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Business News

Claims for jobless aid hit 4-month high

WASHINGTON (AP) — The number of Americans filing for jobless aid hit their highest level in four months last week, but layoffs remain historically low despite ongoing economic uncertainty brought on by the war in Iran. U.S. applications for unemployment benefits for the week ending May 30 ...

State grant boosts Valley’s manufacturing efforts

A local agency dedicated to workforce development received $250,000 as part of the state’s Industry Sector Partnership Grant Program. The Mahoning Valley Manufacturers Coalition has already transitioned the funds to established projects. In a news release issued Wednesday, the Ohio ...

US job openings climbed to 7.6 million in April

WASHINGTON (AP) — U.S. job openings jumped in April as the labor market looked resilient despite economic uncertainty caused by the Iran war. U.S. employers posted 7.6 million job vacancies in April, the Labor Department reported Tuesday, up from 6.9 million in March and most since May ...

Young and unemployed? Remote work, not AI, may be the problem

WASHINGTON (AP) — The rise of remote work since the pandemic has made businesses more reluctant to hire young, inexperienced workers and is the key driver of higher unemployment rates for recent college graduates, a study released Monday has found. The study, by the Federal Reserve Bank of ...

Business at a glance

Treatment center to present ribbon-cutting event Friday ReNew U Therapy & Wellness, an outpatient mental health and substance-use treatment center, invites the community to celebrate the ribbon cutting of its 2125 Glenwood Ave. location in Youngstown at 11 a.m. Friday. The ceremony marks ...

Shortening the runway

NEW YORK (AP) — First, the bad news. Users of credit cards that accrue airline miles and points toward various travel perks are likely to find their balances won’t take them as far this summer. As jet fuel prices have jumped during the Iran war, so have the cost of airline tickets and ...