Author: Leslie Stewart

A job seeker holds a flyer during the annual Bronx Job Fair & Expo held by the New York Public Library at the Bronx Library Center on September 6, 2024 in the Bronx, New York City.Yuki Iwamura | Bloomberg | Getty ImagesThe unemployment rate for black women fell in December, following a surprising rise in November.Overall, nonfarm payrolls far exceeded expectations in December, increasing by 256,000 jobs in the month, compared to economists’ expectations of a 155,000-job gain, according to Dow Jones. The unemployment rate fell to 4.1%, demonstrating the resilience of the labor market. The statistics have fueled expectations…

December’s jobs report showed another month of stronger-than-expected growth, with gains across sectors of the U.S. economy.Data from the Bureau of Labor Statistics shows health care and social assistance jobs had the largest growth for the third consecutive month last month, with payrolls increasing by 69,500 jobs. If private education were included, the growth in the medical group would have increased by 80,000 people, some economists say.Retail added 43,400 jobs last month, while leisure and hospitality added 43,000 jobs, making it the second and third largest increase. According to the BLS, retail jobs can occur both inside and outside of…

Job growth in December was much faster than expected, likely giving the Federal Reserve less incentive to cut interest rates this year.Nonfarm payrolls rose by 256,000 for the month, up from 212,000 in November and beating the Dow Jones consensus estimate of 155,000, the Bureau of Labor Statistics said Friday.The unemployment rate fell slightly to 4.1%, one-tenth of a percentage point lower than expected. Alternative measures, which include disengaged workers and those taking part-time jobs for financial reasons, fell by 0.2 points to 7.5%, the lowest level since June 2024.Stocks fell sharply on the news, while U.S. Treasury yields rose…

On Friday, the New York state judge who handled Donald Trump’s hush-money lawsuit handed down the president-elect’s “unconditional release.” This means that although he is currently a convicted felon under New York state law, he will not face any further punishment.”This is a very bad experience,” Trump said, speaking remotely from his Florida home when he was allowed to address the justices.”It was done to defame me and make me lose the election,” he said. “I am completely innocent. I did nothing wrong,” he insisted.The ruling was handed down just 10 days before Trump was sworn in as the 47th…

overviewThe Los Angeles-area fires are a worst-case scenario, caused by high winds after months of no rain. Fire experts, past reports, and risk assessments all predicted wildfire catastrophe to some degree. The geography and weather of the affected areas, combined with climate change and suburban sprawl in fire-prone areas, created a vulnerable situation. For the Los Angeles area, the recent series of wildfires represents the worst-case scenario. After months of no significant rain, unusually strong and prolonged Santa Ana winds hit. But the severe effects of the fires are surprising, according to an NBC News review of past fire post-mortem…

December’s jobs report is likely to provide limited clarity on where the labor market is headed, with experts divided on how pronounced the slowdown in employment will be.Economists consensus predicts that the Bureau of Labor Statistics will report a 155,000-job increase in nonfarm payrolls on Friday morning, down from November’s surprising 227,000-job gain. This is almost in line with the four-month average. The unemployment rate is expected to remain stable at 4.2%.However, the details of the report matter, and some on Wall Street expect the number could be a little lower, depending on how seasonal trends and other factors play…

President Jimmy Carter will be honored with a state funeral Thursday, capping days of honoring the contributions of a man who remained an influential leader on the world stage even after leaving office. Carter, who died late last month at the age of 100, was interred this week in the Rotunda of the Capitol. His casket will be moved from the Capitol with his family to the Washington National Cathedral for his funeral. President Joe Biden is expected to pay his respects there. Condolences from former President Gerald Ford and former Vice President Walter Mondale will also be delivered by…

WASHINGTON – A former FBI informant who fabricated a story about President Joe Biden and his son Hunter accepting bribes at the center of the Republican impeachment effort was sentenced Wednesday to six years in prison.Alexander Smirnov pleaded guilty in Los Angeles federal court last month to tax evasion and lying to the FBI about a bogus bribery scheme that prosecutors say was an attempt to influence the outcome of the 2020 presidential election. .Smirnov, who holds dual U.S. and Israeli citizenship, falsely claimed to FBI agents that executives at Ukrainian energy company Burisma paid then-Vice President Joe Biden and…

WASHINGTON – Special Counsel Jack Smith has handed over his completed final report on two investigations that resulted in felonies against President-elect Donald Trump to Attorney General Merrick Garland, who plans to release portions of it publicly. announced the Ministry of Justice. Submit on Wednesday.The filing was made by the Justice Department separately from Smith’s office and temporarily blocked the release of a report on Trump’s handling of classified documents by U.S. District Judge Eileen Cannon, a Trump appointee. It was done after. Cannon is the Florida judge who dismissed the charges against Trump, upholding the argument that Smith’s appointment…

US President-elect Donald Trump speaks at Mar-a-Lago in Palm Beach, Florida, USA on January 7, 2025.Carlos Barria | ReutersPresident-elect Donald Trump is considering calling a national economic emergency to implement sweeping tariff policies, four sources familiar with the matter told CNN.A declaration of this nature would give Trump the authority to create the tariff program he made the apex of his White House campaign through the International Economic Emergency Powers Act, CNN reported. The law, also known as IEEPA, authorizes the president to oversee imports during times of national crisis.Stock futures fell after CNN’s report Wednesday morning, and the U.S.…