Jobless Claims Up Slightly, But Backlog May Be Hiding Improvements

The number of Americans applying for initial jobless benefits increased less than expected last week, offering an encouraging if still muddled sign that gradual growth in employment is continuing, Bloomberg News reports.

The slight uptick in claims was likely made worse by a backlog of applications in California and Nevada, which both …

Blackberry Plans More Layoffs as Losses Mount

Blackberry, the once dominant smartphone maker, will cut up to 40% of its workforce by the end of the year, the Wall Street Journal reports.

The company employed 12,700 people as of March, already down from 17,000 employees two years ago, back when its iconic phones represented 14% of the smartphone market. Blackberry now has less …

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