Is it hard to find a summer job this year? Hear from kids
Looking for a summer job? If so, you aren't alone. These teens from Toronto, Ontario, are, too. Hear from them about what it's like to apply for jobs for summer 2025.
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Jay Peak GM Calls Impact of Canadian Tariffs "Catastrophic"
Earlier this week, the United States Senate convened a forum amongst the Senate Financial Committee, and others, on the impacts of tariffs and the current administration's trade war on business, manufacturing, farming, and the tourism industry. Vermont Senator Peter Welch, who is a member of the Senate Finance Committee welcomed General Manager Steve Wright of Vermont's Jay Peak to the forum to speak on the economic impacts and cultural harm as a result of the administration's new policies. Wright's opening statement provided a stark look into how the ski area and its local economy, which sits just south of the Canadian border, has already seen dramatic impacts of the tariffs imposed by the administration. Wright cited that the ski area itself is a $70M business that's been around for 60 years, and was once even owned by a Canadian company. The towns that are closest to the ski area, Newport and Jay, are home to less than 5,000 and 550 full-time residents respectively. On any given busy day at the ski resort, the population of Jay, VT can increase to more than 10,000 people, 50% of whom are Canadian visitors traveling from towns like Toronto, Montreal, and several of the eastern townships. Due to both a close proximity and relationship with the neighboring country, Wright noted policies that had been put in place many years prior at the resort that allowed Canadians to use the Canadian dollar on products like lift tickets, entry to the water park, for golf rounds. Depending on the current status of the dollar and Canadian dollar, that's meant that a discount of around 20-35% at any given time. "Our french fries come with American gravy and Canadian cheese curds and the resort consumes equal parts Budweiser and Molson," said Wright, in a lighthearted emphasis of his to watch the full speech below. Keep reading for to keep up with the best stories and photos in skiing? Subscribe to the new Powder To The People newsletter for weekly updates. Wright continued by saying that Jay Peak and the state of Vermont are forecasting a 'potentially catastrophic amount of trouble' as it pertained to Canadians citizens unwillingness to visit the state for the 'indeterminate future.' He also touched on the increased costs of bringing in necessary operating equipment for the resort as a result of the tariffs. Located within Vermont's Northeast Kingdom, Jay Peak is the state's chief supplier of state and local taxes as well as more than 1,500 employment opportunities for Vermont's workforce, not to mention the most snow in eastern North America over the past winter, stated Wright. Despite these metrics, the ski area has already seen a massive decrease in Canadian visitorship. The 2026 fiscal year season pass sales has already seen a reduction of 35% by Canadian passholders. Wright recalled personally calling more than 150 Canadian households over the past two weeks. "They cite the Presidential Administration's flagrant disrespect of Canadian independence and not only a challenge to Canadian sovereignty but their own identity and they feel the need to respond," said Wright, summarizing the common sentiments of these phone calls. One family told him they were not sure when they'd return to Jay Peak, if ever. Beyond just Jay Peak, the 50,000 yearly Canadian visitors inject $150M into Vermont's economy annually, a number that has already seen suffering as a result of the tariffs. Wright closes his statement by noting the optimism required to work in the ski industry, one that is based largely on remote locations, fickle weather, and a lack of affordable housing. "The very last thing we need added to our plates is the President's anti-Canadian being driven by this administration that is neither grounded in logic nor supported by facts. It is my hope that ultimately cooler and more logical heads will prevail, but we have not seen much in the way of cool, and logic appears to be roughly five months out the proverbial window," said Wright. Jay Peak is not the only voice in the ski and outdoor industry to speak out about the affects of these tariffs. Earlier this week, women's ski and mountain bike brand, Wild Rye, opened to public investors as a way to bridge the financial gap needed to move product production out of China, as a result of the tariffs. On May 5th, Black Diamond reported a 15-25% raise in prices as a result of the tariffs. Many more brands and ski areas have waited in hesitation to see how these tariffs will continue to impact an already precarious industry following the COVID pandemic and in the face of climate change. Vermont skiers and ski areas are no strangers to standing up to this administration. Wright's statement further exemplifies that just because an office in the ski industry might look a little different than one in the White House, it's doesn't mean they aren't prepared to suit up and fight Peak GM Calls Impact of Canadian Tariffs "Catastrophic" first appeared on Powder on Jun 12, 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Report: Utah experiences steady employment growth amid a national downturn
