35 Burst results for "Labor Department"

Unemployment claims rise to 240,000, highest since August

AP News Radio

00:38 sec | 5 d ago

Unemployment claims rise to 240,000, highest since August

"Unemployment benefits claims rose last week to the highest level since August. The Labor Department says jobless aid claims hit 240,000 up 17,000 from a week earlier, while the total is the highest in several months, it remains low by historical standards. The job market is still strong despite high inflation, but the extraordinary job security American workers now enjoy may not last, as the Federal Reserve keeps boosting interest rates, many economists expect the U.S. to slip into a recession next year as higher borrowing costs slow the economy.

Labor Department Federal Reserve U.S.
Slightly more Americans apply for jobless benefits last week

AP News Radio

00:45 sec | 2 weeks ago

Slightly more Americans apply for jobless benefits last week

"More Americans applied for jobless benefits last week The Labor Department reports that the number of Americans applying for unemployment benefits was 225,000 the week ending November 5th that's an increase of 7000 from the previous week The total number at the end of October was 1.49 million The jobs market is historically strong in American employers added a healthy 261,000 jobs in October but the unemployment rate rose slightly to 3.7% fed officials have signaled that they need that rate to be at least 4% to slow inflation a threshold that could be met soon Facebook Twitter and Redfin are among the companies that have announced significant layoffs in the past week consumer inflation reached 7.7% in October still high but the smallest year over year gain since January I am Jennifer King

Labor Department FED Redfin Facebook Twitter Jennifer King
Inflation eased in October as prices rose 7.7% from a year ago

AP News Radio

00:52 sec | 2 weeks ago

Inflation eased in October as prices rose 7.7% from a year ago

"There's another sign inflation may be easy with consumer pricing increases moderating last month The Labor Department reports consumer inflation reached 7.7% in October from 12 months ago the smallest year over year gain since January leaving out volatile food and energy prices so called core inflation rose 6.3% The numbers were all lower than economists expectations but even with inflation's tentative easing the Federal Reserve is expected to keep boosting interest rates in a bid to stem price hikes That raises the risk high borrowing rates may tip the economy into a recession For now we are not anywhere near a recession And President Biden says he's convinced prices can be lowered without falling into one Sagar Meghani Washington

Labor Department Federal Reserve Biden Washington
Little sign of relief expected in October US inflation data

AP News Radio

00:47 sec | 2 weeks ago

Little sign of relief expected in October US inflation data

"Experts say the price is Americans paid for goods and services continued to increase in October When the Labor Department gives its report on October inflation this morning economists surveyed by the data from fact set believe it will say that consumer prices jumped 8% from 12 months earlier and increased a sharp .6% from September to October The United States has been struggling to control inflation which was accelerated by shortages of supplies and labor during the pandemic a burst of consumer spending fueled by federal aid and cut off some food and energy after Russia's invasion of Ukraine and such punishing inflation is giving the Federal Reserve little reason to ease up on its steadily raising of interest rates Donna water Washington

Labor Department United States Ukraine Russia Federal Reserve Donna Washington
"labor department" Discussed on WTOP

WTOP

01:36 min | 3 weeks ago

"labor department" Discussed on WTOP

"WTO sports. The top Soyuz we're following for you today on WTO P, more robust job growth, the Labor Department says employers added 261,000 jobs in October, the unemployment rate ticked up to 3.7%. A 1 billion ft² project is in the works in college park that could transform the college town. A development called aviation landing will be located near the college park airport. It will include restaurants, other businesses and more than 900 residential units. A man believed to be in his 30s was found dead outside a parking garage near the Kennedy Center this morning, police say he was likely what he likely walked across rock creek Parkway toward the performing arts center before he died. Keep it here for more on these stories in minutes. The number of middle aged Americans dying from excessive drinking is up. The CDC says alcohol related deaths among people 35 to 44 jumped by 26% between 2019 and 2020. But among middle aged women, the rise was even sharper 42%, liver disease was a leading cause of alcohol related deaths falling by mental and followed by mental and behavioral health disorders, such as withdrawal. The CDC says the rate of alcohol related deaths has been increasing for the past two decades. Let's say what's had in money news. The Dow is up 200 points, a developer pushes pause in national landing. I'm Jeff cable. It's 1148. Captain weather on the aids, the WTO traffic

WTO college park airport Labor Department college park Kennedy Center CDC liver disease Jeff cable Captain aids
Jobless Claims Remain Low

AP News Radio

00:32 sec | 3 weeks ago

Jobless Claims Remain Low

"Slightly fewer Americans applied for jobless aid last week I'm Jennifer King with the latest The Labor Department says first time claims for jobless aid fell to 217,000 last week down by a thousand from the previous week and the four week moving average was also down slightly the total number of Americans collecting unemployment aid was 1.49 million the highest in 7 months but still a historically low number Consumer prices remain stubbornly high and yesterday the Federal Reserve raised its benchmark borrowing rate for the fourth time this year by three quarters of a percentage point in an effort to cool the economy and

Jennifer King Labor Department Federal Reserve
Job openings post surprise jump, putting pressure on Fed

AP News Radio

00:35 sec | 3 weeks ago

Job openings post surprise jump, putting pressure on Fed

"Job openings rose unexpectedly in September A surprise from the Labor Department is job openings rose in September that goes against hope by fed chair Jerome Powell that inflationary pressure can be relieved by employers cutting job openings 10.7 million job vacancies were posted in September That's up from 10.2 million in August economists had expected the number of job openings to drop below 10 million with so many jobs available workers can afford to resign and look for jobs that pay more money Those higher wages have contributed to inflation that

Jerome Powell Labor Department FED
Jobless Claims Rose Slightly Last Week

AP News Radio

00:34 sec | Last month

Jobless Claims Rose Slightly Last Week

"Of Americans filing for unemployment benefits inched up last week I'm Ben Thomas with that number The Labor Department says first time claims for jobless aid rose to 217,000 while the four week moving average was also up Those numbers remain historically low still the total number of Americans collecting unemployment aid rose to its highest level in 7 months 55,000 to 1.44 million for the week ending October 15th The Federal Reserve has been cranking its benchmark borrowing rate higher in an effort to cool the economy and tame inflation and

Ben Thomas Labor Department Federal Reserve
 Fewer Americans apply for jobless benefits last week

AP News Radio

00:41 sec | Last month

Fewer Americans apply for jobless benefits last week

"The number of Americans applying for jobless aid remains low I'm Ben Thomas with the latest numbers The Labor Department reports first time claims for unemployment benefits dropped 12,000 to 214,000 last week while the four week moving average comes in slightly lower The total number of Americans collecting unemployment aid edged up to just under 1.4 million in the first week of October While some recent employment data suggests the job market may be cooling slightly overall it remains the healthiest part of the economy If applications for jobless aid at historically low levels the government's September jobs report showed the unemployment rate at 3.5% Ben

Ben Thomas Labor Department Government
Inflation Hits 8.2% in September, Higher Than Expected, as Prices Soar

Mike Gallagher Podcast

00:30 sec | Last month

Inflation Hits 8.2% in September, Higher Than Expected, as Prices Soar

"U.S. inflation surged 8.2% in September. It is a higher than expected increase in breaking news. The Labor Department's consumer price index just came out way more than economists expected rent food prices soaring. You didn't need the Labor Department to tell you that. We know how bad things are in America due to failed leadership. We've got 26 days to fix it.

