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CNN —The House has passed a major federal aviation bill that aims to improve aviation safety, enhance protections for passengers and airline workers and invest in airport and air travel infrastructure nationwide. The bill renewing the Federal Aviation Administration’s authority for five years will next head to President Joe Biden to be signed into law. Setting a standard for travel creditsUnder the bill, travel credits issued by airlines in lieu of refunds would have to be useable for at least five years. Increasing cockpit voice recordingCommercial aircraft would have to carry 25-hour cockpit voice recorders under the legislation. The cockpit voice recorder is one of the two black boxes and is currently only required to capture two hours of sound from the cockpit.
Persons: Joe Biden, John F, Republican Sen, Josh Hawley of, Democratic Sen, Elizabeth Warren of Organizations: CNN, Federal Aviation, FAA, National Transportation Safety, Reagan National Airport, American Airlines, Delta Air Lines, Department of Transportation, Republican, Democratic, Transportation, Administration, NTSB Locations: Washington, Kennedy, New York City, Josh Hawley of Missouri, Elizabeth Warren of Massachusetts
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Using this status, they could access a special security lane at John F. Kennedy International Airport without undergoing typical passenger screening procedures. Advertisement"Flight attendants are ideal for smuggling bulk cash" for this reason, a Homeland Security Investigations special agent wrote in the indictments. Related storiesThe pair believed the money was the proceeds of narcotics trafficking and needed to be transported, according to the indictment. AdvertisementHe said the investigation "exposed critical vulnerabilities in the airline security industry" and has "illuminated methods that narcotics traffickers are utilizing."
Persons: , — Charlie Hernandez, Sarah Valerio Pujols, Emmanuel Torres, Jarol Fabio, John F, Damian Williams, Hernandez, Pujols, Torres, Fabio, HSI, Ivan J, Arvelo Organizations: Service, Business, US, Office, of, Transportation Security Administration, Kennedy, Homeland Security Investigations, Pujols, Customs, Border, JFK, Delta Airlines, NBC News, Delta Locations: New York, Dominican Republic, Southern, of New York
A bipartisan group of senators is pushing to halt the expansion of facial recognition technology at airports in the United States and restrict its use as part of the Federal Aviation Administration reauthorization bill that is making its way through Congress. Citing privacy concerns, Senators Jeff Merkley, Democrat of Oregon, and John Kennedy, Republican of Louisiana, are proposing to block the expansion of the technology until 2027 and require the transportation security administrator to make clear that passengers can opt out at airports where it is in use. With a Friday deadline for renewing the aviation law, the proposal is among the amendments likely to get a vote before the bill can pass. The Federal Aviation Administration is planning to expand facial recognition technology to more than 430 airports, from 25, as part of an effort to speed up the check-in process. Using kiosks with iPads affixed to them, passengers have their photographs taken and matched to an image from a government database instead of presenting a physical identification card.
Persons: Jeff Merkley, John Kennedy Organizations: Federal Aviation Administration, Republican Locations: United States, Oregon, Louisiana
A passenger was caught with a bag of snakes in their pants at Miami International Airport. AdvertisementA passenger was caught trying to smuggle a bag of snakes onto a plane at Miami International Airport last month. Transportation Security Agency officials said officers detected the small bag "hidden in a passenger's pants" on April 26. Officers at @iflymia detected this bag of snakes hidden in a passenger’s pants at a checkpoint on Fri, April 26. pic.twitter.com/CggJob8IT8 — TSA_Gulf (@TSA_Gulf) April 30, 2024Upon discovering the reptiles at a security checkpoint, the TSA called in the police and Customs and Border Protection.
Persons: , Oakley, @TSA, Kanitha, frontliners Organizations: Miami International Airport, Daily Mail, Service, Transportation Security Agency, Miami - Dade Police, Florida Fish and Wildlife Conservation Commission, TSA, Customs, Florida Fish and Wildlife Conservation, Guardian, Airlines, Protection Locations: Asia, Miami, Thailand, Southeast Asia, South Asia
CNN —Four Americans are charged with possession of ammunition offenses in the tropical Atlantic getaway of Turks and Caicos, according to a post from the Turks and Caicos Islands Government. Carrying firearms in Turks and Caicos is prohibited, according to the TCI Government. Another man visiting Turks and Caicos from Pennsylvania is set to appear before a TCI court Friday on similar charges, according to CNN affiliate WPXI. Two additional Americans – a 31-year-old from Virginia and a 72-year-old from Texas – are also facing lengthy prison sentences for possessing ammunition, according to the TCI Government. Firearms, ammunition (including stray bullets), and other weapons are not permitted in the Turks and Caicos Islands (TCI).
