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☆ Some 70,000 child-care providers may close as federal aid ends, report finds. What that means for parents
▼ + stars: | 2023-09-12 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +6 min

Child care 'is a public good'Experts say that systemic change, such as broader parental leave and more public funding for child care, must be involved in order for child care to improve at a larger scale. The national annual cost of child care was about $10,853 for one child in 2022, the organization Child Care Aware of America found. In 2023, 67% of parents reported to spend 20% or more of their household income on child care, Care.com found. Use the benefits you have availableYour workplace may have some options to help you find care, such as backup care providers or on-site child care. Meanwhile, California, Colorado, Hawaii and New Mexico passed laws to provide universal preschool in the past year.

Persons: Lauren Rosenberg, Taryn Morrissey, Morrissey, Care.com, Katherine Gallagher Robbins Organizations: Portland Press Herald, Getty, U.S . Bureau of Labor Statistics, American University, U.S . Department of Labor, D.C, Strong, Society for Human Resource Management, District of Columbia, The National Partnership for Women, Washington, Washington , D.C, National Institute for Early Education Research Locations: Portland , Maine, Hamilton, America, Washington, U.S, California , Colorado , Connecticut, Delaware , Maine , Maryland , Massachusetts, Minnesota , New Jersey , New York , Oregon, Rhode Island, Washington ,, Florida , Iowa , Oklahoma , Vermont, West Virginia, Wisconsin, Georgia , Illinois, Maine, New York, , California , Colorado, Hawaii, New Mexico

☆ Drug kingpin El Chapo's wife Emma Coronel set to be released, say US authorities
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +2 min

Emma Coronel Aispuro, the wife of Joaquin Guzman, departs after the trial of Mexican drug lord Guzman, known as "El Chapo", at the Brooklyn Federal Courthouse, in New York, U.S., February 12, 2019. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSept 12 (Reuters) - Emma Coronel, the wife of imprisoned Mexican drug lord Joaquin "El Chapo" Guzman, will be freed in Los Angeles on Wednesday following her arrest in 2021 on drug trafficking charges, according to the U.S. Bureau of Prisons. It is not clear whether she faces charges for drug trafficking or other crimes inside Mexico. Coronel has two daughters with Guzman, whom she met when she was a young beauty queen and married in 2007 at age 18. Reporting by Lizbeth Diaz and Sarah Morland in Mexico City; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Emma Coronel Aispuro, Joaquin Guzman, Guzman, Brendan McDermid, Emma Coronel, Joaquin, El, Coronel, Lizbeth Diaz, Sarah Morland, Josie Kao Organizations: Brooklyn Federal, REUTERS, U.S . Bureau of Prisons, ., Prisons, Thomson Locations: Brooklyn, New York, U.S, Los Angeles, Sinaloa, Mexico's, Mexico, Mexico City

POINT PLEASANT BEACH, N.J. (AP) — As the U.S. races to build offshore wind power projects, transforming coastlines from Maine to South Carolina, much remains unknown about how the facilities could affect the environment. So far, four offshore wind projects have been approved by the federal government for the U.S. East Coast, according to the American Clean Power Association. The company is a Danish wind power business that will build two of the three offshore projects approved for New Jersey. Numerous others have been proposed, and the U.S. Bureau of Ocean Energy Management plans to review at least 16 offshore wind projects by 2025. The federal government has endorsed — but not required — compensation to the fishing industry for negative effects from offshore wind.

Persons: ”, Jim Hutchinson, ’, Greg Cudnik, Andy Lipsky, Phil Sgro, Meghan Lapp, “, Keith Craffey, Sgro, —, Frank Pallone Jr, Wayne Parry Organizations: PLEASANT, The Fisherman, U.S ., American Clean Power Association, Atlantic, U.S . Bureau of Ocean Energy Management, Fisheries Science, Biden Administration, Seafreeze, New, Baymen’s, Association, U.S . Commerce Department, Orsted, U.S . Rep, New Jersey Democrat, Twitter Locations: N.J, U.S, Maine, South Carolina, New Jersey, U.S . East Coast, , New York, Montauk, Atlantic City, Ocean City, Danish, Point Judith, Rhode Island, , New Jersey, American, —, United States, America, North Kingstown, New, Raritan, New York, New England, Block Island

☆ Slowing inflation is dragging on Kroger sales, even as consumers still feel a pinch
▼ + stars: | 2023-09-08 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

But it has created risk that customers could turn to retailers known for lower food prices, such as Walmart, Aldi or Dollar General . Kroger reaffirmed its full-year guidance, saying it expects identical sales excluding fuel to range between 1% and 2%. In an earnings release, he said the grocer expects inflation to "continue to decelerate" and expects a tougher backdrop for consumers in the months ahead. Kroger CEO Rodney McMullen said on an earnings call that slowing inflation could lift sales in another way. He said Kroger has stepped up security and added new tech to try to fight crime, but said Kroger expects the theft trends "will continue to be a challenge for the remainder of the year."

