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☆ Chuck Todd: Despite expansion to 12 teams, the College Football Playoff is still broken
▼ + stars: | 2024-12-06 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Chuck-Todd-Circle-Byline-Template.Jpg | Chuck Todd | ) www.nbcnews.com time to read: +5 min

To say college football has never gotten their postseason right is an understatement. And, once again, despite what appears to be a successful expansion of the college football postseason in 2024, the powers that be have created a system that is exclusive, not inclusive. Ultimately, it’s a system that could shrink the world of college football in a way that, long term, will cost everyone. All any college football fan has wanted over the last 40 years is to create a better way to crown a champion. This college football committee fails on all three of those fronts.

Persons: I’ve, “, Stuart Mandel, I’m, They’ve, Tony Kornheiser, it’s, Let’s Organizations: Hurricanes, Alabama, Miami, ACC, SEC, Oklahoma, The Hurricanes, Tide, Florida State, Seminoles, Clemson, Big Locations: Miami, Alabama, Colorado, Iowa

☆ The College Football Playoff bracket is almost set. How safe is your favorite team?
▼ + stars: | 2024-12-06 | by ( Andrew Greif | Andrew Greif Is A Freelance Sports Journalist. | ) www.nbcnews.com time to read: +12 min

The 12-team bracket for the College Football Playoff is almost set. With the regular season over, all that remains between the reveal of the final bracket Sunday are this weekend’s slate of conference championship games. The Longhorns, who play Georgia in the SEC title game, are heading to the playoff whether they win or lose this weekend. Losing in the SEC title game would complicate the Bulldogs’ case, but even so, with their only losses to No. Tennessee (10-2)Next game: IdleSafe scale: 10/10With non-championship game teams essentially locked in place, the Volunteers appear all but assured to host a first-round playoff game.

Persons: Warde Manuel, Manuel, ”, won’t, —, They’re, they’re, ” Manuel, Ashton Jeanty, couldn’t, Ole, Ole Miss’s, Shane Beamer’s, ” Beamer, Kenny Dillingham’s Organizations: College Football, ESPN, College, Penn State, Ducks, SEC, Longhorns, Georgia, Nittany Lions, Ohio State, Big, Notre Dame, Bulldogs, Georgia Tech, Michigan, Volunteers, SMU, ACC, Clemson, Mountain, Boise State, UNLV, Broncos, Boise, Crimson Tide, Miami, Hurricanes, Syracuse, Clemson —, Miami —, Arizona State, Iowa State, Ole Miss, Gamecocks, Sun Devils, Cyclones, Tigers, Louisville, Rebels Locations: Michigan, Oregon, . Texas, Georgia, Northern Illinois, Texas, Alabama, . Mississippi, . Tennessee, Dallas, Indiana, Orange, Miami, Mississippi, Carolina, Iowa, Arizona, Boise

☆ What to expect from the November jobs report: A massive bounce back from October’s dismal total
▼ + stars: | 2024-12-06 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

“Which suggests that the labor market is still doing quite well,” Faucher said. That beat economists’ expectations of 7.5 million job openings for October, according to consensus estimates from FactSet. Layoff announcements, jobless claims tick higherThe weekly jobless claims data also is telling another story about the labor market: Employers have pulled back on hiring. “Overall, we still have got a tight labor market and we see that layoffs are historically low right now,” Faucher said. However, the coming weeks and months could shift the narrative for the labor market, inflation and the overall economy.

