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Britni Mann speaks with a potential employer during a job fair at Hembree Park in Roswell, Georgia, U.S. May 13, 2021. But the pent-up demand unleashed by the resumption of business operations is straining the supply chain and fanning inflation pressures. That would be the biggest year-on-year increase since September 2008 and follow a 4.2% rise in April. Though layoffs are abating, initial claims remain well above the 200,000 to 250,000 range that is viewed as consistent with healthy labor market conditions. The benefits being terminated early include a weekly $300 unemployment subsidy, which businesses say is discouraging the jobless from seeking work.
Persons: Britni Mann, Chris Aluka Berry, Jerome Powell, Sam Bullard Organizations: REUTERS, Labor Department, CPI, Thomson Locations: Roswell , Georgia, U.S, Wells, Charlotte , North Carolina, Florida, Texas
U.S. weekly jobless claims fall; consumer prices rise more than expected
  + stars: | 2021-06-10 | by ( ) www.reuters.com + 0.00   time to read: +4 min
Britni Mann speaks with a potential employer during a job fair at Hembree Park in Roswell, Georgia, U.S. May 13, 2021. Initial claims for state unemployment benefits totaled a seasonally adjusted 376,000 for the week ended June 5, compared to 385,000 in the prior week, the Labor Department said on Thursday. But the pent-up demand unleashed by the resumption of business operations is straining the supply chain and fanning inflation pressures. Though layoffs are subsiding, initial claims remain well above the 200,000 to 250,000 range that is viewed as consistent with healthy labor market conditions. The benefits being terminated early include a weekly $300 unemployment subsidy, which businesses say is discouraging the jobless from seeking work.
Persons: Britni Mann, Chris Aluka Berry, Jerome Powell, Sam Bullard Organizations: REUTERS, Labor Department, Reuters, Thomson Locations: Roswell , Georgia, U.S, Wells, Charlotte , North Carolina, Florida, Texas
U.S. labor market recovery gaining steam; inflation heating up
  + stars: | 2021-06-10 | by ( Lucia Mutikani | ) www.reuters.com + 0.00   time to read: +6 min
Surging prices for used cars and trucks accounted about one-third of the rise in consumer inflation reported by the Labor Department on Thursday. The recovering labor market and accelerating inflation will have no impact on monetary policy. "As the cycle matures, these inflation pressures will subside owing to the structural forces that have kept inflation low for long." Excluding the volatile food and energy components, the CPI increased 0.7% after soaring 0.9% in April. Though layoffs are subsiding, initial claims remain well above the 200,000 to 250,000 range that is viewed as consistent with healthy labor market conditions.
Persons: Britni Mann, Chris Aluka Berry, Jerome Powell, Anu Gaggar, Sam Bullard Organizations: REUTERS, Labor Department, Commonwealth Financial Network, Reuters, Treasury, CPI, Fed, Thomson Locations: Roswell , Georgia, U.S, Wells, Charlotte , North Carolina, Florida, Texas
Reopening U.S. economy fuels inflation, labor market recovery
  + stars: | 2021-06-10 | by ( Lucia Mutikani | ) www.reuters.com + 0.00   time to read: +6 min
May's inflation drivers appear to be temporary, fitting in with Federal Reserve Chair Jerome Powell's repeated assertion that higher inflation will be transitory. "Areas not impacted by the pandemic are moderating the CPI rise. In another report on Thursday, the Labor Department said initial claims for state unemployment benefits fell 9,000 a seasonally adjusted 376,000 for the week ended June 5. Though layoffs are subsiding, claims remain well above the 200,000 to 250,000 range that is viewed as consistent with a healthy labor market. At least 15.3 million people were on unemployment benefits under all programs during the week ended May 22.
Persons: Jerome Powell's, Chris Low, Britni Mann, Chris Aluka Berry Read, Charlie Ripley Organizations: COVID, Federal, FHN, Reuters, CPI, REUTERS, Fed, Allianz Investment Management, Treasury, Employers, Labor Department, Thomson Locations: New York, Roswell , Georgia, U.S, California, Pennsylvania, Florida, Texas
May's inflation drivers appear to be temporary, fitting in with Federal Reserve Chair Jerome Powell's repeated assertion that higher inflation will be transitory. Food prices rose 0.4%, but gasoline declined for a second straight month. In another report on Thursday, the Labor Department said initial claims for state unemployment benefits fell 9,000 to a seasonally adjusted 376,000 for the week ended June 5. Though layoffs are subsiding, claims remain well above the 200,000 to 250,000 range that is viewed as consistent with a healthy labor market. At least 15.3 million people were on unemployment benefits under all programs during the week ended May 22.
