February Job Growth Disappoints, Fueling Economic Fears From Rising Costs, Tariff Confusion
The US labor market fell short of expectations in February, adding to growing economic uncertainty from trade disputes, a hiring slowdown, and ongoing federal job cuts.
The nation's economy added 151,000 jobs in February, according to data from the Bureau of Labor Statistics released on Friday, Mar. 7. That number was lower than the Dow Jones consensus forecast of 170,000, CNBC reported.
Job growth lagged behind the 12-month average of 168,000, signaling a labor market slowdown. Healthcare led with 52,000 new positions, followed by financial activities (+21,000), transpo…
Rare Grocery-Anchored Deal: Park Ridge Shopping Center Sells For $17M
A 71,650-square-foot grocery-anchored retail center in Bergen County has been sold for $17 million, according to Marcus & Millichap, the brokerage that assisted in the sale
Ridgemont Shopping Center attracted significant interest, with more than 20 offers from investors, highlighting its prime location and tenant mix, the firm said.
The property, anchored by Lidl, is home to 12 national and regional tenants, including Staples, Chase Bank, and Starbucks, at 169-199 Kinderkamack Road in Park Ridge.
Marcus & Millichap’s Alan Cafiero, David Cafiero, and John Moroz, along with…
Brewing Tensions: Starbucks Strike Expands To 9 States, Including NY
A Starbucks workers' strike, which began in select stores, has expanded to nine states as employees push for better wages and working conditions during the holiday rush.
The strike, led by Starbucks Workers United, demands higher pay and improved staffing to address what employees describe as chronic understaffing during peak hours.
Workers at dozens of stores in New York, New Jersey, and Pennsylvania joined the strike over the weekend. Starbucks has a total of about 16,000 stores in the US and around 35,000 worldwide.
Over the weekend, picket lines formed at high-traffic stores in N…