Persons: Kroger, Fred Meyer, Ralphs, King Soopers, Gary Millerchip, Rodney McMullen, McMullen, Millerchip Organizations: Kroger, LSEG, Target, Walmart, Aldi, Express, U.S . Bureau of Labor Statistics, Albertsons, S Wholesale Grocers, Grand Union Locations: U.S, Florida, Washington ,

☆ Fact Check-Forbes headline about Ebola outbreak at Burning Man is altered
▼ + stars: | 2023-09-07 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Forbes did not publish an article titled, “Yes, There’s An Ebola Outbreak At Burning Man.” Instead, it reported there was no Ebola outbreak at the Burning Man arts and music festival in the Nevada desert. “The image … appears to be an altered screenshot of a Forbes story entitled, ‘No, There’s Not An Ebola Outbreak At Burning Man,’” a spokesperson for Forbes said in an email to Reuters. The timestamp, author, and satellite image of the Burning Man festival in this article match the altered screenshot (here). Reuters found no evidence to support online claims that there was an Ebola outbreak at Burning Man (here). Forbes did not report that there was an Ebola outbreak at the Burning Man festival.

Persons: Forbes, revelers, ’ ”, ”, Scott Pauley, Read Organizations: Man, Facebook, Reuters, “ CDC, Centers for Disease Control, Prevention, U.S . Bureau of Land Management Locations: Nevada, Black Rock

☆ Burning Man attendees are expected to 'leave no trace,' but people fleeing the mud and rain left abandoned vehicles, furniture, tents, and trash
▼ + stars: | 2023-09-07 | by ( Ed Komenda | Gabe Stern | Scott Sonner | ) www.businessinsider.com time to read: +9 min

Burning Man attendees are returning home and local businesses are having to manage leftover mess. Burning Man organizers did not immediately respond to questions from The Associated Press about how the rain will impact the cleanup timeline. Next month, teams made up of federal employees and Burning Man organizers will again conduct a site inspection. Nevada U.S. Rep. Mark Amodei, whose district includes the Black Rock Desert, said Burning Man is a positive event for the area. AdvertisementAdvertisementStill, Amodei said, Burning Man organizers have been good partners and have cleaned up after themselves in past years, as their event permit requires.

Persons: Eleonora Segreti, Jeffrey Longoria, San Francisco, Longoria, Scott Sonner, John Asselin, Asselin, Mark Amodei, Amodei, Cliff Osborne, Andy Barron, Osborne, Alexander Elmendorf, Sonner, Stern, Rio Yamat, Ken Ritter Organizations: Service, Rock City, Tahoe, Walmart, U.S . Bureau of Land Management, Burning, Associated Press, AP, BLM, Man, Sierra, Nevada U.S . Rep, America Statehouse News Initiative, America Locations: Wall, Silicon, Nev, Nevada, San Francisco, Reno , Nevada, Reno, Italy, Tacoma , Washington, Las Vegas

☆ Fact Check-LA airport evacuated because of a suspicious item, not Burning Man quarantine
▼ + stars: | 2023-09-06 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

“Private jet from Burning Man lands at LAX and get (sic) quarantined on runway and airport evacuated,” read a post sharing video of the evacuation on messaging platform X, formerly known as Twitter (here). The X post included hashtags #Ebola and #outbreak that refer to a separate, unfounded narrative that there was a virus outbreak at Burning Man (here). Screenshots of the X post were also shared on Facebook (here) and (here). Burning Man festival organizers did not immediately respond to a request for comment. LAX was not evacuated because of a quarantine or reasons related to the Burning Man festival.

Persons: revelers, ”, Dae Levine, Scott Pauley, Read Organizations: Los Angeles International Airport, Man, Reuters, Posts, LAX, Facebook, U.S . Centers for Disease Control, Prevention, Los, Los Angeles World Airports, CDC, U.S . Bureau of Land Management Locations: Nevada, LA, Los Angeles, Black Rock

Political Cartoons View All 1146 ImagesEleonora Segreti, who lives in central Italy and made her second visit this year to Burning Man, left the site early Tuesday. Burning Man organizers did not immediately respond to questions from The Associated Press about how the rain will impact the cleanup timeline. Last year, after the festival’s return following a two-year hiatus due to the pandemic, the Burning Man team narrowly passed its Oct. 7 inspection. Next month, teams made up of federal employees and Burning Man organizers will again conduct a site inspection. Nevada U.S. Rep. Mark Amodei, whose district includes Black Rock Desert, said Burning Man is a positive event for the area.

