Manufacturing

The Labor Department on Friday released the much-anticipated November jobs report, which showed the economy added 227,000 jobs while the unemployment rate ticked up.

Former Intel CEO Pat Gelsinger is in line to receive millions of dollars in severance following his decision to step down from the struggling chipmaker, according to company filings.

President-elect Trump said he would use a series of tax incentives and tariffs to block Nippon Steel's planned purchase of American manufacturing firm U.S. Steel.

The October jobs report found the manufacturing sector lost 46,000 jobs amid strike activity at major manufacturers, extending a three-month slide that has seen the loss of 78,000 jobs.

The Labor Department on Friday released the closely watched October jobs report, which showed that hiring slowed down as the economy added 12,000 jobs.

Ford said it will temporarily pause production of the electric F-150 Lightning for several weeks amid sluggish consumer demand for EVs as the company continues to reassess EV plans.

The International Association of Machinists and Aerospace Workers, representing 33,000 striking machinists at Boeing, voted to reject the aerospace giant's latest contract offer, extending a strike that has halted key Boeing production lines.

Boeing CEO Kelly Ortberg said on the company's earnings call that "trust in our company has eroded" and the aerospace giant needs a culture change as well as an improved balance sheet.

A new study by the National Association of Manufacturers found the Biden-Harris administration's pause on new LNG export permits threatens nearly a million jobs over the next 20 years.

Boeing announced in a regulatory filing that it plans to raise up to $25 billion in a stock and debt offering and has entered into a $10 billion credit agreement.

The U.S. labor market grew at a faster rate than expected in September with notable gains in the food and beverage sector as well as health care, although manufacturing shed jobs.

The Labor Department reported that U.S. employers added 254,000 jobs in September, well above economists' expectations, while the unemployment rate declined to 4.1%.

The strike by unionized dockworkers at East and Gulf Coast ports has the potential to disrupt auto manufacturers' production due to delayed shipments of auto parts.

The U.S. private sector's job gains in September beat expectations, with ADP reporting that 143,000 jobs were added last month — more than the 120,000 expected by LSEG economists.

Several leading business groups are urging President Biden to use his authority under the Taft-Hartley Act to restore operations at ports affected by the dockworkers strike.

A strike at U.S. ports on the East and Gulf coasts could severely impact supply chains already burdened with getting relief to Hurricane Helene victims.