US Job Growth slows sharply in sign of hiring struggles
America’s employers added just 266,000 jobs last month, sharply lower than in March and a sign that some businesses are struggling to find enough workers as the economic recovery strengthens
With viral cases declining and states and localities easing restrictions, businesses have added jobs for four straight months
The unemployment rate has risen from 6.1% to 6%
Among industries, the sharpest loss last month was in temporary work, which shed 111,000 jobs
The economy remains more than 8 million jobs short of its pre-pandemic level
Pfizer and BioNTech have begun process to seek full FDA approval of Covid shots
Pfizer and BioNTech have started the regulatory process of seeking full approval for their Covid-19 vaccine for use in people 16 and older in the U.S.
They are the first companies in the U.S. to file for a full license to market their shots directly to consumers
The FDA granted emergency authorization of their Covid vaccine in late December
Beyond Meat swings to a loss as grocery sales growth slows
Beyond meat on Thursday reported a wider-than-expected loss in the first quarter
The company says restaurant customers are taking a longer return and grocery shoppers are not stockpiling meat substitutes anymore
Beyond did not provide an outlook for the full year, citing the uncertainty caused by the pandemic
For the second-quarter, the company is forecasting revenue in the range of $135 million to $150 million
Peloton delays launch of less expensive treadmill to add safety features in the US
Thursday, Peloton said it will delay the launch of the more affordable treadmill in the US
The Tread was set to go on sale May 27 and has already been available in Canada and the U.K
Peloton will be working with the U.S. Consumer Product Safety Commission to get its treadmills back on the market, said CEO John Foley during an earnings call
By K Buenavista
Mr. Buenavista is a writer that specializes in breaking down complex topics into easy to understand formats that appeal to a wide range of news seeking readers, without missing the important details. He handles a majority of the daily news reporting at Easy-Ad, and has written on many other websites. He resides in Southern California.
