Cheddar afternoon business report for March 9, 2018Posted: Updated:
Job growth continued in February. The US economy added 313,000 jobs. That's a lot more than economists had expected. The unemployment rate is still 4.1 percent – the lowest level in about 17 years.
Is this the end of Toys R Us? The struggling retailer has reportedly been unable to find a buyer or restructure its debt, which could mean it's forced to liquidate its entire U.S. operation. The company filed for bankruptcy for the second time in September and also saw a weak holiday shopping season.
President Barack Obama may have just landed a new job. He's reportedly in talks with Netflix to produce a series of high-profile shows with his wife and former first lady Michelle Obama. The number of episodes and exact format still haven't been decided, but the Obamas will not use the platform to discuss President Donald Trump.