Persons: Eleonora Segreti, ”, Jeffrey Longoria, San Francisco, Longoria, “, John Asselin, Asselin, Mark Amodei, Amodei, That’s, ” Amodei, Alexander Elmendorf, ___ Sonner, Stern, Rio Organizations: Rock City, Tahoe, Walmart, U.S . Bureau of Land Management, Burning, Associated Press, BLM, Man, Nevada U.S . Rep, America Statehouse News Initiative, America Locations: RENO, Nev, Nevada, San Francisco, Reno , Nevada, Reno, Italy, Black, Tacoma, Las Vegas

☆ One death reported at Burning Man, thousands stranded in mud and rain
▼ + stars: | 2023-09-03 | by ( ) www.reuters.com time to read: +3 min

Access to and from Black Rock City, the event site, was closed "for the remainder of the event," organizers said in a statement on social media. The Washoe County Sheriff's Office said the entrance to Burning Man had been closed due to flooding and anyone trying to get in "will be turned away." Local media reported there were around 73,000 "burners" in Black Rock City. The festival gets its name from its culminating event, the burning of a large wooden structure called the Man on the penultimate night. The site is in Nevada's Black Rock Desert, a large, flat, ancient lake bed known as a playa.

Persons: Kitty, Ben Joos, Trevor Hughes, revelers, Paul Reder, Reder, Rich McKay, Rosalba O'Brien Organizations: Black Rock City, USA, Sheriff's, Black, Washoe County Sheriff's, Local, U.S . Bureau of Land Management, Reuters, Thomson Locations: Idaho, Nevada, Black Rock, Pershing, Washoe County, San Francisco, Atlanta

☆ Thousands told to shelter in place at Burning Man fest in Nevada with access closed due to flooding
▼ + stars: | 2023-09-03 | by ( ) www.cnbc.com time to read: +2 min

RENO, Nev. (AP) — Thousands of Burning Man attendees trudged in sloppy mud on Saturday — many barefoot or wearing plastic bags on their feet — as flooding from storms swept through the Nevada desert, forcing organizers to close vehicular access to the counterculture festival. Revelers were urged to shelter in place and conserve food, water and other supplies. More than one-half inch of rain is believed to have fallen on Friday at the festival site, located about 110 miles (177 kilometers) north of Reno, the National Weather Service in Reno said. At least another quarter of an inch of rain is expected Sunday. "If it really turns into a disaster, well, no one is going to have sympathy for us," Jed said.

Persons: Revelers, wasn't, celebrants, weren't, Mike Jed, Jed Organizations: U.S . Bureau of Land Management, National Weather Service, The Reno Gazette, Associated Press, Land Management, Sheriff's Office Locations: RENO, Nev, Reno, Pershing

☆ Rain and mud leave Burning Man revelers stranded in Nevada desert
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +1 min

A satellite view shows the center camp during the 2023 Burning Man festival, in Black Rock Desert, Nevada, U.S., August 28, 2023. Maxar Technologies/Handout via REUTERS/File Photo Acquire Licensing RightsSept 2 (Reuters) - Tens of thousands of revelers attending the Burning Man festival in the Nevada desert have been asked to shelter in place and conserve food and water on Saturday after a rainstorm turned the site into mud. Access to and from Black Rock City, the event's site, was closed "for the remainder of the event," organizers said in a statement on social media. "Rain over the last 24 hours has created a situation that required a full stop of vehicle movement on the playa. The festival gets its name from its culminating event, the burning of a large wooden structure called the Man on the penultimate night.

Persons: revelers, Maria Caspani, Diane Craft Organizations: Maxar Technologies, REUTERS, Black, Black Rock City, U.S . Bureau of Land Management, Thomson Locations: , Nevada, U.S, Nevada, Black Rock, San Francisco

☆ Heading into Labor Day weekend, Biden celebrates new job growth
▼ + stars: | 2023-09-01 | by ( Emma Kinery | ) www.cnbc.com time to read: +1 min

U.S. President Joe Biden speaks about the August U.S. jobs and employment report numbers in the Rose Garden of the White House in Washington, D.C., Sept. 1, 2023. WASHINGTON — President Joe Biden lauded new jobs data out Friday that showed robust growth in the past month. Friday's jobs report from the U.S. Bureau of Labor Statistics showed nonfarm payrolls increased by 187,000 in August, beating estimates of 170,000. The unemployment rate rose to 3.8%, up from 3.5% in July, and the highest it has been since February 2022. Nonetheless, Biden noted last month's jobless rate was far below 6.3% unemployment, the rate when he took office in January 2021.