Persons: CNN —, “, ‘, Dan, Gus Faucher, ”, ” Faucher, they’re, Claudia Sahm, Jerome Powell, Donald Trump, ” Brett Ryan, — Organizations: CNN, Bureau of Labor Statistics, Labor Statistics, Dan North, Allianz Trade’s, North, PNC Financial Services Group, Labor, Department of Labor, Employers, New Century Advisors, Federal Reserve, Deutsche Bank, BLS Locations: North America, FactSet

☆ What to expect in the November jobs report
▼ + stars: | 2024-12-05 | by ( Alicia Wallace | ) edition.cnn.com time to read: +6 min

When plugging those striking and weather-waylaid workers back in, November’s report is expected to show a net gain of 200,000 jobs, according to consensus estimates on FactSet. “Which suggests that the labor market is still doing quite well,” Faucher said. The weekly jobless claim data also is telling another story about the labor market: Employers have pulled back on hiring. “Overall, we still have got a tight labor market and we see that layoffs are historically low right now,” Faucher said. However, the coming weeks and months could shift the narrative for the labor market, inflation and the overall economy.

☆ The hurricanes have passed, but anxiety lingers. 3 Florida homeowners shared what keeps them up at night.
▼ + stars: | 2024-12-01 | by ( Dan Latu | ) www.businessinsider.com time to read: +7 min

One resident is afraid of residents abandoning homes after storms if they can't pay to be fixed. AdvertisementHurricanes Helene and Milton have exacerbated concerns about the future of property values and the cost of homeownership in Florida. Three Florida homeowners shared their concerns about the cost of rebuilding after hurricane damage, their home values, and the storms' impact on seasonal residents who are key drivers of the state economy. Hurricane Milton flooded this Florida neighborhood's streets. A coastal resident worries about his home valuePresident Biden listens to remarks from the St. Pete Beach, Florida mayor following Hurricane Milton.

Persons: Helene, Hurricanes Milton, Milton, Kyle Ulrich, Jon, Lyn Drake, Hurricane Milton, it's, Biden, Pete, John Adams, Hurricane Helene, Adams, Adam, snowbirds, Emily White, White, Will, Michael Warren Organizations: Sunshine State, Hurricanes, Intercontinental Exchange, Florida Association of Insurance, Associated, St, Hurricane Milton, Anadolu, Getty, Florida Water Management, FEMA, Associated Press Locations: Milton, Ft . Lauderdale, Miami, West Palm Beach, Jacksonville, Tampa . In Tampa, Florida, Cape, Yankeetown , Florida, Tampa, Gulf of Mexico, Hurricane, Pete Beach , Florida, Anadolu, Yankeetown, Inglis, Ocala, Gulf, Mexico, Ocala , Florida, Arizona

☆ The College Football Playoff is almost here. These games could decide the bracket.
▼ + stars: | 2024-11-29 | by ( Andrew Greif | Andrew Greif Is A Freelance Sports Journalist. | ) www.nbcnews.com time to read: +4 min

When the College Football Playoff expanded to 12 teams this season, simple math suggested that more teams in contention would correspond with more late-season drama. 16 Arizona State (9-2) at Arizona (4-7)No. Rattle off all of the 200-plus Big 12 championship game scenarios to your family and friends. 8 Tennessee (9-2) at Vanderbilt (6-5)In the SEC, Georgia has already clinched an appearance in the championship game. SMU has already earned its way into the ACC championship game and will play either Miami or Clemson.

Persons: Deion Sanders, Ole Miss, Ashton Jeanty Organizations: College Football, Oklahoma State, Arizona State, Kansas State, Iowa State, BYU, Arizona, Colorado, SEC, Auburn, Vanderbilt, Bulldogs, Vols, Volunteers, Alabama, ACC, Mountain, Clemson, Miami, SMU, Hurricanes, Syracuse, Gamecocks, Oregon State, Boise State, Broncos, Heisman Locations: Colorado, Arizona, Houston, Arizona State, Iowa State , Colorado, Alabama, Tennessee, Georgia, Texas, Alabama , Texas, Nashville, Carolina, Syracuse, South Carolina, Boise State

☆ Hurricanes are being turbocharged by climate change. This season is proof
▼ + stars: | 2024-11-20 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +4 min