Persons: Jerome Powell's, Chris Low, Britni Mann, Chris Aluka Berry Read, , Charlie Ripley, Isfar Munir Organizations: Labor Department, COVID, Federal, FHN, Reuters, CPI, REUTERS, Fed, Allianz Investment Management, Treasury, Employers, Citigroup, Thomson Locations: New York, Roswell , Georgia, U.S, California, Pennsylvania, Florida, Texas, rehiring
Pfizer to start large study to test COVID-19 vaccine in children below 12
  + stars: | 2021-06-08 | by ( ) www.reuters.com sentiment -0.98   time to read: +1 min
Family members look on as Jack Frilingos, 12, is inoculated with Pfizer's vaccine against coronavirus disease (COVID-19) after Georgia authorized the vaccine for ages over 12 years, at Dekalb Pediatric Center in Decatur, Georgia, U.S. May 11, 2021. REUTERS/Chris Aluka Berry/File PhotoPfizer Inc (PFE.N) said on Tuesday it will start a large study to test its COVID-19 vaccine in children below 12 and selected a dosing regime for the trial. The study will enroll up to 4,500 children at more than 90 clinical sites in the United States, Finland, Poland and Spain, the company said. Pfizer's vaccine has been authorized for use in children as young as 12 in Europe, the United States and Canada. Inoculating children and young people is considered a critical step toward reaching "herd immunity" and taming the COVID-19 pandemic.
Persons: Jack Frilingos, Chris Aluka Berry Organizations: Dekalb Pediatric, REUTERS, Pfizer Inc, Thomson Locations: Georgia, Dekalb, Decatur , Georgia, U.S, United States, Finland, Poland, Spain, Europe, Canada
Explainer: Should my teen get the COVID-19 vaccine?
  + stars: | 2021-05-12 | by ( Michael Erman | ) www.reuters.com + 0.00   time to read: +4 min
A teenager is inoculated with Pfizer's vaccine against coronavirus disease (COVID-19) after Georgia authorized the vaccine for ages over 12 years, at Dekalb Pediatric Center in Decatur, Georgia, U.S. May 11, 2021. That trial included 2,260 participants in that age group, half of whom received the same vaccine dose given to adults. More than 2 million 16- and 17-year-olds in the United States have already received at least one dose of the Pfizer/BioNTech vaccine. As of now, only the Pfizer/BioNTech vaccine is authorized for use in people under the age of 18 in the United States. Canada and Algeria have also authorized the Pfizer vaccine for this age group.
Persons: Chris Aluka Berry, BioNTech’s, Dr, Lee Savio Beers Organizations: Dekalb Pediatric, REUTERS, U.S . Food, Drug Administration, Pfizer, FDA, American Academy of Pediatrics, European Medicines Agency, Thomson Locations: Georgia, Dekalb, Decatur , Georgia, U.S, United States, Canada, Algeria
Grace Peterson, 14, is inoculated with Pfizer's vaccine against coronavirus disease (COVID-19) after Georgia authorized the vaccine for ages over 12 years, at Dekalb Pediatric Center in Decatur, Georgia, U.S. May 11, 2021. Some states, including Georgia, Delaware and Arkansas, began offering the vaccine to younger teens on Tuesday. Moreover, the vaccine produced robust antibody responses in the age group and showed 100% efficacy in the trial, with no cases of symptomatic COVID-19 among the fully vaccinated adolescents. Adjusted for underreporting, the working group estimated 22.2 million U.S. COVID-19 infections in those aged 5 to 17. The committee will hear from Pfizer about the vaccine’s safety and efficacy in adolescents and will consider the views of a handful of CDC officials on its implementation.