Utah's employment numbers continue to steadily grow despite national trend downward, according to the latest employment summary from the Department of Workforce Services. In May, the Beehive State reported a 2.5% increase in employment over the year, while the unemployment rate stood at 3.2%, according to the report. These numbers represented a net addition of 42,900 jobs since May 2024, accounting for both job gains and losses. Approximately 58,220 Utahns are unemployed, which is about 700 more than last month. 'While the unemployment rate saw a slight increase, the state's economy remains robust,' Ben Crabb, chief economist with the Utah Department of Workforce Services, said in the report. Utah's private sector employment increased by 2.3% from the previous year, with notable job gains in education and health services, construction and manufacturing. However, trade, transportation and utilities, along with other services, saw job losses. Eight of ten industry groups experienced net job growth. In comparison, the U.S. added 139,000 nonfarm jobs, just shy of two thousand from the most recent modest estimate for the current quarter, according to the Federal Reserve Bank of Philadelphia. While the federal government experienced ongoing job losses, the health care, leisure and hospitality, and social assistance sectors continued to show upward employment trends. Down from the previous estimate of 145,000, and the previous 12 months average monthly gain of 149,000, the current job growth casts a dimmer outlook in the U.S. economy. On the other hand, the unemployment rate remained unchanged at 4.2%, the U.S. Labor report stated. Although forecasters surveyed by the Federal Reserve Bank of Philadelphia said it could raise to 4.5% in the first quarter of 2026. Wednesday, the Federal Reserve left the federal funds rate unchanged, awaiting to see the impact that tariffs will have in the economy this year. 'Increases in tariffs this year are likely to push up prices and weigh on economic activity,' Fed Chair Jerome Powell said at a news conference, per AP news. 'This is something we know is coming, we just don't know the size of it.' Economic growth will slow down, according to these projections, which could translate into an increase in unemployment. Even though inflation has remained steady, the Federal Reserve still expects to cut rates twice this year, per AP news, to counter the projected effects of the higher inflation in the upcoming months. The state's labor market saw a 15% decrease in job openings over the year, according to Crabb. Despite the cooling trend, Crabb said there still are 1.3 jobs for every unemployed worker in the state. Crabb also noted there's a hesitance among workers to try switching jobs, which could be due to the time it takes to find suitable reemployment. With a median duration of 7.7 weeks currently, it takes job seekers about a week longer than the previous year. But Crabb remains optimistic. 'Going into the summer, the state's economy is exhibiting health and expansion across industries,' he said in his analysis of May's employment report.
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2 hours ago
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Trump's Tariffs Trigger Layoffs: Monopoly Maker Hasbro Slashes Jobs — These Companies Are Cutting Too
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Monopoly maker Hasbro Inc. (NASDAQ:HAS) announced that it has cut 3% of jobs amid higher tariffs on imports from China. Here's a list of five other publicly traded companies that have either reduced their workforce or intend to do so due to the impact of tariffs. What Happened: After announcing 900 job cuts in December 2023, the Hasbro management told Reuters that it laid off 150 employees or 3% of its workforce in its latest cost-cutting effort on June 18, 2025. According to its fiscal 2024 annual filing, the company had roughly 4,985 employees globally. The company CEO, Chris Cocks had hinted the same during the first quarter earnings call stating that 'Ultimately, tariffs translate into higher consumer prices, potential job losses as we adjust to absorb increased costs, and reduced profits for our shareholders.' Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — He had also said during the same call that the expanded rate on imports from China 'is creating volatility and introducing a range of scenarios for how the year could unfold.' Apart from Hasbro, other firms that have reduced their workforce due to tariffs include; Stellantis NV (NYSE:STLA): The automaker announced temporary layoffs of 900 workers across five U.S. facilities due to production pauses at its Canadian and Mexican plants, directly linked to tariffs announced in April 2025. Cleveland-Cliffs Inc. (NYSE:CLF): The steelmaker laid off 1,230 workers, with 600 job cuts at its Dearborn, Michigan, plant and 630 at two iron ore mines in Minnesota, citing falling automotive demand due to tariffs on steel and auto imports. United Parcel Service Inc. (NYSE:UPS): UPS announced expected layoffs of approximately 20,000 workers in 2025, citing "current macro-economic uncertainty" and reduced shipping volumes due to tariffs. Volvo ADR (OTC:VLVL): The company plans to lay off 550–800 workers at three U.S. facilities over three months, citing market uncertainty and reduced demand due to tariffs. Deere & Co. (NYSE:DE): The tractor manufacturer laid off 9 workers at its Ankeny, Iowa, facility, as per a Nation of Change report. The company expressed concerns about the impact of tariffs on production It Matters: President Donald Trump's reciprocal tariffs are on pause till July 9 while the administration is trying to strike deals with its trading partners. Trump declared a sweeping new trade agreement with China via Truth Social following two days of negotiations in London last week, suggesting major concessions from Beijing and lighter U.S. obligations. "Full magnets, and any necessary rare earths, will be supplied, up front, by China," Trump said, adding that the U.S. would reciprocate by allowing Chinese students access to U.S. colleges. The deal includes a significant tariff shift. The U.S. will continue applying tariffs totaling 55% on selected Chinese imports, while China will impose a 10% tariff rate on U.S. goods. Read Next: Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. Arrived Home's Private Credit Fund's has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. Photo courtesy: Kobby Dagan / This article Trump's Tariffs Trigger Layoffs: Monopoly Maker Hasbro Slashes Jobs — These Companies Are Cutting Too originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