CNN —Record-breaking ocean temperatures, fueled by planet-warming pollution, have turbocharged dozens of Atlantic hurricanes over the last few years, making them more potent and dangerous by increasing their wind speeds. Every hurricane in the 2024 Atlantic hurricane season was made stronger than it otherwise would have been without human-caused climate change, according to analysis from nonprofit climate research group Climate Central. Wind speeds of the 11 hurricanes were increased by 9 to 28 mph by water that was up to 2.5 degrees Fahrenheit warmer because of climate change. Nine of this season’s 11 hurricanes rapidly intensified and climbed up the hurricane category scale due to climate change-driven ocean heat. Climate Central researchers also found that human-caused climate change made exceptionally warm ocean temperatures that fueled Milton’s explosion 400 to 800 times more likely.

Persons: ”, Daniel Gilford, Hurricane Milton, Milton wouldn’t, Chandan Khanna, Debby, Oscar, Jim Kossin, Kossin, he’s Organizations: CNN, Climate, Climate Central, Simpson, National Oceanic, Atmospheric Administration, Water, Hurricanes, Hurricane, National Hurricane Center . Climate, Getty, NOAA Locations: Gulf of Mexico, Hurricane, Siesta Key, Florida

WASHINGTON — The administrator of the Federal Emergency Management Agency, Deanne Criswell, is set to face questions from House lawmakers on Tuesday about the federal government's response to Hurricanes Helene and Milton that caused catastrophic damage in the Southeast. “And FEMA leadership didn’t take action against this supervisor until the press exposed this discrimination," his remarks say. Florida Attorney General Ashley Moody filed a lawsuit against Criswell and Washington last week over the incident. More than 220 people died from Hurricane Helene in late September, which hit Florida, Georgia, Tennessee, Virginia, North Carolina and South Carolina. At least 17 people died during Hurricane Milton, which hit Florida hard in early October.

Persons: WASHINGTON, Deanne, Hurricanes Helene, Milton, Criswell, James Comer, Comer, Ashley Moody, Donald Trump's, Trump, Biden, Hurricane Helene Organizations: Federal Emergency Management Agency, Hurricanes, Transportation, House Republicans, FEMA, Trump, Fox News, House Homeland Security Committee, Criswell, Hurricane Milton Locations: Florida, Marn’i Washington, United States, Ky, Highlands County , Florida, Washington, Hurricane, Georgia , Tennessee, Virginia, North Carolina, South Carolina

☆ A woman posed as her own mom to claim hurricane aid, saying Botox helped her look young, police say
▼ + stars: | 2024-11-19 | by ( Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +2 min

AdvertisementPolice arrested a Florida woman on a felony charge of filing a false public assistance claim. They say she posed as her mom to claim hurricane aid, but her youthful appearance raised suspicions. Police say the woman claimed to look young because of Botox treatments. Police in Florida have said a woman applied for hurricane disaster assistance by posing as her mother — and said she looked younger because of Botox. Investigators allege that Veronica Torres, 44, used her mother's name, driving license, and Social Security information to apply for the city's Hurricane Disaster Assistant Program.

Persons: —, Veronica Torres, Torres, Hurricane Helene, Hurricane Milton Organizations: Police, Social Security, Hurricane, Bradenton Police Department, Bradenton Police, Federal Emergency Management Agency, FEMA Locations: Florida

☆ Here's why investors are so excited about Disney's quarterly results
▼ + stars: | 2024-11-14 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Revenue in the fiscal fourth quarter totaled $22.57 billion, topping the $22.45 billion expected by analysts, according to estimates compiled by LSEG. And the good run should continue, with management forecasting earnings growth acceleration over the next couple of years. Roughly $15 billion in cash flow from operations vs. $14.8 billion expected, and about $8 billion in capital expenditures vs. $6.54 billion expected. That implies free cash flow of about $7 billion vs. $8.1 billion expected. In entertainment, the team forecasts double digit percentage growth in operating income, with 10% operating margin in its streaming businesses.