Labor Department America
US applications for jobless benefits increased last week

AP News Radio

00:44 sec | Last month

US applications for jobless benefits increased last week

"The number of Americans filing for unemployment benefits rose last week I'm Ben Thomas with the latest numbers The Labor Department says jobless claims rose by 29,000 to 219,000 while the four week moving average inched up to just over 206,000 The total number of Americans collecting unemployment aid rose to 1.36 million Despite the rising numbers however the labor market remains strong even in the face of persistent inflation and a slowing overall U.S. economy The Federal Reserve takes labor force data into consideration when making policy decisions It's been raising interest rates hoping to slow borrowing and spending to push inflation closer to its 2% target The government's September jobs report is due tomorrow Ben Thomas Washington

Ben Thomas Labor Department Federal Reserve U.S. Government Ben Thomas Washington
"labor department" Discussed on WTOP

WTOP

02:45 min | 2 months ago

"labor department" Discussed on WTOP

"Galleries, and it's good for the local economy, typically generating about $2 million in revenue for businesses and artists across the city. You can read it a lot more about it at WTO P dot com. A slight rise in the number of Americans asking for jobless benefits. The Labor Department says applications inched up by 5000 this past week, Sean and Hillary talked about it with Mark Hamrick, senior economic analyst for bank rate dot com. I think the real takeaway here is the job market remains remarkably stable in robust and unfortunately, and this is why financial markets are reacting the way they are. The job market is too strong for the likes of the Federal Reserve, which looks at all of this as another source of inflation when there seems to be no shortage of potential sources of rising or sustaining high prices. It kind of seems antithetical to our values, doesn't it, that a very, very strong job market can be problematic Mark? It does. And chairman Powell has been asked about that many times, including by me. The problem is that and this is the inherent conflict, not to mention, quote unquote values, which is an accurate statement or phraseology. The fed itself has a dual mandate, which is stable prices, which we've experienced anything but as well as maximum employment. And here they are essentially willing to say that for the sake of the economy, we need to prioritize the inflation problem and basically say, in this case, we have to let the job market worsen to dampen demand. And the question is, how much more will it worsen, but I think the default forecast right now over the next year right now is rising unemployment and that's a kind of pain that ultimately all of us will share. Well, how far into the future is there a sense that we're only months away from the fed of reaching its goal of tamping down inflation? Do we have any sort of sense of timing here? Well, not according to their own forecast, so they go out now about two and a half or three years with their forecasts. And you have to go out to the end of that forecast where they see inflation getting close to their 2% target. But chairman Powell as well as plenty of other interested observers will be quick to say that the ability to forecast that far out at this point is quite poor and our recent experience affirms that because very few individuals predicted the current circumstance, which is causing all these problems. That's Mark Hamrick, senior economic analyst for bank rates dot com talking with WTO's Shawn and Hillary. You deserve more Internet than what you get from just your cell phone. Get Xfinity high speed Internet at home, free through the affordable connectivity program. That's right, eligible customers can get Internet essentials plus a 29

Mark Hamrick chairman Powell fed Labor Department WTO Hillary Sean Mark Shawn
"labor department" Discussed on WTOP

WTOP

03:10 min | 2 months ago

"labor department" Discussed on WTOP

"81 to fort belvoir 79 in Silver Spring, 79 in foggy bottom in northwest D.C.. It is four 41, the number of Americans applying for unemployment benefits has dropped again. The Labor Department says applications for jobless aid fell last week by 5000 to roughly 213,000. That's a four month low. And the news comes amid the prospect of higher interest rates and a near miss of an economic disaster. Mark Hamrick senior economic analyst for bankrate dot com joined Brennan and me earlier with the latest on job numbers and a couple of other items. It's amazing. I'll stable the job mark that has remained in the face of all these challenges of, let's say, the last year and a half of outsized inflation. And really serves to shift people's attention to these high end sustained prices because they've sort of checked the box off on the job market piece. The jobless claims do reflect some layoffs that are occurring in the economy, but given the high number of job openings and the low number of unemployed and the unemployment rate is suggest that those who may be knocked loose of their current employment are relatively successful quickly in finding new jobs. We still have though the hot inflation we still have the rising interest rates. How is it affecting the mortgage market and the ability of folks trying to buy homes? Yeah, that's a bit of a horror story here because here at bank rate, we now have the average for a 30 year fixed rate mortgage above 6% for a second straight week. And I know that may jog some people's memories, those of us who are old enough to remember it. These rates are the highest since late 2008. And so housing affordability becomes further challenging. Coinciding with the continued rise in home prices we've had in recent years. And I think we'll see further chill in the housing market as we get into the fall and probably even represented in the forthcoming housing data as well. Mark and our final 30 seconds, some good news that the nationwide rail strike was avoided, how close were we to an economic meltdown if that happened? It would have been a disaster if it had prolonged because the cost was estimated at $2 billion a day. And we know what happens when supply chains are messed up. And the railroads were responsible for moving about a third of our freight around the country. So this is not a self inflicted problem we needed to create. Mark Hamrick is a senior economic analyst for bank rate dot com he joined us on Skype. Latest on sports next, four 43. Kimberly Harris, director of community health and social impact at care first blue cross blue shield joined WTO on a discussion about transforming healthcare because good healthcare is more than treating people when they are sick. It empowers people to stay well. That is why care first strives to meet people where they are in their health journeys. It really isn't the name. We care first. A part of what we do, of course, we're a health insurer in the area, providing insurance, but it doesn't stop there. So for example, I am the director for community health and social impact and not only do we provide services and resources to our members, but to the community at large. We care first, we provide that

Mark Hamrick fort belvoir foggy bottom bankrate Labor Department Silver Spring Brennan D.C. Kimberly Harris Mark Skype WTO
Supplier Inflation Stayed Elevated in August

AP News Radio

00:50 sec | 2 months ago

Supplier Inflation Stayed Elevated in August

"The latest government reports suggest Americans will keep facing high prices for months to come The Labor Department says wholesale inflation in August jumped 8.7% from a year earlier a drop from July On a month to month basis it fell slightly for a second straight month The drops though mostly reflect falling gas prices and don't necessarily indicate a broader inflation slowdown Wholesale inflation is a measure of prices before they reach consumers and apart from cheaper gas most everything else got more expensive last month from food to furniture The consumer price spikes reported yesterday that Wall Street to its worst day in more than two years Amid fears the Federal Reserve will raise interest rates even more aggressively Sagar Meghani Washington

Labor Department Federal Reserve Sagar Meghani Washington
World shares advance after Wall Street's end of week rally

AP News Radio

00:36 sec | 2 months ago

World shares advance after Wall Street's end of week rally

"Asian stocks are rising I'm Lisa dwyer with the latest shares in Asia are up after last week's strong clothes on Wall Street the first weekly gain in four weeks oil prices declined On Friday the S&P ended with a 3.7% gain for the week making it the index's best week going back to July This week investors are watching for U.S. inflation figures along with Chinese economic data The U.S. Labor Department will release its report on consumer prices for August on Tuesday and a report on wholesale prices on Wednesday Thursday Wall Street will get an update on retail sales for August I'm Lisa dwyer

Lisa Dwyer U.S. Labor Department Asia S U.S.
 Inflation eases as consumer prices rise 6.3% in July

AP News Radio

00:50 sec | 3 months ago

Inflation eases as consumer prices rise 6.3% in July

"Latest report is raising hopes that decades high price hikes may have peaked The report shows consumer prices rose 6.3% last month from a year earlier That's down from 6.8% in June which was the biggest jump in 40 years Energy prices made the difference in July falling after a June surge consumer prices on a monthly basis actually fell slightly from June The report combined with the drop in the Labor Department's consumer price index last month suggests inflationary pressure may be starting to ease The commerce department also reports after-tax personal incomes were up 0.3% from June to July after adjusting for higher prices following a drop the month prior

Labor Department Commerce Department
Fewer Americans file for jobless benefits last week