Persons: Joe Biden, Biden, I've Organizations: White, Washington , D.C, WASHINGTON, Labor, America, U.S . Bureau of Labor Statistics, Federal Reserve Locations: Rose, Washington ,

☆ Hollywood sheds 17,000 jobs in August amid ongoing strikes
▼ + stars: | 2023-09-01 | by ( Stefan Sykes | ) www.cnbc.com time to read: +1 min

Actor Karen Brown walks the picket line with fellow SAG-AFRA actors and Writers Guild of America (WGA) writers in front of Paramount Studios in Los Angeles, California, July 17, 2023. Hollywood's labor pool is taking a hit as the dual strikes by actors and writers drag on. The film, TV and music sectors shed a combined 17,000 jobs in August, "reflecting strike activity," the U.S. Bureau of Labor Statistics said Friday morning. In contrast, the U.S. economy added 187,000 jobs during the month, spurred by growth in the health care, leisure and construction industries. The job losses for the motion picture and sound recording industries underscore one effect of the Writers Guild of America and SAG-AFTRA strikes, which began in May and in mid-July, respectively.

Persons: Karen Brown, Dow Jones Organizations: SAG, Writers Guild of America, Paramount Studios, U.S . Bureau of Labor Statistics, WGA, Alliance, Television Producers, Netflix, Disney Locations: Los Angeles , California, U.S

☆ The job market shows signs of ‘normalizing,' labor economist says — here’s what that means for workers
▼ + stars: | 2023-08-31 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

Job openings and layoffs dropped slightly for another consecutive month in July, according to government data released on Tuesday. The number of job openings edged down to 8.8 million in July, dropping from 9.58 million in June, reported the U.S. Bureau of Labor Statistics in its monthly Job Openings and Labor Turnover Survey. While the drop in job openings was significant, the reduction is due to little turnover, said Elise Gould, a senior economist at The Economic Policy Institute. However, as that churn declines, so will the number of job openings. "It's not because things are necessarily contracting, it's just normalizing somewhat," she said of the labor market.

Persons: Quits, Elise Gould Organizations: U.S . Bureau of Labor Statistics, Labor, Economic Policy Institute, Finance

☆ With housing, Buffett chooses a great location
▼ + stars: | 2023-08-30 | by ( Ben Winck | ) www.reuters.com time to read: +4 min

WASHINGTON, Aug 30 (Reuters Breakingviews) - Mortgages are pricey, but Warren Buffett seems to think that’s a good thing for homebuilders. Horton (DHI.N), Lennar (LEN.N) and NVR (NVR.N), just as mortgage rates hit the highest level in nearly 23 years. That’s 3% less than last year, and 7% less than the average used-home price today. Horton, NVR and Lennar on Aug. 14. The conglomerate, run by billionaire investor Warren Buffett, purchased $726 million, $71 million and $17 million of DR Horton, NVR and Lennar shares, respectively, throughout the second quarter, according to a Securities and Exchange Commission filing.

Persons: Warren Buffett, Berkshire Hathaway, D.R . Horton, Horton, NVR, Lauren Silva Laughlin, Sharon Lam Organizations: Reuters, U.S . Bureau of Labor Statistics, Buffett, Berkshire, Securities and Exchange Commission, Mortgage Bankers Association, Census, Thomson Locations: . Berkshire, D.R ., Horton, U.S, New York, Los Angeles, Berkshire, that’s, homebuilders D.R, DR

☆ Factbox: From UPS to Detroit Three automakers, US labor unions flex muscle
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +4 min

Teamster member Sergio Martinez yells out during a rally outside a UPS facility in downtown in Los Angeles, California, U.S. July 19, 2023. AIRLINES & AEROSPACE FIRMSPilots at several airlines including American Airlines (AAL.O), Delta Airlines (DAL.N), United Airlines Holdings (UAL.O), Spirit Airlines (SAVE.N), Jetblue Airways (JBLU.O) negotiated new job contracts this year. Members of some unions like the Southwest Airlines Pilots Association have voted to authorize a strike if a new contract is not reached. U.S. Steel (X.N), which is reviewing multiple proposals ranging from partial acquisition to an entire buyout, is embroiled in a tussle with the United Steel Workers union. Labor unions secured new contract agreements at multistate operator-owned cannabis dispensaries in Illinois and in New Jersey in July.

