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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
May 06, 2022
Page
8
The Labor Department will release April nonfarm payrolls with economists predicting about 400,000 new jobs. This would follow March's 431,000 gain and a 3.6 percent unemployment rate, the lowest since the pandemic. Despite inflation and supply issues, job gains have stayed at or above 400,000 for 11 consecutive months.
Wall Street anticipates Goodyear Tire & Rubber to report first quarter earnings down from a year earlier while revenue rises. The company had returned to profit in 2021 aided by stronger sales, higher prices, and the Cooper Tire acquisition, though it warned inflation would pressure operations going forward.
Anesh Bodasing of Tiffin Box in West Palm Beach says the employment shortage is stubborn and urges small firms to pivot. He notes his Indian restaurant faces difficulty hiring workers while seeking business changes to stay ahead.
A broad stock retreat sent the Dow Jones Industrial Average more than 1,000 points lower on Thursday, erasing gains from Wednesday's rally as investors fretted about higher interest rates and risks in the market. Intercontinental Exchange led moves with ICE Booking Holdings plunging while Black Knight rose on its mortgage software news. specialty chemicals firm lifted its annual revenue outlook.
The EU CREES Spring Festival runs 5 to 7 pm in South Park with live music by Baric Brothers, Ukrainian singalong, and a Ukraine fundraiser. Story Slam Grand Slam starts at 7 pm at the Lawrence Arts Center with online viewing. Family friendly events include Monarch Watch Open House, Kaw Valley Farm Tour with nine farms, Spring for Handmade at Lied Center, Kite Festival at Spencer Museum, Kansas Food Truck Festival, and a mental wellness panel at Lawrence Public Library with Zoom option.
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