Weekly Jobless Claims Edge Up to 199,000 as Layoffs Stay Low
New claims rose by 1,000. The four-week average remains near historically low levels, pointing to a still-stable labor market.
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September Retail Sales Jump 0.8% as Higher Gas Prices Pad the Total
The gain beat forecasts, but spending outside gasoline looked only moderate, tempering hopes for another blockbuster consumer quarter.
Inflation Jumps to 3.7% in September as Gas Prices Surge
Consumer prices rose 0.6% in a single month, the fastest pace in a while, raising the odds of a Fed rate hike and adding pressure ahead of the midterms.
Fed Minutes Show Most Officials Expected Another Rate Hike by Year-End
The September meeting minutes, released Oct. 7, cited elevated inflation and energy prices. The 10-year Treasury yield hit its highest level since 2002.
Dockworkers Begin Historic Strike on East and Gulf Coasts, Halting Half of U.S. Ocean Shipping
In a significant move that marks the first large-scale strike by dockworkers in nearly 50 years, members of the International Longshoremen’s Association (ILA) have halted operations across East Coast and Gulf Coast ports starting early Tuesday morning. This strike, which began at 12:01 a.m. ET, impacts about half of the nation’s ocean shipping, blocking vital…
Arizona’s Workforce Evolution | Economic and Development Challenges
The Impact of Automation and Technology In recent years, Arizona’s workforce has been undergoing a profound transformation as automation and technology continue to reshape industries across the state. This shift brings both opportunities and challenges, affecting workers from various sectors. Potential Job Displacement The rise of automation poses a significant risk of job displacement for…