AP News Radio

00:43 sec | 3 months ago

Fewer Americans file for jobless benefits last week

"Fewer Americans filed for unemployment benefits last week The jobs market continues to stand out as one of the strongest segments of the American economy The Labor Department reports applications for unemployment benefits for the week ending August 13th fell slightly down by 2000 to 250,000 And last week's number was revised downward The number of Americans collecting unemployment benefits is hovering at 1.43 million Employers scrambling to find workers after an unexpectedly strong pandemic recovery added nearly 530,000 jobs in July more than double what forecasters had expected and the unemployment rate dipped back down to a 50 year low at three and a half percent Its one bright spot amid clouds including higher prices rising interest rates and a slowing home sale market I'm Jennifer King

Labor Department Jennifer King
Americans filing jobless claims at highest level in 8 months

AP News Radio

00:34 sec | 4 months ago

Americans filing jobless claims at highest level in 8 months

"The number of Americans applying for unemployment benefits last week rose to the highest level in more than 8 months In what could be a sign that the labor market is weakening applications for jobless aid last week rose by 7000 The Labor Department says that pushed the total to 251,000 which is the most since November of last year Although the labor market is still strong there have been some high profile layoffs announced recently by Tesla Netflix carvana Redfin and coinbase I'm Shelley Adler

Labor Department Carvana Redfin Tesla Netflix Shelley Adler
Wholesale prices shoot up near-record 11.3% in June on surge in energy costs

AP News Radio

00:44 sec | 4 months ago

Wholesale prices shoot up near-record 11.3% in June on surge in energy costs

"About inflation from the Labor Department's report on wholesale prices The U.S. producer priced index which measures inflation at the wholesale level before it hits consumers climbed 11.3% in June compared to one year ago and 1.1% from May That's the fastest pace since the record surge in March and follows yesterday's report that consumer prices were up 9.1% Wholesale prices for energy have shot up 54% transportation and warehousing are 23% higher and wholesale food prices are up nearly 13% from a year ago While services lagged at an 8% increase mehir Rashid with Oxford economics says that price pressures remain uncomfortable despite modest improvements in supply conditions and that businesses will have to figure out how much of the higher costs they can pass on to consumers

Labor Department Oxford Economics U.S.
"labor department" Discussed on WTOP

WTOP

02:59 min | 5 months ago

"labor department" Discussed on WTOP

"Dot com and schedule your free estimate today. Three ten now in we have inflation we have fears of a recession, but the June jobs report from the Labor Department says hiring is still strong. Headline numbers here 372,000 jobs added last month and unemployment. The unemployment rate is at 3.6%. Joining us live on Skype to unpack the numbers a little bank rate, senior economic analyst and Washington bureau chief Mark Hamrick mark was this report significantly better than what people had expected. I think so Dmitri and Sean, as you sort of allude to in the intro there, we've been on high alert for essentially negative economic surprises, particularly with respect to a potential downturn, our recent by great survey of economists put the risk of a recession in the next 12 to 18 months. Basically, at 50, 50, which is elevated from the first quarter when it was one in three. But this is hardly consistent with a recession when we're near a 5 decade low of unemployment at 3.6% and really continued outsized job gains of 372,000. We have now we've covered all the jobs that were lost to the private sector, not all on the government side that were lost during the pandemic. So that's a positive development. How did wages, though, hold up against the inflation? How have they so far? Yeah, well, that's another good example, Sean, of where compared to normal times we're doing well, but these are not normal. And so in the last read on the consumer price index, the year over year gain was 8.6% quite stunning and we've all been stunned by those impacts. But the wage gains here on an annual basis are up 5.1%. So again, normal times good in these times, not good enough, now the other side of that is the fed does not want to see wage gains sort of growing out of control because then it would say that's another contributor to an already bad inflation situation. So there, the fed says, okay, so far so good essentially with that. Are we ready to say maybe we're edging away from fears of a recession mark or is it just too early to tell? Well, I think it's way too early because the fed has signaled that it intends to continue raising interest rates to the point where we're restrictive not only by the end of the year, but on through 2024. So I think particularly investors and business leaders, among others, will continue to fear that the fed will commit yet another policy mistake having undershot on rates through the previous period and possibly overshooting going forward. So, hey, it's never easy. These are precarious times, but let's just say, as of today, so far so good with the job market. All right, Mark, thanks, have a great weekend. Thank you. You too. Mark hammer, bank rates, senior economic analyst in Washington bureau chief. I had Bradley Beal of the wizards speaking out after signing his supermax deal

Mark Hamrick mark Labor Department Sean Dmitri fed Skype Washington Mark hammer Bradley Beal Mark wizards
Job openings fell in May but still outnumber available workers by almost 2 to 1

AP News Radio

00:30 sec | 5 months ago

Job openings fell in May but still outnumber available workers by almost 2 to 1

"230,000 Still the overall demand for workers remained strong There are nearly two job openings for every unemployed person as companies scramble to higher even as consumers spend less due to high inflation analysts expect the Labor Department will report tomorrow that employers filled more than 276,000 jobs last month which would be the fewest in more than a year The report will come amid signs of a weakening economy and

Labor Department
Job openings fell in May but remained near historic high

AP News Radio

00:43 sec | 5 months ago

Job openings fell in May but remained near historic high

"The number of advertised job openings in the U.S. has declined but the overall demand for workers remains strong The Labor Department says employers posted 11.3 million job openings at the end of May down about 400,000 from April but there are still nearly two job openings for every one unemployed person Demand has been especially strong in travel and entertainment related industries With so many available positions companies have been raising pay and increasing benefits to attract and keep workers Higher labor costs have contributed to rising prices with inflation now at 40 year highs Mike Hempen Washington

Labor Department U.S. Mike Hempen Washington
"labor department" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:30 min | 8 months ago

"labor department" Discussed on WNYC 93.9 FM

"For marketplace And these quarterlies are coming in now JPMorgan Chase reported today profits are down 42% as that firm uses some money to modernize but lending was up 6% for the quarter the stock down 2.7% pre market Let's do the indicators Dow futures are down slightly four points The NASDAQ future is up three tenths percent S&P futures are up a tenth of a percent crude oil up 1.8% above one O two of arrow Yesterday we found out that consumer prices hit a fresh 40 year high in March and just now the Labor Department said wholesale prices in March rose nearly one and a half percent from a month earlier Consumers often feel wholesale price increases later when companies pass on the costs marketplaces novo safa is here with more And David economists were expecting wholesale price inflation to have accelerated but it is more than forecast that forecast was for a gain of one tenth percent it came in at 1.4% In February wholesale prices were up 8 tenths of a percent So it is accelerating And those are monthly gains over the 12 month period ending in March wholesale prices were up more than 11 percent higher than the annual gains we've seen so far for consumer prices And it's the largest annual increase in producer prices David since the Labor Department has kept track of that in starting in 2010 Now we were reporting grains corn wheat more expensive crude oil also do we see these changes reflected in what you just talked about this report Yeah it's there but it's not a complete picture For one wholesale prices if you leave out volatile elements food energy trade services like air transportation they were still up almost a percentage point So a lot of that's pandemic disruptions registering The Ukraine war has made wholesale prices worse in some important areas as you just mentioned including fertilizer which threatens future agricultural production So there's the unanswered question of what food prices will look like later this year And wholesale energy prices were also up 5 and a half percent last month but the effects of sanctions on Russian oil haven't been fully realized yet So the numbers we're seeing today David don't yet capture the full scope of inflationary pressures from the Ukraine war All right marketplaces and nova safa there Marketplace morning reporters supported by C three AI C three AI software enables organizations to use artificial intelligence at enterprise scale solving previously unsolvable business problems Learn.