Persons: Ryan Watson, Watson, Valerie, , Valerie Watson, , Bryan Hagerich, Hagerich, Ashley, ” Ashley, WPXI, ” Hagerich, CNN’s Michael Rios, Tanika Gray, Forrest Brown Organizations: CNN, Turks, Caicos, Caicos Islands Government, TCI Government, British Overseas Territory, Embassy, Howard Hamilton International Airport, TCI, TSA, Will Rogers, Airport, WPXI, , Transportation Security Administration, US State Department, British Overseas, State Department, United States, Firearms, Caicos Islands Locations: Caicos, Caicos Islands, Bahamas, Providenciales, Oklahoma, America, Oklahoma City, Turks, Pennsylvania, Virginia, Texas, United States, United
New York CNN —Clear is a service that lets people skip the security line at airports with nothing but a biometric scan and $189. Clear, a publicly-traded security company, lets members jump the line at airports, sports, concerts and other venues. About 10% of California travelers are Clear members, according to a legislative analysis of the bill. The bill, which appears to be the first in the United States, won’t block Clear at California airports, Newman said. But Clear, and major airlines like Delta, California airports, and business groups like the California Chamber of Commerce oppose the bill.
Persons: Gavin Newsom, ” Sen, Josh Newman, ” Newman, Newman Organizations: New, New York CNN, Transportation Committee, California, Assembly, Gov, Transportation Security Administration, TSA, CNN, Travelers, ” Clear, Association of Flight, American Federation of Government Employees, California Chamber, Commerce, Airports, Committee Locations: New York, California, haves, United States, Delta
CNN —The Transportation Security Administration reports that its officers intercepted 1,503 firearms in carry-on bags at security checkpoints in US airports during the first quarter of 2024. That number runs very close with TSA interceptions in the first quarter of 2023, in which 1,508 firearms were intercepted, the agency said in a news release. Overall, 2023 set a record for the number of firearms uncovered by officers at security checkpoints. More people plus roughly same number of firearms equals a lower rate. But there’s a shocking stat that has stayed the same – in both time periods, 93% of those intercepted firearms were loaded with ammo.
Persons: , David Pekoske, W6ZXxQT1QC, ” Pekoske, you’re Organizations: CNN, Transportation Security Administration, TSA
Hundreds of people have breached airport security since March 2023, the TSA revealed in an interview with The Washington Post. That's a massive uptick over 2022, and the agency told The Washington Post it wants to crack down. "It is a larger problem than we realized," Transportation Security Administration spokesperson R. Carter Langston told The Washington Post in a new interview. Related storiesThe stat marks a massive uptick over previous years; there were just 29 airport security breaches in 2019 and 72 in 2022, the agency told the Post. AdvertisementLangston said the breaches were a "trend" the TSA wants to crack down on.
Persons: , Carter Langston, Langston, Harry Reid Organizations: TSA, Washington Post, Washington, Service, Transportation Security, FBI, Harry, Harry Reid International Locations: Los Angeles, Las Vegas
United Airlines has asked its pilots to take unpaid leave this summer and possibly into the fall. Across airlines, summer fliers may see disrupted flight schedules and pricier tickets. AdvertisementIn an early blow to summer travel, United Airlines has asked its pilots to take an unpaid leave next month, citing delayed aircraft deliveries from Boeing. Related storiesThe specific changes to United's summer flight lineup were not immediately available. Last week, the US Federal Aviation Administration said it was increasing scrutiny of United to ensure the airline's compliance with safety regulations.
Persons: , Richard Aboulafia, Scott Kirby Organizations: Airlines, Service, United Airlines, Boeing, CNBC, United, Air Line Pilots Association, Business Insider, Ryanair, Transportation, Southwest Airlines, Alaska Airlines, US Federal Aviation Administration Locations: Frankfurt, Oregon, San Francisco, Japan
On Thursday, Vice President Kamala Harris announced a set of new, binding requirements for US agencies intended to prevent AI from being used in discriminatory ways. Under the requirements taking effect on Dec. 1, agencies using AI tools will have to verify they do not endanger the rights and safety of the American people. The new policy from the Office of Management and Budget (OMB) also directs federal agencies to designate a chief AI officer to oversee how each agency uses the technology. She said the Biden administration intends for the policies to serve as a global model. Still, the new OMB policy marks the latest step by the Biden administration to shape the AI industry.
