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U.S. Employers Add 280,000 Workers to Their Payrolls

July 9, 2023
in Trade Tube
Reading Time: 1 min read
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U.S. employers added a robust 280,000 jobs in May, showing that the economy is back on track after starting 2015 in a slump. The Labor Department said the unemployment rate ticked up to 5.5 percent from 5.4 percent in April. But that occurred for a good reason: Hundreds of thousands more people sought jobs in May, and not all found them. Apple (AAPL) Still Negotiating With Music Labels Over Streaming Terms Days Before the Worldwide Developers Conference Launch Monday. Currently, labels receive 55% of Spotify’s $9.99 monthly rate while publishers take 15%. Music labels are hoping to take closer to 60% from Apple, according to the report. Previously, rumors have suggested that Apple was seeking an agreement that allow it to offer a streaming music service to customers for $7.99 a month rather than the standard $9.99 rate. However, Apple was forced to back down after record labels resisted the change.The disclosure by U.S. officials that Chinese hackers stole records of as many as 4 million government workers is now being linked to the thefts of personal information from health-care companies.

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