JPMorgan Chase Labor Department David Ukraine
"labor department" Discussed on WTOP

WTOP

02:17 min | 9 months ago

"labor department" Discussed on WTOP

"Inflation this morning the Labor Department is reporting that last month we experienced the highest price increases annually since 1982 The report says inflation jumped 7.9% in February Joining us live now is CBS business analyst Jill schlesinger Jill as we digest this report this morning it's important to note that most of what occurred and most of what we're seeing in this report happened before Russia invaded Ukraine What else is standing out to you in this morning's data Boy there was no place to hide essentially And I'll point out the obvious which is obviously gas prices Up 38% from a year ago And month over month So from January to February a 6.6% increase And that accounts for about a third of the total increase of the consumer price index But even when I look at food and I feel like that is something we fill up our gas tanks we go to the grocery store food costs both home and away up quite a bit by 7.9% food costs at home 8.6% You know gang no place really to hide If you really like your proteins meat and poultry fish eggs up 13% from a year ago But if you like your carbs like cereal and bakery I like those too 7.8% increase So it was ugly across the board Yeah so and we're not keeping up with wages to address this level of inflation So how can we get some relief Where can we stretch our dollars Well I think there's a few things to remember There are some people who are actually are keeping up with inflation We got a new report that showed that people who leave their jobs tend to get better wage increases than those who stay and ask for raises I mean I'm not saying you shouldn't get a raise from your boss And you may want to look elsewhere though because the average increase is 8% which is about inflation costs year over year right So the other things that you can do well you know let's dust off our old inflation playbook Go back to the late 70s and the early 80s drive less if that's not an option Pay cash for your gas You can save 5 to ten cents a gallon maybe use regular gas if your car truck allows I hear that Mondays and Fridays are the cheapest days to fill up I don't know if that's still going to be the case.

Jill schlesinger Jill Labor Department CBS Ukraine Russia
"labor department" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

04:04 min | 10 months ago

"labor department" Discussed on WNYC 93.9 FM

"Partly setting our hive for the week 53 it's going to be beautiful and gusty This is WNYC at 5 45 This is morning edition from NPR news I'm a Martinez And I'm Rachel Martin We're going to get our first inflation report of the new year later this morning and it's not going to be pretty folks In fact inflation is likely to continue to beat its own all time highs So the only sign of hope on the horizon is that we may be reaching peak inflation and it might start to ease off in the next couple of months So let's talk to NPR's Scott horsley about all this He's got good morning Rachel Why Scott Why is inflation still so high Well it's pretty striking Before the pandemic we had not seen annual inflation higher than 6% in over 30 years and as of today will be above 7% for two consecutive months Now that's not an all time high that is the highest inflation anyone seen since 1982 So if you're under 40 year witnessing the highest inflation of your lifetime food costs are up energy costs are up rents up and a lot of big companies that used to be reluctant to raise prices for fear of losing customers are now finding they can charge more without losing business Just this week the burrito chain chipotle said it found no resistance to a 4% price hike in December The company's sales and its profits both outpaced analyst expectations The old chipotle index So the Labor Department is making some changes today in exactly how it measures inflation what can you tell us about that Yeah every couple of years the department adjust the basket of goods and services that go into the consumer price index by looking at what people are actually spending money on And this year that routine adjustments can include people spending from 2020 when the pandemic first hit Obviously those early months the pandemic changed what people spent money on So we're going to see more groceries in the market basket now You are a restaurant meals more household goods fewer workflows In the short run economists say those changes may push the January inflation reading up a little bit the net effect over the longer term is harder to know but it is something to keep an eye on Let's just touch on the politics of this because high inflation has been a problem for President Biden's approval rating How's The White House preparing for this The White House acknowledges the total inflation is taking on family budgets and highlights its efforts to untangle supply chains increased competition and tackle long-term problems like the high cost of prescription drugs Ultimately though fighting inflation is the job of the Federal Reserve and White House spokeswoman Jen Psaki is looking to the Central Bank to start making its move with interest rates pretty quickly The Federal Reserve has purview over the independent approaches they show choose to And we certainly as the president has said he welcomes and supports their efforts to take steps They said his telegraph pretty clearly that it plans to start raising interest rates as early as March And forecasters now think the Central Bank could move pretty aggressively to hike rates would have been near zero throughout the pandemic So speaking of the fed there could soon be some new faces around the very table where interest rates are set right Who are they That's right Well President Biden is nominated three new members to serve on the fed's governing board along with chairman Jerome Powell who's been nominated for a second term and lael brainard who has been promoted to vice chair of the Senate banking committee is expected to vote on those nominations next week and it will be up to the full Senate to confirm In addition the Boston Federal Reserve bank announced yesterday that economist Susan Collins from the University of Michigan will take over as that bank's president this summer And that means Collins will be a voting member this year of the fed's rate setting committee Collins is the first African American woman to head any of the 12 regional Federal.

NPR news Rachel Martin Scott horsley President Biden WNYC White House Martinez fed NPR chipotle Labor Department Jen Psaki Rachel Scott Central Bank Jerome Powell lael brainard
"labor department" Discussed on AP News

AP News

03:38 min | 11 months ago

"labor department" Discussed on AP News

"Only Food to electronics surged last month Consumer prices in November were up 6.8% from a year earlier leading to the highest annual inflation rate in nearly 40 years The Labor Department says the jump from October was 0.8% Inflation has been up sharply during the economy's quick pandemic recovery due in part to everything from factory supply shortages to employers who have boosted pay to attract workers and then boosted prices Some economists hope inflation will peak in coming months which supply shortages gradually ease and oil and natural gas prices dropping Sagar Meghani Washington Full of president Donald Trump has lashed out at Benjamin Netanyahu for congratulating president Joe Biden on his victory in last year's election In remarks from an interview earlier this year with an Israeli journalist Trump accuses the former Israeli leader of disloyalty saying he'd helped Netanyahu in his own elections by reversing decades of U.S. policy and supporting Israel's claims to territory seized in war Trump appeared to be particularly incensed by a video released by Netanyahu on January 20 the day Biden was inaugurated in which nehru said he and Biden had a warm personal friendship going back many decades Trump is still falsely claiming the U.S. election was stolen from him I'm Charles De Ledesma A day after lying in state in the U.S. capitol former senator Bob Dole will be honored with two services in Washington There will be a private service at Washington national cathedral and a public wanted the World War II memorial President Biden plans to speak at the cathedral ceremony along with Dole's family and close friends His casket then travels to the World War II memorial for a public celebration of life featuring joint chiefs of staff chairman general Mark milley and actor Tom Hanks Dole's wife former senator Elizabeth duel will lay a wreath in his honor Dull served nearly 36 years in Congress He died Sunday at the age of 98 Mike Hempen Washington A British Appalachian court has opened the door for WikiLeaks Julian Assange to be extradited to the U.S. The court decision overturns a lower court ruling that found Assad's mental health was too fragile to withstand the American criminal justice system the U.S. had appealed the ruling challenging the argument lawyer James Lewis saying the WikiLeaks cofounder had no history of serious and enduring mental illness U.S. prosecutors have indicted Assange on 17 espionage charges and one charge of computer misuse the new ruling is likely to be appealed Charles De Ledesma London I Mike Gracia reporting the NFL is trying to tackle its minority coaching problem The NFL is America's most popular sport dominating television ratings and playing to packed stadiums but it has a problem while nearly 70% of the league's players are black only three of the league's 32 head coaches are black and minorities account for fewer than 36% of the league's assistant coaches But the NFL is working to change that dynamic In New England where coach Bill Belichick has won 6 super bowls the 2021 season began with 8 minority assistance The most ever for a Belichick led team Four of those assistants are alums of NFL sponsored fellowship programs Yeah I think.