Persons: Robert Iger's, Iger, hasn't, Jim Cramer's, Jim Cramer, Jim, Mickey Mouse, Mouse, Gary Hershorn Organizations: Disney, Revenue, LSEG, Management, ESPN DTC, ESPN, DIS, Comcast, Netflix, Warner Bros Discovery, Paramount Global, Sports, CNBC, Magic, Walt Disney World, Corbis, Getty Locations: Florida, India, Orlando , Florida

Price growth ticked higher in October as voters began casting ballots in a presidential election in which economic concerns played a big role. The consumer price index climbed to 2.6% last month since the same time last year, the Bureau of Labor Statistics reported Wednesday. Stock futures turned higher, while traders bid up the price of government bonds. All-important shelter costs rose 0.4% from September to October, accounting for over half the monthly gains, the BLS said. Over the past four years, consumer prices have cumulatively increased about 20%, with the costs of many other goods and services rising even faster.

Persons: That's, Joe Biden’s, ” Kathy Jones, Charles Schwab, ”, Donald Trump, Trump, Jerome Powell Organizations: of Labor Statistics, BLS, Charles, Charles Schwab Center, Financial Research, ” Voters, White House, Trump, Investors, Adobe, National Retail Federation, Peterson Institute for International Economics, Citi Locations: —

☆ Americans are investing in ‘hurricane-resistant’ homes
▼ + stars: | 2024-11-12 | by ( Oscar Holland | ) edition.cnn.com time to read: +11 min

Although primarily interested in the homes' hurricane-resistant properties, Tener said he was also drawn to their panoramic views. A Deltec house on the hurricane-prone Tampa Bay in St Petersburg, Florida. But Linton believes only one of the approximately 3,000 Deltec homes built after the mid-1990s has ever suffered structural damage — during Hurricane Irma in 2017. Deltec says it also sells homes in areas not known for hurricanes, like this one on Lake Superior in Michigan. Courtesy Deltec“That 99.9% survival rate… looks at what we think of as the modern era, when we began focusing on designing these homes for hurricanes.

Persons: Gene Tener, Tener, Debby, Helene, “, ” Tener, Tammy, Gene Tener's, Jeff Hall, Michael, Steve Linton, ” Linton, Jeff Hall “, ”, Linton, ” Deltec’s, Deltec, —, Harvey, Hurricane Dorian, Hurricane Irma, Hurricane Hugo, Andrew Organizations: CNN, Washington Post Locations: , Florida, Crystal River , Florida, Crystal, Asheville , North Carolina, Tampa, St Petersburg , Florida, East Coasts, Florida , Louisiana , Texas, Mississippi, Rockport , Texas, prefabs, Bahamas, Florida, Hurricane, Superior, Michigan

☆ FEMA employee fired after advising disaster relief team not to visit homes with signs supporting Donald Trump
▼ + stars: | 2024-11-09 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | Mirna Alsharif | ) www.nbcnews.com time to read: +1 min

A Federal Emergency Management Agency employee was fired after recently advising a disaster relief team to not visit homes with yard signs that support President-elect Donald Trump. FEMA did not clarify where the incident happened, or when, and the employee has not been identified. But in a statement on Saturday, FEMA Administrator Deanne Criswell called the incident "reprehensible." Ron DeSantis said he directed the state's Division of Emergency Management to launch an investigation into "the federal government’s targeted discrimination of Floridians who support Donald Trump." The hurricanes left over 200 people dead in their wake, including in North Carolina and Georgia, and many structures destroyed.