Persons: Grace Peterson, Chris Aluka Berry, Henry Bernstein, Rochelle Walensky Organizations: Dekalb Pediatric, REUTERS, Pfizer Inc, COVID, U.S . Centers for Disease Control, Prevention, U.S . Food, Drug Administration, CDC, Zucker School of Medicine, Hofstra, CNBC, Pfizer, Thomson Locations: Georgia, Dekalb, Decatur , Georgia, U.S, Delaware, Arkansas
REUTERS/Chris Aluka BerryThe largest U.S. fuel pipeline system, Colonial Pipeline, shut down on Friday after a cyberattack. Retail prices across much of the United States follow the lead of benchmark New York gasoline futures. read morePrevious prolonged shutdowns of the Colonial system have caused gas prices to surge there. Major airports including Hartsfield-Jackson Atlanta International Airport, Charlotte Douglas International Airport and Raleigh-Durham International Airport (RDU) are monitoring the situation, they said. WHAT IS COLONIAL PIPELINE?
Persons: Hartsfield –, Chris Aluka Berry, Jeanette Casselano, Patrick DeHaan, DeHaan Organizations: Hartsfield, Hartsfield – Jackson Atlanta International Airport, REUTERS, U.S, Colonial Pipeline, American Automobile Association, U.S . East, AIR, Jackson Atlanta International Airport, Charlotte Douglas International Airport, Durham International Airport, Reuters, Colonial, U.S . Department of Transportation, Thomson Locations: Atlanta , Georgia, U.S, United States, Georgia, Alabama, Florida, Tennessee, New York, U.S . East Coast, Europe, Raleigh, Houston , Texas, Linden , New Jersey, East, Colonial
Pro-choice supporters protest in front of the Alabama State House as Alabama state Senate votes on the strictest anti-abortion bill in the United States at the Alabama Legislature in Montgomery, Alabama, U.S. May 14, 2019. REUTERS/Chris Aluka Berry/File PhotoIdaho has become the latest Republican-led state to pass a "fetal heartbeat" law, prohibiting abortions after five or six weeks of pregnancy except in medical emergencies or in cases of rape or incest. The "fetal heartbeat" law bans abortion once a fetal heartbeat is detected, often at six weeks. Idaho's law states that it will only go into effect 30 days after any U.S. appeals court upholds another fetal heartbeat abortion ban, as several states are in legal battles to have their laws enacted. A fetus that is viable outside the womb, usually at 24 weeks, is widely considered the threshold in the United States to prohibit abortion.
Persons: Chris Aluka Berry, Brad Little, Roe, Wade, Little, Michael Huppert Organizations: Alabama, House, Alabama Legislature, REUTERS, Republican, Supreme, Facebook, Thomson Locations: Alabama, United States, Montgomery , Alabama, U.S, Idaho, , Arizona, Hawaii, Iowa
Breakingviews - Breakdown: Carbon border tax isn’t about carbon
  + stars: | 2021-03-22 | by ( Gina Chon | ) www.reuters.com + 0.00   time to read: +5 min
WASHINGTON (Reuters Breakingviews) - The idea of a carbon border tax is gaining ground in the European Union and the United States. REUTERS/Chris Aluka BerryWHAT’S A CARBON BORDER TAX? A carbon border tax would make those products more expensive, reducing the incentive to manufacture and move jobs overseas. In mid-March, France’s Finance Minister Bruno Le Maire said the United States and Europe should align their carbon border tax policies to avoid confusion. But if Biden is determined to move ahead, the carbon border tax is likely to catch on.
Persons: Robert W Scherer, Georgia Power, Chris Aluka Berry, Joe Biden, Biden, Donald Trump, Bruno Le Maire Organizations: WASHINGTON, Reuters, European Union, Georgia, Southern Company, REUTERS, U.S, Resources, Trump, Boston Consulting Group, France’s Locations: United States, Juliette , Georgia, U.S, Europe, China, India
Aviation reinsurance rates rise by up to 250% - report
  + stars: | 2021-01-04 | by ( Carolyn Cohn | ) www.reuters.com sentiment -0.99   time to read: +2 min
LONDON (Reuters) -Aviation reinsurance rates rose by up to 250% at the key Jan. 1 renewal date, broker Willis Re said in a report on Monday, with the market still reeling from the impact of Boeing 737 MAX crashes two years ago. Property and casualty reinsurance premiums are up by 25-30% for the riskiest areas of business, the report showed. Analysts at Jefferies said the report showed a reinsurance hard market - in which premium rates are rising - was “underway”, highlighting gains in U.S. property, global casualty and specialty lines such as trade credit and political risk, as well as aviation. But rates are not rising as much as reinsurers had hoped, despite the coronavirus pandemic. Vickers said the biggest disagreements between insurers and reinsurers had been about cover for cyber attacks and communicable diseases such as COVID-19.