Trump Biden U.S. Netanyahu World War II memorial Charles De Ledesma senator Bob Dole Washington Labor Department Benjamin Netanyahu chairman general Mark milley Tom Hanks Dole senator Elizabeth duel Donald Trump Joe Biden Mike Hempen British Appalachian court Washington national cathedral
"labor department" Discussed on AP News

AP News

05:59 min | 11 months ago

"labor department" Discussed on AP News

"Drama Food to electronics surged last month Consumer prices in November were up 6.8% from a year earlier leading to the highest annual inflation rate in nearly 40 years The Labor Department says the jump from October was 0.8% Inflation has been up sharply during the economy's quick pandemic recovery due in part to everything from factory supply shortages to employers who have boosted pay to attract workers and then boosted prices Some economists hope inflation will peak in coming months which supply shortages gradually easing and oil and natural gas prices dropping Sagar Meghani Washington Full of president Donald Trump has lashed out at Benjamin Netanyahu for congratulating president Joe Biden on his victory in last year's election In remarks from an interview earlier this year with an Israeli journalist Trump accuses the former Israeli leader of disloyalty saying he'd helped Netanyahu in his own elections by reversing decades of U.S. policy and supporting Israel's claims to territory seized in war Trump appeared to be particularly incensed by a video released by Netanyahu on January 20 the day Biden was inaugurated in which nehru said he and Biden had a warm personal friendship going back many decades Trump is still forced to claiming the U.S. election was stolen from him I'm Charles De Ledesma A day after lying in state in the U.S. capitol former senator Bob Dole will be honored with two services in Washington There will be a private service at Washington national cathedral and a public wanted the World War II memorial President Biden plans to speak at the cathedral ceremony along with Dole's family and close friends His casket then travels to the World War II memorial for a public celebration of life featuring joint chiefs of staff chairman general Mark milley and actor Tom Hanks Dole's wife former senator Elizabeth doell will lay a wreath in his honor Dole served nearly 36 years in Congress He died Sunday at the age of 98 Mike Hempen Washington A British Appalachian court has opened the door for WikiLeaks Julian Assange to be extradited to the U.S. The court decision overturns a lower court ruling that found Assad's mental health was too fragile to withstand the American criminal justice system the U.S. had appealed the ruling challenging the argument lawyer James Lewis saying the WikiLeaks cofounder had no history of serious and enduring mental illness U.S. prosecutors have indicted Assange on 17 espionage charges and one charge of computer misuse the new ruling is likely to be appealed Charles De Ledesma London I Mike Gracia reporting the NFL is trying to tackle its minority coaching problem The NFL is America's most popular sport dominating television ratings and playing to packed stadiums but it has a problem while nearly 70% of the league's players are black only three of the league's 32 head coaches are black and minorities account for fewer than 36% of the league's assistant coaches but the NFL is working to change that dynamic In New England where coach Bill Belichick has won 6 super bowls the 2021 season began with 8 minority assistance The most ever for a Belichick led team Four of those assistants are alums of NFL sponsored fellowship programs Yeah it was a great program It's a great opportunity for both teams and the participants in it to make a connection You know more than casualty eventually in the workplace and on the job Veteran patriot safety Devin McCourty applauds the NFL's efforts to help teams diversify on the sidelines and in the front offices I think it's time to start seeing a year in and year out Because it's the right thing to do You know I think a lot of highly qualified people haven't been given the chance and it'll be great to see you know when people are given a chance to see what they do with it It's worth noting that two former Belichick assistants who are black went on to head coaching positions in the NFL Romeo crennel guided the Cleveland Browns the Kansas City Chiefs and on an interim basis the Houston Texans Brian Flores is currently head coach of the Miami Dolphins I'm Mike Gracia A mother in Southern California is facing criminal charges for encouraging her athlete daughter to hit an opposing player The charges of battery and contributing to the delinquency of a minor were imposed on 44 year old litera shanti hunt about a month after a punch was thrown during a girl's basketball tournament Orange County district attorney Todd spitzer says there was a physical turnover play both hunt's daughter and the victim ended up on the ground and then moments later as their heading across the court mom can be heard yelling out you'd better hit her for that And hunt's daughter did a sucker punch that knocked 15 year old Lauren ham to the floor causing a concussion and bruised neck Spitzer calls it unconscionable apparent would encourage her child to engage in violence during a sporting event But one legal expert caused the charges a stretch saying prosecutors will have a tough time proving hunt's outburst was an actual command and not just an emotional response I'm Jackie Quinn AP sports I'm Josh rowntree what appeared to be a runaway in Minnesota turned into a Thursday Night Football nail biter Dalvin cook ran for 205 yards and two touchdowns but the Vikings nearly blew a 29 nothing third quarter lead They did hold on to beat Pittsburgh 36 28 Ben Roethlisberger passed for 308 yards for the Steelers now 6 6 and one Minnesota advanced to 6 and 7 on the year Tragic news in the NFL world is four time pro bowler and two time all pro wide receiver Damarius Thomas was found dead in his home in Roswell Georgia Thomas played 8 and a.

U.S. Trump Biden NFL World War II memorial Mike Gracia Netanyahu Charles De Ledesma senator Bob Dole Washington Mark milley Tom Hanks Dole Dole senator Elizabeth doell Mike Hempen British Appalachian court WikiLeaks American criminal justice
"labor department" Discussed on AP News

AP News

03:39 min | 1 year ago

"labor department" Discussed on AP News

"And clearance prices exclusions applied Things from food to electronics surged last month Consumer prices in November were up 6.8% from a year earlier leading to the highest annual inflation rate in nearly 40 years The Labor Department says the jump from October was 0.8% Inflation has been up sharply during the economy's quick pandemic recovery due in part to everything from factory supply shortages to employers who have boosted pay to attract workers and then boosted prices Some economists hope inflation will peak in coming months which supply shortages gradually easing and oil and natural gas prices dropping Sagar Meghani Washington Full of president Donald Trump has lashed out at Benjamin Netanyahu for congratulating president Joe Biden on his victory in last year's election In remarks from an interview earlier this year with an Israeli journalist Trump accuses the former Israeli leader of disloyalty saying he'd helped Netanyahu in his own elections by reversing decades of U.S. policy and supporting Israel's claims to territory seized in war Trump appeared to be particularly incensed by a video released by Netanyahu on January 20 the day Biden was inaugurated in which Netanyahu said he and Biden had a warm personal friendship going back many decades Trump is still forced to claiming the U.S. election was stolen from him I'm Charles De Ledesma A day after lying in state in the U.S. capitol former senator Bob Dole will be honored with two services in Washington There will be a private service at Washington national cathedral and a public wanted the World War II memorial President Biden plans to speak at the cathedral ceremony along with Dole's family and close friends His casket then travels to the World War II memorial for a public celebration of life featuring joint chiefs of staff chairman general Mark milley and actor Tom Hanks Dole's wife former senator Elizabeth Dole will lay a wreath in his honor Dole served nearly 36 years in Congress He died Sunday at the age of 98 Mike Hempen Washington A British appellate court has opened the door for WikiLeaks Julian Assange to be extradited to the U.S. The court decision overturns a lower court ruling that found Assad's mental health was too fragile to withstand the American criminal justice system the U.S. had appealed the ruling challenging the argument lawyer James Lewis saying the WikiLeaks cofounder had no history of serious and enduring mental illness U.S. prosecutors have indicted Assange on 17 espionage charges and one charge of computer misuse the new ruling is likely to be appealed Charles De Ledesma London I Mike Gracia reporting the NFL is trying to tackle its minority coaching problem The NFL is America's most popular sport dominating television ratings and playing to packed stadiums but it has a problem while nearly 70% of the league's players are black only three of the league's 32 head coaches are black And minorities account for fewer than 36% of the league's assistant coaches But the NFL is working to change that dynamic In New England where coach Bill Belichick has won 6 super bowls The 2021 season began with 8 minority assistance The most ever for a Belichick led team Four of those assistants are alums of NFL sponsored fellowship.

