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Newspaper
Holland Sentinel
Location
Holland, Michigan, United States of America
Date
Jun 04, 2021
Page
8
The Labor Department shows weekly unemployment claims dropping 20 000 to 385 000 as the job market rebounds and hiring accelerates across industries. Economists expect May payroll gains of about 56 000 while total aid receivers ease to 3.8 million and hospitality seeks workers.
GM shares rise to record highs after the carmaker says its steps to manage the global semiconductor shortage have improved expected results. Engineering changes, prioritized chip use, and delaying some deliveries push 2021 first half pretax profit to above earlier forecasts, with full year outlook kept optimistic though details limited.
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