Persons: That’s, Biden, Kamala Harris, ” Harris, Shalanda Young, , ” Young, Organizations: Washington CNN, Transportation, Administration, Management, Budget, , Department of Homeland Security, Commerce Department, White House, Government, Office, OMB Locations: European Union, United States
A Frontier Airlines passenger charged at a flight attendant with a box cutter. AdvertisementA Frontier Airlines passenger was jailed for two-and-a-half years on Thursday due to an altercation involving a box cutter on a 2022 flight. The 43-year-old from Cincinnati arrived at the city's airport for his flight to Tampa with a box cutter in his possession. AdvertisementThe box cutter had a spare blade stored in the handle, which Liebsich inserted after the Frontier flight took off. AdvertisementAs the last few passengers were leaving the aircraft, Liesbich charged at a flight attendant while wielding the box cutter.
Persons: William Allen Liebisch, , Liebsich Organizations: Frontier Airlines, TSA, Service, Georgia's Northern, Transportation Security Administration, Business Insider Locations: Ohio, Florida, Cincinnati, Tampa, Georgia's Northern District, Atlanta
An Alaska Airlines passenger tried three times to access the cockpit, an affidavit says. Flight attendants blocked the door with a beverage cart, it adds. AdvertisementAn Alaska Airlines cabin crew blocked the cockpit with a beverage cart to stop a passenger from accessing the flight deck, an affidavit states. AdvertisementIt adds that when a flight attendant asked why he was trying to get into the cockpit, Jones replied he "was testing them." The flight deck was locked down for the rest of the flight, and one flight attendant stayed with the beverage cart blocking the cockpit door, per the affidavit.
Persons: , Nathan Jones, who's, Jones Organizations: Alaska Airlines, Service, Business, Transportation Security Administration Locations: Alaska, San Diego, Washington
Key takeaways from the latest jobs report
  + stars: | 2024-03-08 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +7 min
“The economy remains strong, held up by a robust labor market,” wrote Christopher Rupkey, chief economist with FwdBonds, in a note Friday. Still, Friday’s jobs report also showed that the whopping gains initially recorded for January and December were revised down by a combined 167,000 jobs. January’s job gains now sit at an estimated 229,000 (down from the blowout 353,000); and December’s job growth at 290,000 (down from 333,000). In February, that included construction (up 23,000 jobs); transportation and warehousing (up 19,700 jobs); and retail (up 18,700 jobs). Friday’s jobs report showed that wage growth is indeed slowing.
Persons: , Christopher Rupkey, FwdBonds, , ” Robert Frick, , ” Diane Swonk, Swonk, February’s, ” Frick, Julissa Carielo, ” Swonk, Gus Faucher, Lydia Boussour, EY, Boussour, Janet Yellen, CNN’s Kate Bolduan, they’re, ” Yellen, Price, CNN’s Bryan Mena Organizations: New, New York CNN, of Labor Statistics, Navy Federal Credit Union, CNN, KPMG US, Health, Baby Boomers, Transportation Security Administration, DreamOn, Inc, Boomers, Fed, Labor, Federal, PNC Financial Services, “ Fed Locations: New York, San Antonio , Texas, Texas
But that’s not stopping the Transportation Security Administration from testing a self-service screening system at Harry Reid International Airport in Las Vegas later this month. “Several TSOs are present in the self-service screening lanes,” he told CNN in an email. “To be clear, this is not about replacing TSOs or reducing the number of TSOs,” which is currently 50,000. According to TSA, the busiest day ever for TSA screening operations at the city’s airport was on October 29, 2023, when the agency screened 103,400 passengers. “The number of airline passengers continues to increase year-over-year, creating a need for innovative screening solutions that enhance transportation security and make traveling more efficient,” said Dimitri Kusnezov, Department of Homeland Security under secretary for science and technology.