Persons: Donald Trump, Deanne Criswell, Criswell, Ron DeSantis, Harris, DeSantis, Milton Organizations: Emergency Management Agency, FEMA, NBC News, Florida Gov, state's Division, Emergency Management, Biden Locations: Florida, North Carolina, Georgia

☆ College football Week 11 oddly specific predictions: Down go the Hoosiers!
▼ + stars: | 2024-11-07 | by ( Manny Navarro | ) www.nytimes.com time to read: +9 min

This week, the numbers are screaming to go with Colorado’s Shedeur Sanders, one of eight quarterbacks averaging more than 300 passing yards a game. This week, I’m riding with Sampson to lead all rushers in yards because he’s facing a Mississippi State defense that’s ranked 124th against the run. Dart’s 515 passing yards and six TDs last week against Arkansas, with a breakout performance from Jordan Watkins, provide more reason for me to stick with my midseason prediction. AdvertisementWeek 10 report cardAs mentioned before, my big victory last week was predicting Dart would lead all QBs in passing yards. I had Clemson covering a 10.5-point spread against Louisville with Cade Klubnik (250-plus passing yards, two TDs) and Phil Mafah (100-plus rushing yards, two TDs) doing work.

Persons: James Franklin, I’ve, We’ll, Ole Miss ’ Jaxson Dart, Colorado’s Shedeur Sanders, Travis Hunter, Shedeur Sanders, ike y, Al Organizations: Penn, Ohio State, Nittany Lions, Ole Miss, ust

☆ Americans are probably getting another interest rate cut 2 days after the election
▼ + stars: | 2024-11-06 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +6 min

The Federal Reserve is expected to cut interest rates by 25 basis points on Thursday. It follows a 50-basis-point rate cut in September — the first cut in four years. CME FedWatch, which forecasts interest rate changes based on market predictions, estimated an all-but-certain 25 basis point cut as of Wednesday afternoon. "Borrowers should understand that 'falling interest rates' are not the same as 'low interest rates,'" Greg McBride, Bankrate's chief financial analyst, said in a commentary. AdvertisementWhat are your financial plans if the Fed makes another rate cut?

Persons: —, Donald Trump, Trump, Jerome Powell, Powell, Helene, Milton, Cory Stahle, Julia Pollak, Greg McBride Organizations: Federal, Service, FedWatch, Boeing, BLS, Federal Reserve, PCE, Fed, asheffey

☆ Decision day: Oregon tops season’s first College Football Playoff Top 25 rankings
▼ + stars: | 2024-11-05 | by ( David Close | Kevin Dotson | ) edition.cnn.com time to read: +4 min

Much to the delight of Oregonians, sans Beavers supporters, the College Football Playoff (CFP) committee chose the Ducks as the nation’s top team in the first edition of this season’s rankings. Video Ad Feedback CNN's Andy Scholes explains the new, updated playoff format -- expanding from four teams to 12. CFP’s Top 25 rankings were the committee’s first of the season, while the Associated Press (AP) poll and coaches’ poll have been running since the preseason. Oregon dispatched Michigan, last season’s national champion, this past weekend and is heavily favored to defeat Maryland (4-4) on Saturday. 4 in the CFP poll.

Persons: Warde Manuel, Andy Scholes, Manuel, Curt Cignetti, Shaquille O’Neal Organizations: CNN, Beavers, College Football, Ducks, Big, Ohio State, SEC, Georgia, ESPN, CFP, CFP’s, Associated Press, Oregon, . Oregon, Maryland, . University of Miami, Hurricanes, ACC, Georgia Tech, UGA, Jackets, Canes, Hoosiers Locations: Ohio, Oregon, Alabama, Michigan, at, Atlanta, Indiana

☆ Americans are probably getting another interest rate cut this week — just days after the election
▼ + stars: | 2024-11-04 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

The Federal Reserve is expected to cut interest rates by 25 basis points on Thursday. It follows a 50-basis-point rate cut in September — the first cut in four years. CME FedWatch, which forecasts interest rate changes based on market predictions, estimated an all-but-certain 25 basis point cut as of Friday afternoon. Advertisement"Borrowers should understand that 'falling interest rates' are not the same as 'low interest rates,'" Greg McBride, Bankrate's chief financial analyst, said in a commentary. What are your financial plans if the Fed makes another rate cut?