Netanyahu Trump Biden America World War II memorial Charles De Ledesma senator Bob Dole Washington Labor Department Benjamin Netanyahu chairman general Mark milley Dole Tom Hanks Dole senator Elizabeth Dole Donald Trump Joe Biden Mike Hempen British appellate court
"labor department" Discussed on 77WABC Radio

77WABC Radio

03:16 min | 1 year ago

"labor department" Discussed on 77WABC Radio

"Truth I never saw this date Back in 2020 I never thought this day would come But God is good Prosecutor Linda donakowski says justice prevailed Three system works in this country And when you present the truth to people and they can see it they will do the right thing And that's what this jury did today Auburn's death sparking national outrage after a video of his shooting was made public Former president Trump said he was recently visited at Mar-a-Lago by Kyle rittenhouse after being acquitted in his murder trial less than a week ago Trump speaking about the meeting on Fox News's Hannity last night He's a really good young guys 18 years old just left Mar-a-Lago a little while ago And he should never have been put through that A jury last Friday clearing rittenhouse after he finally shot two men and wounded a third in Kenosha Wisconsin last summer It appears Trump organization chief operating officer Matt calamari will be having a Happy Thanksgiving multimedia outlets reporting calamari will not be indicted by the Manhattan prosecutor's office as part of an investigation into the Trump organization Federal money is from the infrastructure Bill will kickstart the long delayed second avenue subway project Here's governor Kathy hoko And we are very very anxious and pressing the administration hard to grant our request which is in Department of Transportation to include the construction of three new subway stations at the 106th street 116th street and 125th street here in Harlem Plans are to extend the line connecting 96 to 125th streets three new subway stations will be built the new Q line extension will connect to election can avenue and metro north As of last week the number of Americans applying for unemployment fell by 71,000 to 199,000 that is the lowest level of jobless claims in 52 years economists say it's a sign the U.S. job market is rebounding from last year's coronavirus recession The U.S. Labor Department says seasonal adjustments around the Thanksgiving holiday contributing to the drop Today the busiest travel day of the year are a says with 53.4 million people traveling through the Thanksgiving holiday That's up 13% from last year Travel is almost at pre-pandemic levels As tempted as you might be to get out of work you know three o'clock in the afternoon and grab the kids and jump in the car that might put you right in the traffic You might be better if you wait until after 9 p.m. that day And when you're returning on Sunday after Thanksgiving back home if you can get on the road before noon you may find less traffic than those that wait into the afternoon to start heading home The TSA screening over 2.2 million people at airport security checkpoints nationwide on Tuesday Thanksgiving Day parade stepping off at 9 a.m. tomorrow morning from Central Park west and 77th street down to 6th and 34th Temperatures are expected to be mild forecast coming up And that's in Boston islanders host the rangers Devils host Minnesota You forecast in the Ramsey Mazda where the center partly Claudia tonight low 37 Thanksgiving Day partly sunny high 54 From the 77 WABC midtown.

Linda donakowski Kyle rittenhouse Trump Matt calamari Manhattan prosecutor's office Trump organization Federal mon Kathy hoko Trump organization rittenhouse Lago Hannity Kenosha Auburn U.S. Labor Department Fox News Wisconsin Department of Transportation Harlem U.S.
"labor department" Discussed on WMAL 630AM

WMAL 630AM

08:17 min | 1 year ago

"labor department" Discussed on WMAL 630AM

"Crime of sex trafficking wouldn't exist We must address the issue of demand to create a culture where the buying and selling of human beings for someone's sexual gratification isn't accepted as normal behavior In its simplest form demand for sex trafficking is men buying sex whether they know that person is trafficked or not This sex buying behavior causes the illicit sex trade which includes the sex trafficking of minors Any child under the age of 17 being prostituted is a victim of sex trafficking Buying them constitutes rape Demand or sex buying is a behavior that reflects sexism in our culture and says women can be objectified and commodified that sexual access constitute sexual conquest If there were no buyers there'd be no victims and therefore no sex trafficking To learn about stopping the demand for commercial sex visit truckers against trafficking dot org to see what you can do Breaking news the inside story on Washington's mall WM where Washington comes to talk It's Eric Harley and Gary McNamara all might suck it up Red eye radio And he's there Carl and I'm Gary McNamara 8 6 6 9 so you're ready for inflation Here we go Okay Inflation across the board Skyrocketed in October hitting its highest point in more than 30 years The Labor Department reported on Wednesday The consumer price index which is products ranging from gasoline to healthcare to groceries rents rose 6.2% from a year ago the most since December of 19 90 Hey Gary Did you ever think we'd say gas prices so high in California it's up close to four 50 a gallon Yes we have seen them this high before but yes mister president 2008 but he did sound clueless on that He sounds clueless on everything On a monthly basis the consumer price index increased .9% In one month against the .6% estimate I just love this Stripping out the volatile food and energy prices We don't pay attention to the things you spend most of your money on the so called core CPI was up .6% against an estimated .4% That shows you where it's going Annual core inflation ran at 4.6% pace compared to the 4% expectation and the highest since August of 1991 Fuel prices soared 12.3% for the month Part of a 59.1% increase over the past year energy prices overall rose 4.8% I was reading an article that says main is expecting in did I say this Ah I say that Good Listen to this Here we go You know what's to come Citizens of May are likely to see the rate they pay for home electricity increase in some cases by a considerable amount This was from Associated Press the main public utilities commission recently provided possibilities about upcoming power rates to the main legislature The agency spokesperson said the final numbers and available However a majority of main residents could see their rate go up between 60 and 80% the Portland press Herald reported under expected increases The cost of power would climb about about $20 to nearly $53 a month for electricity That does be three a month 53 a month Yeah Doesn't make any sense at all I don't know but I'm moving there Yeah Rick Simon chief executive of the competitive energy services in Portland said a price bump is not only possible It's almost certain that's just a part of check that figure there of $20 to $53 a month I mean you're not using any electricity If that's the case is it that on a good month now I do have a pool pump Which uses a little bit but I didn't have the pool pump still even when my air conditioning is a non electricity would still be okay I can see it maybe It might be $60 a month if I wasn't using much Okay Because I'm max out for electricity This year I think I maxed out at I had one month 210 bucks And it used to be even going back a few years back I remember having some $460 but with electricity deregulated here And getting to more efficient air conditioning and eating system I think that helped a little bit But so if I didn't have that or the pool pump is a pool pump but even during like right now it's only on an hour a day but that probably uses a little bit Might use 50 cents a day I don't know So which would make a difference But used vehicle prices again were a big contributor rising 2.5% in the month and 26.4% over the period of the last year New vehicle prices were up 1.4% for the month and 9.8% over the past year Food prices up almost a percent in one month within the food category meat poultry fish and eggs collectively rose 1.7% for the month and 11.9% year over year What about tofu Did they mention tofu In a separate report the Labor Department said real wages after inflation fell a half of a percent in one month Great Did you see worse I reading it Who put in was it was it Minneapolis Popped into my mind now Somebody put in rent control where you can only go up 3% Oh I know where it is I know where it is The rent control again backfires in St. Paul All right so close to Minneapolis voters put in a 3% cap You'll never guess what developers did next They're pulling out Yeah the vile is under lessons never learned Voters in St. Paul last week approved a ballot initiative 53% to 47% to impose strict rent control The cap on increases will be 3% a year regardless of chains of occupancy and with no exceptions for new construction or mom and pop landlords What happened next should be no mystery one developer has already pulled applications for three buildings a representative told the same Paul pioneer press Another loss to major investor in an apartment building he's trying to get off the ground Who could have foreseen it Other than basically every economist with a pulse if a city's housing supply can not grow to meet demand the natural result is at prices go up Artificial caps and produce shortages and other distortions such as dilapidated properties at landlords don't have an incentive to renovate Right The St. Paul initiative says the city will create an appeals process to let developers break the 3% cap if it's necessary to provide a fair return on investment got it BioPharma There's that word fair Got it File forms in triplicate and maybe you'll be allowed a fair profit however you define that They culprit here as mayor Melvin Carter who said before the election that he vote yes on the initiative and then work to make it better So you are going to break the system and then I'll work to make it better His administration wants the city council to pass a clarifying amendment to exempt new construction from the 3% cap.