Persons: Atlanta CNN —, Harry Reid, , TSOs, Carter Langston, Dimitri Kusnezov, – CNN’s Chris Isidore Organizations: Atlanta CNN, Transportation, Administration, Harry, Harry Reid International, TSA, LAS, Transportation Security, CNN, Department of Homeland, Travelers, Las Vegas, Department of Homeland Security Locations: Las Vegas, Las
LAS VEGAS (AP) — Federal airport security officials unveiled passenger self-screening lanes Wednesday at busy Harry Reid International Airport in Las Vegas, with plans to test it for use in other cities around the country. It already features screening lanes with instruction displays and estimated wait times. “It’s going to take time to educate the public," he said of the TSA screening lanes. I think eventually we’ll see more and more of them.”Harry Reid International Airport was the seventh-busiest passenger airport in the U.S. in 2022, ranked by Airports Council International behind New York’s John F. Kennedy International Airport. In 2023, the Las Vegas airport handled a new record of 57.6 million arriving and departing passengers.
Persons: Harry Reid, , Dimitri Kusnezov, John Fortune, Christina Peach, “ It’s, Carter Langston, Peach, Kusnezov, Karen Burke, ” Burke, Fortune, Keith Jeffries, Jeffries, ” Harry Reid, John F, Rebecca Santana Organizations: LAS VEGAS, , Harry, Harry Reid International, U.S . Department of Homeland Security, Transportation Security Administration, TSA, Department of Homeland, , Los Angeles International Airport, K2, Associated Press, ” Harry Reid International, Airports Council International, New, Kennedy International, Las, NFL, Allegiant, Associated, Washington , D.C Locations: Las Vegas, Nevada, U.S, Washington ,
United Airlines is testing a "Touchless ID" plan at O'Hare which doesn't require a physical ID. AdvertisementYou won't need a boarding pass or an ID to get through security if you're using TSA PreCheck at some airports. AdvertisementHowever, passengers will still have their physical ID checked afterward at O'Hare because it's testing the feature for security checkpoints and bag dropoff, per TPG. Advertisement"We plan to add TSA PreCheck Touchless ID to more bag drop counters, security checkpoints, and boarding gates in the future," it adds. Its passengers at Atlanta, Detroit, LAX, LaGuardia, and JFK can check bags and go through security without needing to show a physical ID.
Persons: , Guy Organizations: TSA, United Airlines, Delta, American Airlines, Service, Transportation Security Agency, Chicago O'Hare, Los Angeles International, O'Hare, TPG, LAX, Delta Air Lines, LaGuardia, JFK, Washington Reagan Airport Locations: O'Hare, Atlanta, Detroit, LAX
On a recent Thursday morning in Queens, travelers streamed through the exterior doors of La Guardia Airport’s Terminal C. Some were bleary-eyed — most hefted briefcases — as they checked bags and made their way to the security screening lines. It was business as usual, until some approached a line that was almost empty. One by one, they walked to a kiosk with an iPad affixed to it and had their photos taken, as a security officer stood by. Within seconds, each passenger’s image was matched to a photo from a government database, and the traveler was ushered past security into the deeper maze of the airport. Some travelers, despite previously opting into the program, still proffered identification, only for the officer to wave it away.
Organizations: La Guardia, Delta Air Lines, Transportation Security Administration Locations: Queens, Guardia, La
Washington CNN —Immigration and Customs Enforcement has drafted contingency plans to cut detention capacity and release thousands of immigrants as a result, according to a source familiar with the plan. The draft plan comes as ICE faces a dire budget shortfall amid stalled congressional action on the White House supplemental request. President Joe Biden has repeatedly implored Congress to give him more resources to deal with the situation at the US-Mexico border, assigning blame on Republicans for not doing more. Over recent years, ICE has assisted Customs and Border Protection in its border mission as that agency is also overwhelmed. Homeland Security officials have attributed the decline to ongoing high-level talks between the US and Mexico, which has doubled down on enforcement, but caution that encounters historically drop in January before ticking up again.
Persons: Joe Biden, Mayorkas, ” Biden, Alejandro Mayorkas, Troy Miller Organizations: Washington CNN — Immigration, Enforcement, ICE, White, Department of Homeland Security, GOP, impeaching, DHS –, The Washington Post, Administration, Homeland Security, CBP, Protection, Coast Guard, Transportation Security Administration, US Border Patrol, DHS Locations: Mexico, Congress, Venezuela
I worked as a flight attendant for two years and picked up tips for saving money while traveling. Don't waste your money on food and water at the airport or the overpriced snacks on the plane. But don't wait until you get on the plane — flight attendants don't usually have that much power. You already paid for the ticket, taxi, and luggage, so don't waste your money on overpriced airport water. It's almost never worth it to exchange money at the airportIt's usually cheapest to exchange your money at a bank.