Persons: Willis Re, Hartsfield –, Chris Aluka Berry, James Vickers, Jefferies, reinsurers, Vickers, “ Reinsurers, ” Vickers, Organizations: Aviation, Boeing, Hartsfield, Hartsfield – Jackson Atlanta International Airport, REUTERS, MAX, Willis Re, Reuters, Aviation underwriters Locations: Atlanta , Georgia, U.S, United States
U.S. EPA finalizing first-ever airplane emissions rules
  + stars: | 2020-12-28 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: 1 min
FILE PHOTO; An airplane flies over Hartsfield–Jackson Atlanta International Airport in Atlanta, Georgia, U.S. November 23, 2020. REUTERS/Chris Aluka BerryWASHINGTON (Reuters) - The U.S. Environmental Protection Agency (EPA) on Monday will finalize the first-ever proposed standards regulating greenhouse gas emissions from airplanes, a spokeswoman told Reuters. The EPA said in July its proposed requirements would align the United States with international standards. In 2016, the U.N. International Civil Aviation Organization (ICAO) agreed on global airplane emissions standards aimed at makers of small and large planes, including Airbus SE and Boeing Co, which both have backed the standards. Critics say the agency should have required tougher emissions rules.
Persons: Hartsfield –, Chris Aluka Berry WASHINGTON Organizations: Hartsfield, Hartsfield – Jackson Atlanta International Airport, REUTERS, Environmental Protection Agency, Reuters, EPA, International Civil Aviation Organization, Airbus, Boeing Co Locations: Atlanta , Georgia, U.S, United States
Thanksgiving travelers defy COVID-19 warnings
  + stars: | 2020-11-25 | by ( Canice Leung | ) www.reuters.com sentiment -1.00   time to read: 1 min
Chrissy and her daughter Ari (last names withheld) wait for their baggage after traveling from New Jersey to Hartsfield–Jackson Atlanta International Airport ahead of the Thanksgiving holiday in Atlanta, Georgia, November 23, 2020. "I feel like it's...moreChrissy and her daughter Ari (last names withheld) wait for their baggage after traveling from New Jersey to Hartsfield–Jackson Atlanta International Airport ahead of the Thanksgiving holiday in Atlanta, Georgia, November 23, 2020. "I feel like it's scary to travel, but I'm taking the best safety precautions to protect me and my daughter," said Chrissy. REUTERS/Chris Aluka BerryClose
Persons: Chrissy, Ari, Hartsfield –, Chris Aluka Berry Organizations: Hartsfield, Hartsfield – Jackson Atlanta International Airport Locations: New Jersey, Atlanta , Georgia
(Reuters) - U.S. websites have seen a surge in travelers seeking expensive ironclad insurance this Thanksgiving, as Americans desperate to break the monotony of a year spent at home look to cover themselves against coronavirus-related risks. REUTERS/Chris Aluka BerryData from insurance comparison website Squaremouth on Tuesday showed the number of insurance policies purchased for U.S. domestic trips over the upcoming holiday was up 170%, compared to the same period of 2019. Some 40% of all Thanksgiving travelers specifically searched for coronavirus cover, replacing top concerns from previous years, such as weather and financial defaults, and spurring a rise in the overall cost of cover. The data from Squaremouth is based on all travel insurance policies purchased on its website between March 12 and Nov. 9 for travel over the week of Thanksgiving. For those traveling outside the United States, a travel insurance policy that also has medical cover for COVID-19 will cover medical treatment that a normal healthcare policy would not, as well as potentially medical evacuation.
Persons: Hartsfield –, Chris Aluka Berry, , “ It’s, , Jeremy Murchland, Courtney Glass, Madi, “ Madi Organizations: Reuters, coronavirus, Passengers, Hartsfield – Jackson Atlanta International Airport, REUTERS, U.S, Centers for Disease Control, Turks Locations: Hartsfield, Atlanta , Georgia, U.S, Bahamas, Costa Rica, Mexico, Caicos, Haiti, United States, California, Guatemala,
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