Persons: —, Jerome Powell, Powell, Helene, Milton, Cory Stahle, Julia Pollak, Greg McBride Organizations: Federal, Service, FedWatch, Boeing, BLS, Federal Reserve, PCE, Fed, asheffey

☆ DOJ and FBI's limited scope on election lies and Obamacare for DACA recipients: Morning Rundown
▼ + stars: | 2024-11-01 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +7 min

The DOJ and FBI are preparing to combat election lies but have limited authority. Affordable Care Act coverage is available for DACA recipients for the first time. For the DOJ that means setting up an Election Threats Task force, focusing on the prosecutions of people who threaten election officials. To understand how that might play out, NBC News interviewed current and former Justice Department and FBI officials, as well as legal experts. For many DACA recipients who are unable to get job-based health insurance, a lack of access to government-funded programs meant their insurance options were limited or too expensive.

Persons: Donald Trump, “, ”, —, Trump, don’t, Read, Helene, Milton, Sarahi, Young Thug, Georgia’s, Sean “ Diddy ” Combs, Nicole MacDonald, isn’t, Biden, they’d, — Rich Bellis, Elizabeth Robinson Organizations: DOJ, FBI, Affordable, Trump, Justice Department, NBC News, Boeing, of Labor Statistics ’, University of Washington, Republican, Atlanta, NFL, NBC Locations: U.S, Swedish

☆ Expect the unexpected in the jobs report
▼ + stars: | 2024-11-01 | by ( Alicia Wallace | ) edition.cnn.com time to read: +11 min

In any other month, the finishing touch would be a clean reading on the labor market from the official jobs report. However, a common thread among economists is that the strikes and hurricanes could take a 100,000-job bite out of the October jobs report. The last time there were back-to-back major hurricanes — Harvey and Irma in 2017 — the forecasts for the following month’s jobs report were for a loss of 33,000 positions. And each contribute to two of the biggest numbers in the monthly jobs report. A key date to keep in mind for the jobs report is October 12, as it anchors the “reference period” for both surveys.

Persons: ’, Claudia Sahm, “ It’s, That’s, aren’t, FactSet, Joe Brusuelas, — Harvey, Irma, Sahm, Oliver Allen, Milton, ”, Harris, Kamala Harris, Donald Trump’s, We’re, Biden, Jared Bernstein, Joe Biden’s, “ Organizations: CNN, Boeing, Reserve, New Century Advisors, Labor, Survey, Bureau of Labor Statistics, of Labor, Challenger, ADP, BLS, RSM, Pantheon Macroeconomics, Republicans, The New York Times, Siena College, Associated Press Locations: Washington and Oregon

☆ The US added very few jobs in October after hurricanes and strikes shook the economy
▼ + stars: | 2024-11-01 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

The US economy added just 12,000 jobs in October, way under the forecast of 106,000. Labor market watchers expected cooler job growth than September's, partly because of recent hurricanes and strikes. AdvertisementThe US economy added just 12,000 jobs in October, falling way short of the forecast of 106,000. AdvertisementThe mixed results in the jobs report could complicate the Fed's interest rate plans into next year. The new jobs report is the last US employment report before the presidential election on November 5.

Persons: —, Hurricane Helene, Hurricane Milton, Milton, Lydia Boussour, NORC, Kamala Harris, Donald Trump Organizations: Labor, Service, Hurricanes, Bureau of Labor Statistics, Labor Statistics, Boeing, Reserve, AP Locations: Hurricane, United States

☆ Jobless rate ticks higher in October for white Americans, bucking the broader trend
▼ + stars: | 2024-11-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Yuki Iwamura | Bloomberg | Getty ImagesThe unemployment rate for white Americans inched higher in October, according to data released Friday by the Department of Labor. In October, white Americans saw their jobless rate rise to 3.8% from 3.6% in the month prior. On the other hand, the jobless rates for both white men and women edged higher in October. While Hispanic women saw their jobless rate climb to 5.2% from 4.8%, unemployment rates for their male counterparts slid to 4.0% from 4.1%. The unemployment rate also ticked lower for Black women to 4.9% from 5.3%, while it climbed to 5.7% from 5.1% for Black men.