Persons: , I've, F, it's, Nicolas Economou, It's Organizations: Service, Kennedy International Airport, Transportation Security Administration, TSA, Getty Locations: York City
“I'm focused on the work,” Mayorkas said, “that's what brings me to Las Vegas today.”The Homeland secretary shared the reason for a seven-minute timeout that paused the AFC championship game between the Baltimore Ravens and Kansas City Chiefs on Jan 28. “Super Bowl is a no-drone zone.”Karon Ransom, U.S. Secret Service agent in charge in Las Vegas, put the number of federal law enforcement agents in Las Vegas for the Super Bowl and related events at 750. Clark County Sheriff Kevin McMahill issued a familiar call for people who see something to say something and noted that Las Vegas has hosted a series of recent headline-grabbing events: the Formula One Las Vegas Grand Prix in November; a University of Nevada, Las Vegas shooting in December; New Year's Eve fireworks that drew hundreds of thousands of revelers to the Las Vegas Strip. At least 65,000 people are expected at Allegiant Stadium for the Super Bowl, and Las Vegas tourism officials estimate the number of hotel guests and visitors in the area will top 330,000. Displaying a table piled high with fake sports memorabilia including jerseys, T-shirts, caps and a silver replica of the Vince Lombardi Super Bowl trophy, officials said investigators seized nearly $1 million worth of counterfeit merchandise over the weekend.
Persons: Alejandro Mayorkas, Mayorkas, “ I'm, ” Mayorkas, , Cathy Lanier, Karon Ransom, ” Spencer Evans, Evans, Kevin McMahill, ” McMahill, Harry Reid, Vince Lombardi Organizations: Vegas, , NFL, ” League, FBI, Secret Service, Homeland, Allegiant, . House, Biden Administration, AFC, Baltimore Ravens, Kansas City Chiefs, T Bank, Authorities, , Super, Las, Prix, University of Nevada, Las Vegas Metropolitan Police Department, Harry, Harry Reid International, Customs, Border, Transportation Security Administration Locations: U.S, Mexico, Las Vegas, Pennsylvania, Vegas, Clark County
The officials displayed a table piled high with knockoff sports memorabilia including jerseys, T-shirts, caps, beanies and a sparkling silver replica of the Vince Lombardi Super Bowl trophy. Commercial air operations at nearby Harry Reid Airport are not expected to be affected. Ralph Lepore, an airport administrator with the Clark County Department of Aviation, focused on efforts to stem human trafficking, which he said was neither new nor exclusive to big events. “It’s extremely important.”Burke noted that TSA officers were trained to spot human trafficking and that extra agents will be added to handle record post-game crowds expected to top more than 100,000 passengers a day early next week at Harry Reid airport. She promised that every lane of every airport security checkpoint will be open nonstop for 48 hours after the Super Bowl ends.
Persons: Administration —, Ozzie —, Harry Reid, Vince Lombardi, , Cheryl Davies, Christopher Miller, Aaron Ford, Karen Burke, Davies, Ralph Lepore, , ” Burke Organizations: LAS VEGAS, Super, NFL, Homeland Security, Customs, Border Protection, Transportation, Administration, Harry, Harry Reid International Airport, . Customs, Homeland Security Investigations, Allegiant, Federal Aviation Administration, TSA, Blackhawk, Clark County Department of Aviation Locations: Las Vegas, United States, Nevada, TSA Nevada
Read previewA former TSA agent has revealed what not to do during air travel to avoid trouble both at the airport and on the plane. "The key is to listen to that first officer that you see past the ID check; they're going to tell you what to do," he said. Making sure you're alert can make the whole process easier. "Many people, they sit in those seats and they don't know that they are subject to helping when an emergency actually happens," he said. "There are clear pockets where they're not aware that they're about to hit and they can be very severe," he said.
Persons: , Caleb Harmon, Marshall, ure, ake, ravel, ould, arn, lear Organizations: Service, TSA, Business, Transportation Security Administration, Jackson Atlanta International Airport, ust Locations: Hartsfield
In the year ahead, the use of biometrics — an individual’s unique physical identifiers, such as fingerprints and faces — will be expanded at airports in the United States and abroad, a shift to enhance security, replace physical identification such as passports and driver’s licenses, and reduce the amount of time required by travelers to pass through airports. Biometric technology will be seen everywhere from bag drops at the check-in counters to domestic security screening. This program is currently available at 30 airports nationwide, including Salt Lake City International Airport and Denver International Airport; the T.S.A. said it will expand to more than 400 airports in the coming years. The pilot program is now available at five airports, including La Guardia Airport and Los Angeles International Airport.
