WASHINGTON—U.S. worker productivity rebounded solidly in the first quarter, the government confirmed on Thursday, also noting that labor costs grew instead of contracting as previously reported. Nonfarm productivity, which measures hourly output per worker, increased at an unrevised 5.4 percent annualized rate last quarter, the Labor Department said. Productivity fell at a 3.8 percent rate…
US Jobless Claims Drop to 385,000, Another Pandemic Low
WASHINGTON—The number of Americans seeking unemployment benefits fell last week for a fifth straight week to a new pandemic low, the latest evidence that the U.S. job market is regaining its health as the economy further reopens. The Labor Department said Thursday that jobless claims dropped to 385,000, down 20,000 from the week before. The…
Florida’s Jobless Must Now Prove They’re Looking for Work to Collect Unemployment Benefits
Florida this week tightened eligibility requirements for people to collect unemployment benefits, part of a bid to encourage people to take jobs in the face of businesses’ hiring woes. Starting June 1, unemployment benefit claimants—with a few exceptions—are required to submit work searches for every week of state or federal benefits requested, the Florida Department…
Australian PM’s China Stance Is Politically Motivated: Opposition Leader
June 3, 2021
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Australian Opposition Leader Anthony Albanese has taken aim at the prime minister’s handling of Australia’s relations with China, claiming it is politically motivated and has put the country’s resources industry at risk. Albanese delivered the remarks at the launch of Minerals Week—hosted by the Mineral Council of Australia—while outlining the Australian Labor Party’s (ALP) vision…
Largest Meat Producer Getting Back Online After Cyberattack
CANBERRA, Australia—The world’s largest meat processing company is getting back online after production around the world was disrupted by a cyberattack just weeks after a similar incident shut down a U.S. oil pipeline. Brazil’s JBS SA said late Tuesday that it had made “significant progress” in dealing with the cyberattack and expected the “vast majority”…
Tesla Establishes Data Center in China, With All Data to Be Kept in China
Tesla has established a data center in China, the company said last week, and data generated by all cars sold in the country will be stored domestically. A May 25 post on the Weibo social media site said that the data center has already been built and the company plans on expanding its data network…
White House Responds, US Meat Supply Under Strain After Cyberattack Hits JBS Foods
The White House Tuesday said that the cyberattack affecting meatpacking firm JBS Foods’ systems appeared to originate in Russia and said the administration is offering assistance. “JBS notified the administration that the ransom demand came from a criminal organization, likely based in Russia,” White House principal deputy press secretary Karine Jean-Pierre told reporters, adding that…
Hyperinflation Is Emerging—Here’s How to Prepare Yourself
Sponsored Content Mainstream investors are often incapable of seeing what lay ahead on the horizon. With mainstream financial media mistaking “relevant” for “fashionable”—often focusing on short-term events that drive volatility—the “myopia” it feeds seems the path of least resistance. Hence, everyone buys it. What’s lost in the mix, however, is the big picture. And looking…
Supreme Court Rejects Johnson & Johnson Bid to Toss $2 Billion Talc Verdict
The Supreme Court on Tuesday rejected an appeal by Johnson & Johnson to overturn a $2 billion verdict in favor of women who claimed the company’s talc product caused ovarian cancer. The ruling leaves intact a Missouri court decision to award the women the sizeable sum after a jury found that the company’s talc products contain…
Donna Brazile Departs Fox, Joins ABC as Contributor
Donna Brazile has left Fox News and joined ABC News. The former chairwoman of the Democratic National Committee (DNC), who fed then-candidate Hillary Clinton questions before a debate, will be a contributor with ABC, a spokesperson told The Epoch Times via email. A Fox spokesperson did not respond to requests for comment. Brazile joined Fox in…
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