Persons: Yuki Iwamura, Heidi Shierholz, Shierholz Organizations: New York, Bronx Library Center, Bloomberg, Getty, Department of Labor, Economic Policy Institute, CNBC Locations: Bronx, New York

☆ Expect the unexpected in Friday’s jobs report
▼ + stars: | 2024-10-31 | by ( Alicia Wallace | ) edition.cnn.com time to read: +10 min

☆ Friday's jobs report is expected to show the slowest pace of hiring in years
▼ + stars: | 2024-10-31 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Goldman Sachs estimates that Helene could shave as much as 50,000 off the payrolls count, though Hurricane Milton probably happened too late to impact the October count. The Boeing strike, meanwhile, could lower the total by 41,000, added Goldman, which is forecasting total payrolls growth of 95,000. Data has been solidYet indicators leading up to the much-watched jobs report show that hiring has continued apace and layoffs are low, despite the damage done from the storms and the strikes. Still, the White House is estimating that the events cumulatively may hit the payrolls count by as many as 100,000. The "disruptions will make interpreting this month's jobs report harder than usual," Jared Bernstein, chair of the Council of Economic Advisers, said Wednesday.

Persons: Angus Mordant, Dow Jones, Milton, Michael Arone, Arone, Goldman Sachs, Helene, Hurricane Milton, Goldman, Jared Bernstein Organizations: Bloomberg, Getty, of Labor Statistics, Hurricanes, Boeing, State Street Global Advisors, of Economic Advisers Locations: Catskill , New York, U.S, Hurricane

☆ Private sector added twice as many jobs as expected in October
▼ + stars: | 2024-10-30 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

CNN —Private sector hiring blew past expectations in October, another sign that the US labor market remains on solid footing, payroll processor ADP reported Wednesday. Non-governmental employers added 233,000 jobs in October, a sharp acceleration from the 159,000 net increase reported for September, according to ADP’s latest National Employment Report. Wednesday’s gains throttled economists’ expectations for job growth to slow to a mere 108,000 jobs from the initial estimate of 143,000, FactSet estimates show. Pantheon Macroeconomics is sticking with its forecast of 100,000 payroll gains, according to an investors note sent Wednesday. And while a resurgence in the labor market could raise concerns about a reacceleration in inflation, October’s ADP data showed otherwise, Richardson said.

Persons: Nela Richardson, Hurricane Helene, ADP’s tabulations, ” Richardson, Richardson, “, Irma, ” Samuel Tombs, Milton …, Wednesday’s, ” Organizations: CNN, ADP, Boeing, Labor Department, of Labor Statistics, Pantheon, Companies, Federal Reserve Locations: Hurricane Milton, Carolina, Florida, Milton, South Atlantic

☆ Why the October jobs report on Friday could sink the market's soft-landing narrative
▼ + stars: | 2024-10-30 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

September's payrolls report exceeded expectations, but economists see weak gains for October. Even with lower expectations, a poor print could reset the market's narrative around a soft landing. AdvertisementThe narrative around ongoing labor-market strength revived with September's payrolls report, which topped economists' expectations by over 100,000 jobs. "The October jobs report will likely show a severe but short-lived hit from hurricanes Helene and Milton," Adams said. Another sign that September's jobs numbers may have been overstated is that other employment indicators haven't started to trend upwards.

Persons: September's, —, Hurricanes Milton, Helene, Tom Essaye, Ben McMillan, McMillan, Goldman Sachs, there's, Goldman, Claudia Sahm, Michael Cuggino, Bill Adams, Milton, Adams, Neil Dutta, David Rosenberg, Rosenberg, Dutta Organizations: Service, Bureau of Labor Statistics, Hurricanes, Boeing, IDX Advisors, of Labor Statistics, Comerica, Funds, Federal Reserve, Macro, BLS, PMI

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