Gary McNamara Eric Harley Hey Gary Labor Department main public utilities commissi Rick Simon competitive energy services Washington
"labor department" Discussed on Talk Radio 1190 KFXR

Talk Radio 1190 KFXR

01:41 min | 1 year ago

"labor department" Discussed on Talk Radio 1190 KFXR

"And ordering the Labor Department to compel companies employing 100 people or more to force them to get vaccinated, or at least undergo weekly testing. This is not about freedom for personal choice. It's about protecting yourself and those around you. The people you work with many congressional Republicans are blasting the president's orders as unconstitutional. Several states say they will try and block them. Nebraska's governor, Pete Ricketts, telling Fox's the Ingram angle Nebraska will push back fight back with any tool we can find against this huge and stunning overreach of federal power Republican National Committee says it will sue to stop the president from making people get vaccinated. Meanwhile, the administration is suing the state of Texas, claiming its newly enacted abortion restrictions are unconstitutional. The additional and further risk here is that other states Will follow similar models with respect, not only to this constitutional right But theoretically against any constitutional rights Attorney General America Garland of the lawsuit also asks the court to stop Texas from enforcing the law banning abortion once a fetal heartbeat is detected. President Biden spoke by phone with China's President Xi Jinping for about an hour and a half last night, but a range of issues, including the pandemic. Conversation characteristics both familiar and candid. The all clear has been sounded at Ohio's Wright Patterson Air Force Base lockdown for several hours last night after reports of an active shooter triggered when some employees thought they heard gunfire could have been a number of things that have made a sound. That would have caused somebody to believe that that was a gunshot, But at the end of the day, they thought they heard a gunshot. They did the right thing. Colonel Patrick Miller, the 88.

Pete Ricketts President Republican National Committee 100 people Fox Labor Department Texas Ohio 88 Attorney General America Garla President Xi Jinping last night Colonel Patrick Miller Republicans Wright Patterson Nebraska states both a half China
"labor department" Discussed on NPR's Story of the Day

NPR's Story of the Day

03:09 min | 1 year ago

"labor department" Discussed on NPR's Story of the Day

"Businesses are offering hiring bonuses and at least four states are offering a bonus to everyone who goes back to work. What's going on. Npr's chief economics correspondent scott. Horsely is with us to explain. Good morning scott. Good morning so we are having this discussion part because we get new jobs numbers this morning. What are we expecting or we expect to see stronger job growth in may than we saw in april. But that's not saying much. The april report showed that employers added just two hundred sixty six thousand jobs that month. That's about a quarter of what forecasters had expected. And at the time. That really was a head scratcher. Because there's no question. Businesses need more workers. Pandemic fears are starting to fade newly vaccinated. Americans are flocking restaurants and amusement parks in movie theaters. We got an index of service sector activity just yesterday and it showed businesses growing at a record pace. Anthony davis compiles that index for the institute for supply management. Here's how he paints the picture up demand just real. I think it's almost like a jailbreak. People are looking to get out and do things and definitely the demand is exceeding the supply. So that should translate to a lot more hiring. If it doesn't then they're going to be a lot more questions for sure and already. There is one big question. Which is why are employers having trouble. Finding people to hire one million people are unemployed. Will that is the puzzle as you said and there are a number of possibilities work here. Some workers might be wary of taking jobs for health reasons especially if they or people in their household or not yet vaccinated and if they'd be working closely around other people who aren't vaccinated. Some people might be busy caring for children who are not doing in person schooling right now. Maybe they're caring for other people who've been affected by the pandemic and a third factor that some businesses point to are those enhanced unemployment benefits That the federal government's offering including an extra three hundred dollars a week. Those benefits could make a job less attractive especially in a low wage industry like a restaurant or hotel and as a result. We now have twenty-five states with republican governors that have announced plans to cut those benefits off early In fact some as early as next week now most those states announced plans to phase out the enhanced jobless benefits after that disappointing april jobs report if there's another lackluster jobs number today. Expect republicans to use that as a cuddle against a congressional democrats and the biden administration. What's in the job numbers today that we should really pay attention to that. Might tell us something. We'll certainly look at who is entering and leaving the workforce in april for example. A lot of women dropped out of the workforce while a lot of men came in. We did get some good news yesterday. New weekly claims for unemployment fell to their lowest level since the pandemic started but as of mid-may there were still more than fifteen million people receiving some kind of jobless assistance. You know the us economy is definitely on the man. But we're a long way from replacing all the jobs that were lost during the pandemic. npr's chief economics correspondent scott. Horsely thank you scott. Good you support for this..

Anthony davis april yesterday twenty-five states scott next week republicans two hundred sixty six thousand mid-may today one million republican one big question third factor this morning Npr congressional more than fifteen million peop three hundred dollars a week may
"labor department" Discussed on AP News

AP News

01:32 min | 1 year ago

"labor department" Discussed on AP News

"Now is if you don't like who Loaded and that should be out of balance. I'm Ben Thomas to students in the school custodian have been injured in a shooting at a middle school and Rigby, Idaho. Police say the shooting suspect, also a student, is in custody. None of the injuries were thought to be life threatening. The Dow sets another closing record up 318 points to close to 5 34,048 S and P 500 close just above 4200 points. This is AP News The Labor Department reports another drop in first time jobless filings last week's total was the lowest of the pandemic 498,000 applications for jobless benefits. That's still more than double the usual pre pandemic level. But the sharp declines signal the job market is getting stronger as virus restrictions are lifted, and businesses reopen. Analysts predict. Tomorrow's monthly jobs report will show the economy added nearly a million jobs last month similar to March is total. The recovery that was happening so fast that many companies, especially restaurants, cannot find enough applicants to fill available spots. Others are boosting pay to attract more people. SOCCER Megane Washington The Interior Department is restoring protections for wild birds, including prosecuting bird deaths caused by industry that were ended in the final days of former President Donald Trump's administration. I'm Tim McGuire, AP News Breaking up is hard to do. But when it comes to.

Ben Thomas Tim McGuire March last month President last week Tomorrow Megane Washington 5 34,048 S 318 points 498,000 applications Labor Department AP News Interior Department first time above 4200 points a million jobs Dow Donald Trump more than double
"labor department" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:04 min | 2 years ago

