U.S. employers added 157,000 jobs in July, and the nation’s unemployment rate fell to 3.9 percent, according to data released Friday by the Labor Department. Meanwhile, average hourly pay for workers rose 2.7 percent from a year earlier, to $27.05 from $26.34.
Below are the industries with the highest and lowest rates of employment growth for the most recent month. Additionally, monthly growth rates are shown for the prior year. The latest month’s figures are highlighted. Wage data are shown when available.
Dry conditions, high temperatures, and strong winds have once more spawned several large and destructive wildfires across the state of California. Thousands of firefighters are now battling multiple blazes that have burned hundreds of thousands of acres in the past few weeks, and recently claimed at least eight lives. Gathered below: a collection of images of those affected by these recent fires, and some of the dramatic scenes of destruction left in their wake.
So it came as a shock to the bank when its insurer, Everest National Insurance Co., ultimately refused to pay out a significant portion of the bank’s claimed losses of $2.4 million, offering instead only $50,000 on the grounds that the breaches were not covered by National Bank’s computer and electronic crime insurance rider. In June, National Bank sued Everest for breach of contract and a larger portion of the breach costs in a lawsuit that highlights just how nebulous and unhelpful cyberinsurance policies can be, as well as how little the companies purchasing those policies typically understand about their coverage.
It’s passive zombie feed scrolling, not active communication with friends that hurts our health, according to studies Facebook has been pointing to for the last seven months. Yet it’s treating all our social networking the same with today’s launch of its digital well being screentime management dashboards for Facebook and Instagram in the US before rolling them out to everyone in the coming weeks.
POP QUIZ: WHAT tech mogul dropped out of Harvard after two years to found a tech company that conquered the world? If you answered Mark Zuckerberg, congratulations! You are correct. And if you answered Bill Gates, congratulations: You are also correct!
And the interesting thing is, it’s not just Harvard. The more you compare the two, the more similar they seem. It’s as if they were cloned from the same DNA: They both were born the only boy into a wealthy family. They both have doting, indulgent mothers, who believed they could do no wrong and instilled in them both a preternatural self confidence.
Snapchat’s woes show no sign of ending, and the latest casualty in the company is Snapcash, the peer-to-peer payment service. It’s likely that you’ve never heard of — much less used — the service, which makes its shuttering less of a surprise.
Part of Snapcash’s problem is that it wasn’t always used for the most innocent of purposes. Rather than splitting bills or sending back some money for the pizza you stole from your roommate, Snapcash tended to be used to pay adult entertainers for content on Snapchat. In short, it was probably more bane than boon to Snapchat proper.
Is Tesla taking merch too far?
Elon Musk has a knack for selling weird branded merchandise that has nothing to do with what his companies actually do — remember The Boring Company’s flamethrowers? Or the $400 leather jackets made from the same automotive grade leather that adorns Tesla interiors?
Tesla added surfboards to its gift shop on Saturday. The surfboards, which were briefly available for the perfectly reasonable price of $1,500, is a collaboration between Tesla Design Studio and Lost Surfboards.
The number of people on Twitter fell during the three months ending in June as it worked to clean up the platform and comply with new privacy regulations.
The social network said Friday that it had 335 million monthly users around the world in the second quarter, down from 336 million users in the quarter prior. The number of users could also decline in the third quarter, Twitter warned.
The company attributed the dip in part to “decisions we have made to prioritize the health of the platform” and, to a lesser extent, complying with sweeping new data protection regulations in Europe.
The stock fell 15% in premarket trading Friday after the earnings results.
A team of former FBI investigators is claiming to have proof of the real identity of D.B. Cooper, the notorious airplane hijacker who has remained at large since he parachuted out of a Seattle-bound plane with $200,000 in November 1971. According to filmmaker and author Thomas Colbert – who has led the independent investigation into the cold case for the last seven years – the real Cooper is a 74-year-old Vietnam veteran named Robert Rackstraw. And the proof is hidden in a series of letters allegedly written by Cooper in the months after the hijacking and his disappearance.
The time-honored tradition of skipping school may soon be a thing of the past.
A French school has announced that it would like students to carry Bluetooth-enabled tracking devices so teachers always know where they are, especially if they are not in class.