaurant Chains
The labor market is cooling but not enough to allay the Federal Reserve’s hesitance to begin cutting interest rates.
Read More US weekly jobless claims edge higher, Q1 labor costs revised lower
Southwest Airlines has announced that they will be laying off around 2,000 employees and closing operations at four different airports across the globe.
Read More Southwest Airlines To Lay Off 2,000 Employees, Halt Service At 4 Airports
NFIB said its Small Business Optimism Index fell 0.9 point to 88.5 last month, the lowest level since December 2012.
Read More US small-business sentiment slides to lowest level in more than 11 years