Persons: Greg Forbes, Delta’s Organizations: Transportation, Administration, Salt Lake, International Airport, Denver International Airport, Delta Air Lines, U.S . Customs, Border Protection, La Guardia Airport, Los Angeles International Airport Locations: United States, Salt
Arms Race: What Travelers Can Expect in 2024 At the start of what promises to be a very busy year, we look ahead at what you’re likely to encounter. With 2023 in the rearview mirror, we look ahead at what travelers will face in 2024. At United Airlines, for example, smarter software can offer rebooking options and issue food and lodging vouchers when a flight is canceled, rather than just rebooking a flight. United Airlines has suspended its flights indefinitely, said Josh Freed, a United spokesman. This year, travelers are expected to choose faraway places and board small ships, according to Virtuoso, the consortium of luxury travel agencies.
Persons: Chanelle, Hayley Berg, ” Ms, Berg, , Robert W, Mann Jr, , Chad Burt, Oren Etzioni, Gilbert Ott, Hopper, Greg Forbes, Delta’s, Neville Pattinson, Mr, Pattinson, biometrics, Laura Lindsay, Joshua Smith, Smith, Laurel Brunvoll, Michael Zeiler, Airbnb, We’ve, Jamie Lane, , ’ ”, Jan Freitag, “ We’ve, David Whiteside, Brian Kelly, Guy, Leigh Rowan, “ There’s, Kelly, Rowan, ” Mr, James Thornton, Sharm el Sheikh, Khaled Ibrahim, Harry Rubenstein, Rubenstein, Eyal Carlin, Josh Freed, Jack Ezon, Tom Marchant, Beth McGroarty Organizations: World Tourism Organization, International Air Transport Association, Analysts, Express Global, , airfare, University of Washington, United Airlines, Transportation, Administration, Salt Lake, International Airport, Denver International Airport, Delta Air Lines, U.S . Customs, Border Protection, La Guardia Airport, Los Angeles International Airport, biometrics, Thales, Air, American Airlines, Global, , , MidX Studios, LivSmart Studios, Hilton, Hyatt Studios, Accor Hotels, Boston University, Visa, Mastercard, Walmart, Target, Savanti, Chase, Intrepid Travel, Amisol Travel, East Travel Alliance, United, Consumers, Ki’ama, Wellness, Global Wellness Institute Locations: United States, Point.me, Salt, North America, London, Rome, Tokyo, Cancún, Las Vegas, Cayman Islands, Polynesia, Europe, Norway, Denmark, Air Canada, Bergen, Flam, Scandinavia, Italy, France, Malta, Slovenia, Maryland, Spain, Portugal, Britain, Egypt, India, Mexico ; Cape Girardeau, Mo, Niagara Falls, N.Y . Texas, Burnet, Sulphur Springs, New York, Vienna, Marriott, Israel, Jordan, Oman, Oman —, Tunisia, Northern Africa, Sharm, Cairo, Amisol Travel Egypt, Jerusalem, Tel Aviv, Ramle, Kimberley, Western Australia, Mitre, Patagonia, Ki’ama Bahamas, Bahamas, South Africa, Hudson, Tuxedo Park, N.Y, Malibu , Calif, Mexico
The 2023 U.S. economy, in a dozen charts
  + stars: | 2024-01-07 | by ( Gabriel Cortés | ) www.cnbc.com   time to read: +3 min
Spending remained high, markets posted big gains and the Federal Reserve's battle against inflation showed signs of cooling — without freezing. The U.S. labor market ended the year strong, creating more than 200,000 jobs in December, according to figures released Friday by the U.S. Bureau of Labor Statistics. Here are nine other charts that show how the economy rounded out 2023. Inflation, wages and spendingWhile inflation continues to be top of mind for U.S. consumers, the rate of inflation cooled significantly in 2023. Even assets such as crypto saw a rebound in 2023 after hitting a low in November of the previous year.
Persons: Ed Jones, Barbie, Oppenheimer, Taylor, Jerome Powell Organizations: AFP, Getty, U.S . Bureau of Labor Statistics, Transportation Security Administration, Dow Jones, Nasdaq, Reserve Locations: Square , New York, U.S
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