Iranians are living between confusion and exhaustion as the country and its economy are squeezed between war and multiplying crises at home. Strikes on steel and petrochemical industries and energy infrastructure earlier in the war spurred a wave of business closures and job losses in Iran, where people now struggle to afford everyday groceries in the face of triple-digit food inflation. Many business owners are struggling to survive. The cratering economy and the threat of more war have left many people desperate for an end to the turmoil and deeply anxious about the future.

Foreign workers building a sprawling $350 million American Consulate in Milan say they were paid less than $2 an hour after being promised fair wages. That is according to Associated Press interviews with five former employees and a review of their employment letters and pay stubs. Italian prosecutors are investigating Montgomery, Alabama-based Caddell Construction, a major builder of U.S. diplomatic missions abroad. Prosecutors say two of its managers in Italy were arrested this month on suspicion of labor exploitation. The probe involves some 70 workers, mostly from India. The company and the U.S. State Department say they are investigating the allegations.

Stadium workers near Los Angeles say they have reached a tentative contract deal, averting strike ahead of World Cup.

The U.S. stock market had its worst day since October as a sell-off in big technology companies weighed down the broader market. Bond yields surged as a strong jobs report boosted expectations that the Federal Reserve will be forced to hike interest rates at some point this year. The S&P 500 slumped 2.6% Friday, finishing with its first losing week in the last 10. The Dow Jones Industrial Average fell 695 points, or 1.4%. The Nasdaq composite fell 4.2%. Nvidia and Broadcom were among the heaviest weights on the market. The Labor Department reported that employers added 172,000 jobs in May, roughly double what forecasters had expected. Oil prices fell.

Employers added a solid 172,000 jobs last month as US job market shows resilience despite rising costs from Iran war.

Scott Pelley may have lost his job after publicly blasting CBS management. But for many workers, he lived out a fantasy. In a staff meeting this week, the longtime “60 Minutes” correspondent questioned the qualifications of top executives and accused them of undermining the storied news program. While his bosses dismissed him, saying he exhibited “remarkable incivility and contempt," many others are cheering Pelley, saying it was like watching a fantasy play out after years of biting their tongues around bosses they viewed as clueless.

US job openings climbed to 7.6 million in April, as labor market looks resilient despite economic fallout from Iran war.

The rise of remote work since the pandemic has made businesses more reluctant to hire young, inexperienced workers and is the key driver of higher unemployment rates for recent college graduates, a study released Monday has found. The study concludes that businesses are reluctant to hire new college grads into remote work because it is harder to train and mentor them when they are working remotely. The authors of the study calculate that remote work is responsible for nearly two-thirds of the rise in the unemployment rate for young college graduates since the pandemic.

Rescue workers in Laos are searching for an alternative way into a flooded cave where two people have been trapped for nearly two weeks. Heavy rain has made the main entry impassable. Five of the seven initially trapped have been rescued. The search began last month in a rugged area about 120 kilometers north of Vientiane. Malaysian diver Lee Kian Lie said workers continue to pump water out of the cave. Rescuers from several countries, including those involved in the 2018 Thai cave rescue, are assisting. Teams are also searching for air shafts that might provide access.