"labor department" Discussed on Bloomberg Radio New York

"There's impeachment trial reports now today that the article and picture always sent over on Monday to the Senate. Yeah, well, look, I think you have to be able to do two things at one time. Most organizations don't get the luxury of just handling one thing and ignoring the rest of the world. And I think Congress is nimble enough and adept enough. And now with the leadership they have. I think they could do both. I think they can. Quickly confirm the president's cabinet. He's entitled to that. That should be done quickly to work on the American rescue plan on Keep Going after Kogod all the things that we have to do to get coated under control, and then the American rescue plan to start growing. It's out of it. I think they could do that, in addition to doing the impeachment trial that they're mandated to do so, Richard, let's turn back to our conversation We're having before Mr Ji started his briefing, and that is the changes. We're seeing the department labor in personnel a lot of changes being made by the by administration. And what that means for organized labor going forward. In the longer term, we have the immediate crisis. But then, of course we have the longer term issues. Of course we do. They look I under President Trump. The Department of Labor was designed T O keep workers from getting a voice on the job. You know or be with stacked with union busters they were department itself was the head of the secretary of labor was a union buster in his past life, so they were there to hurt workers. Labor Department is there to protect the rights of workers and the law of the land, says Who encouraged the process of collective bargaining. Rob Peter Robb spent three years attacking that process. And the president said right off the bat. New games in town. We're actually going to comply with the spirit of the law. We're going to encourage collective bargain. That's very, very important. It'll give workers a chance to get a voice look. 60 million workers. According to M. I t say they were joining union today, if given the opportunity, and they can't get the opportunity because the antiquated labor laws that we currently have Were drafted in the 19 forties, and they're no longer applicable there used right now to keep wages down to keep benefits down to keep job security and pensions sound. We need to change them. So we're pushing for the Pro act. Which would actually re balance the scale and actually protect the workers and help them get a stronger voice on the job helps them get better wages, better benefits, better pensions and more economic security. That is what's needed in this economy, and that's what we'll start to shrink. Any quality growing inequality that we've seen today. Which takes us to a key question, Which is how much of what you and I have. You represent organized labor Right now you need and want can be done by personnel by regulation. And what do you need to get statutes passed for Because those as you know, so well are two very different things in Washington. Well, there are scores David of executive orders that the president did that hurt workers and hurt workers rights, whether it's collective bargaining, whether it's a union election. Wanted to collect the barking of federal employees are health and safety so he could get rid of all of those with executive orders, and he is in the process of doing that. The big thing that needs to be done. Yes. We need to get rid of the antiquated labor laws as they said they were written in the 19 forties and are being used to keep wages, benefits and retirement benefits down. That means the probe act that will take legislation. We have to replace the old cast. Hartley Act with a new act that is modern and up to date and well, actually protect and advance the rights of workers not be used to suppress them. We don't want to turn to Marty Walsh s somebody that you said you think is going to do a very good job. Isa, Secretary of Labor and a peace out I found fascinating and, well, we're just today by Julia back Saying that he may have. The answer was called the she session. I mean, it's interesting fact I had missed. I think that employers cut 140,000 jobs in December, and women accounted for 156,000 of them. That is the same. More than all those job losses were women and particularly Black Latino women. What do you expect out of department They were going forward, specifically addressing this issue of the loss of women's jobs, and particularly for black and Latinos. Well, Marty's done a great job as mayor. I've been in Boston, but Marty understands the importance of everything helping safety and power for workers. He also has committed Committed completely to helping the people that have been suppressed and hurt. The most. This pandemic is shown the real weaknesses, a shortcoming gin in our economy. People of color have gotten hurt more They've gotten infected more. They've died more. They've lost more jobs and their wages and benefits have been more effective. We have to correct that as a society. Marti understands that process and will lead us in a in an attempt to correct all those things. Some may require some legislation, but a lot of it can be done. Simply having somebody who was talking directly on adamantly in favor of that to the people who control it in the next employers in this country. All right, Richard. I really appreciate you being with us for so long today and waiting through that press briefing was great to have you this particular day. That's Richard Trump to He's the president of the FL CEO Coming up a member of President Trump's Covert task force. Joe Grogan gives us his review of the Biden vaccination plan that was laid out yesterday. That's next on balance of power. And.

president President Trump Marty Walsh Department of Labor Labor Department Richard Secretary of Labor Senate Congress Rob Peter Robb executive secretary Marti Mr Ji Joe Grogan Boston Washington Biden David FL
"labor department" Discussed on KOMO

KOMO

05:47 min | 2 years ago

"labor department" Discussed on KOMO

"With Taylor and Science ability. Let the editor's Desk a Senate committee discussing President Biden's pick of Pete footage. To run the Department of Transportation as as arguments were made today. Meanwhile, House Speaker Nancy Pelosi still keeping when she'll send the article of impeachment to the Senate under wraps, telling reporters that now former President Trump added fuel to the mob attack. The mob that attacked the U. S Capitol on January 6th and must be held accountable. Trump is in Florida today for his first full day of the post presidential life. As for what's next For president, the Palm Beach State attorney general State attorney Rather Dave Aronberg has a theory. He believes Trump will use his resort as the headquarters of his make America great again platform and will likely continue to seek media attention. Nobody's time. 11 16. The number of Americans seeking unemployment benefits fell slightly last week to 900,000 still and historically high level that points to ongoing job cuts in a raging pandemic. With more on those numbers, I'm joined by bankrate dot com senior economic analyst Mark Hamrick. Thanks was always for being with us. Mark come this Labor Department report underscoring that President Biden isn't hearing inheriting an economy that really has Falter, though the virus cases a spike. The cold weather is restricting dining and federal rescue aid expiring. Yeah, I suppose for the incoming administration, the good news and the bad news is they're in the process of owning all that's right. And I guess for the buck stopping There. But obviously what this flurry of executive orders that Biden sign both yesterday and say, isn't tempting, I think for the federal government also try to own more pandemic response and You know you're hearing criticism essentially from them that what they hear it in the sense of a plan on back distribution was not existent. We got some guess glimmers of that in the last week or so when You know, there was this notion of relief in the second round the vaccine and then surprised prize. There was no second round. And so the reality is they have to address the pandemic before the economy begins to heal. That's how they gets lined up. The things that we work about work on all the time here bank rate and so to see in total more than a million new claims in the 44th week of this downturn just continued to communicate why this is an ongoing economic crisis as well. The health crisis With 5.1 million Americans continuing to get state jobless benefits, according to the Labor Department. That would seem to indicate some are finding jobs. But others air probably Burning through those state benefits and trying to find more extended benefit programs. That's right. And that's another of the aims of the Biden administration through the legislation that it's proposing with that 1.9 trillion is basically to kick that can all the way for the fall as the federal government is fully funded until the end of the fiscal year on then, obviously the hope that as more people are vaccinated, the economy begins to reopen. Then you have businesses have become healthier can bring people back on with leisure, hospitality bars and restaurants, retail and travel related businesses being those that have been most adversely affected the you think also, I know this is near and dear to your heart about life sports as well as entertainment. You know, none of us. At least I'm not going to any movie theaters and certainly no Baseball game. So is all that opens up. You know the economy can heal, but we have to get the we have to get the vaccines out there. What kind of numbers are we traditionally looking at at this point in the year with no pandemic and involved is it's still a pretty grim period anytime any at any rate. No, no, not at all. You know that there you might lose some retail workers who began toe lose their seasonal employment. But you know, you actually probably tend to have more volatility either in the fall or the summer associate ID with Education, jobs or auto plant retooling the end of travel fees and depending on where one is located, But you know, in the past, just to bring this back around, we would have had roughly 202 150,000 new claims for unemployment benefits have to have this total of the one and a quarter million. That's obviously five times above what we typically would have seen in the past. But also having had that re occur over eight months. Or should say, 10 months with half here. Always appreciate breaking down the numbers for us Mark. Thanks again. That is make right dot com senior economic analyst Mark Hamrick Commoners have 11 21 update your money news that 20 and 50 past each hour tried to do so. Now, with the propel insurance business update, the CDC will extend in order preventing landlords from evicting tenants to March 31st. Protecting as many as 40 million people from displacement. A study by investment firm Stout estimates up to 14 million households could already be close to eviction. With the rental shortfall of more than $24 billion. The order was set to expire on January. 31st. Someone is waking up quite a bit wealthier this morning. The history making run of the Powerball jackpot came to an end last night with one winning ticket sold in Maryland. The $730 Million prize was the fourth largest in the game's history. Another chance at a massive payout awaits tomorrow night. The mega millions. Jackpot is balloon to $970 million, the third largest in U. S history. That's your money now today on Wall Street Ways mixed earlier, but we're doing rather nicely now with it now up to 43 Point game for the day to 2 31,031. The NASDAQ has been up most of the day already, and it's now Up 83 points 113,000 rather 5 13,040 overall and the S and P 500 again of almost seven points at 38 58 your propel insurance Business update Come on, Whose time 11 21. Information is.

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