The Washington Post
ALSO I N BUSINESS The number of Americans
applying for unemployment benefits last week rose to the highest level in more than eight months in what may be a sign that the labor market may be weakening. Applications for jobless aid for the week ending July 16 rose by 7,000 to 251,000, up from the previous week’s 244,000, the Labor Department reported Thursday. That’s the most since Nov. 13, 2021, when 265,000 Americans applied for benefits. The four-week average for claims, which smooths out some of the week-to-week volatility, rose by 4,500 from the previous week, to 240,500.
Truckers protesting California’s new “gig worker” law blockaded the Port of Oakland, the state’s third busiest, for a second day on Thursday, stalling agricultural exports and threatening to worsen U.S. supply chain backups. The law would make it more expensive for big rig drivers to remain independent contractors and is pushing the trucking industry to hire those workers as employees.
Greyhound Lines Chief Executive Officer Dave Leach is to leave the iconic long-distance bus operator he joined as a baggage handler in 1986 following its takeover by Germany’s Flixbus. Leach, CEO since 2007, will stand down from the post while remaining as a strategic adviser until he retires at the end of the year, Flix said Thursday in a statement announcing the reorganization of its North American business. The new owner faces a challenge in changing perceptions of bus trips in the United States, where most people use a car or plane for intercity travel.