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Facebook Will Add 10,000 Jobs in Europe to Help Build Virtual Worlds

The company is committing to the ‘metaverse’ in a big way.

Americans Are Retiring Earlier Due To Pandemic

After years in which Americans worked later in life, the latest economic disruption has driven many out of the workforce prematurely.

U.S. Adds 850,000 Jobs in June, Better Than Expected

Wages were up 0.3% for the month and 3.6% year over year, both in line with expectations.

US Jobless Claims Fall to 364,000, a New Pandemic Low

The number of Americans applying for unemployment aid fell again last week to the lowest level since the pandemic struck last year, further evidence that the job market and the broader economy are rebounding rapidly from the coronavirus recession.

Private Payrolls Rise by 692,000 in June, Down From Prior Month

Economists were expecting the addition of 600,000 private-sector jobs.

Prices Are Rising So Much That Minimum Wage Workers Are Poorer Than They’ve Been in Decades

Wages are rising at their fastest rate since the 1980s, but it’s not enough to keep up with inflation.

The Jobs Report Will Move Markets in the Week Ahead

The monthly jobs report is the highlight in the coming week, as June winds down and markets start the second half of the year. 

Workers’ Wages Are Rising at the Fastest Pace in Years, Companies’ Profits Could Take a Hit

Under Armour announced this week that it was boosting its minimum wage, following other companies, like McDonald’s, Chipotle, and Bank of America.