Persons: Sergio Martinez, Mike Blake, Mrinalika Roy, Sriraj Organizations: REUTERS, Bureau of Labor Statistics, Reuters, Screen, United Parcel Service, FedEx, Pilots, AIRLINES & AEROSPACE, American Airlines, Delta Airlines, United Airlines Holdings, Spirit Airlines, Jetblue Airways, Southwest Airlines Pilots Association, United Auto Workers, UAW, Detroit Three, Cliffs Inc, United Steelworkers, U.S . Steel, United Steel Workers, Workers, Green Thumb Industries, Labor, Thomson Locations: Los Angeles , California, U.S, Wichita , Kansas, Cleveland, Los Angeles, New York City, Chicago, Illinois, New Jersey, Bengaluru

☆ Former White House economic advisor says more Fed hiking is coming
▼ + stars: | 2023-08-29 | by ( Chelsey Cox | ) www.cnbc.com time to read: +1 min

WASHINGTON — A former White House economist on Tuesday said he thinks the Federal Reserve will hike interest rates again amid rising inflation numbers and energy prices. "The hiking is coming again," Kevin Hassett, former chairman of the Council of Economic Advisers under then-President Donald Trump, told CNBC's "Squawk Box." Hassett was referencing headline inflation, a measure of the total inflation within the economy including commodities such as food and energy. The CPI rose 0.2% for the month in July and 3.2% compared with the year prior. Though the annual rate of headline inflation came in below expectations, it marked an increase from 3% in June, according to the U.S. Bureau of Labor Statistics.

Persons: WASHINGTON —, Kevin Hassett, Donald Trump, CNBC's, Hassett Organizations: White House, of Economic Advisers, U.S . Bureau of Labor Statistics

☆ Stock futures are little changed after a third straight winning day on Wall Street: Live updates
▼ + stars: | 2023-08-29 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

S&P 500 futures and Nasdaq 100 futures also both hovered around 0.1% higher. The moves followed a third consecutive winning session on Wall Street as investors made up some ground at the end of the month. The S&P 500 rose about 1.5%, notching its best performance since June. The Nasdaq Composite is poised to end August 2.8% lower, while the Dow and S&P 500 are both slated for drops of around 2%. Jobless claims numbers are due Thursday, followed by data on nonfarm payrolls, wages and the unemployment rate on Friday.

Persons: Dow, Tuesday's, Dow Jones, Sonu Varghese, Brown, Forman, Daniel's Organizations: New York Stock Exchange, Stock, Dow Jones Industrial, Nasdaq, Conference, U.S . Bureau of Labor Statistics, Treasury, Federal, Carson Group, Dow Locations: New York City

☆ First US offshore wind auction in Gulf of Mexico attracts paltry interest
▼ + stars: | 2023-08-29 | by ( Nichola Groom | ) www.reuters.com time to read: +4 min

RWE is among the world's largest offshore wind developers, with an extensive portfolio in Europe, and has also secured leases off the coasts of California and New York. The Southeast also has low power prices that could make it harder for higher-cost offshore wind generation to compete for electricity contracts. Texas does not have an offshore wind target. "Today's auction results show the important role state public policy plays in offshore wind market development," Liz Burdock, CEO of the Business Network for Offshore Wind, said in a statement. They included offshore wind development arms of European energy companies Equinor (EQNR.OL) and Shell (SHEL.L), who also have oil and gas operations in the Gulf.

Persons: Karen, Steve Nesius, Biden administration's, Germany's, RWE, Liz Burdock, Joe Biden's, ”, Elizabeth Klein, Nichola, Marguerita Choy, Nick Zieminski Organizations: REUTERS, ASA, Texas, U.S . Bureau of Ocean Energy Management, Carolinas, Business Network, Offshore, of Ocean Energy Management, Shell, . Developers, Thomson Locations: Dauphin Island , Alabama, Gulf of Mexico, Louisiana, New York, New Jersey, California, Europe, U.S, Gulf, Mexico, Texas, of Mexico

Members of the United Auto Workers union hold a rally and practice picket near a Stellantis plant in Detroit, Aug. 23, 2023. Gallup reports 71% of Americans approved of labor unions in 2022 — the highest since 1965. United Airlines struck a preliminary agreement with its pilots union last month for up to 40% raises over four years. Casey Murray, president of the Southwest Airlines Pilots Association, said frequent reassignments can wear pilots down, just as they would passengers. "They need that predictability," he said, adding that the company has made some progress in talks with the pilots' union in recent weeks.

Persons: Michael Wayland, Robert Bruno, Mario Tama, Daniel, Chris, Wells, Shawn Fain, CNBC It's, Melissa Atkins, hadn't, Johnnie Kallas, Cornell's, Casey Murray, UIUC's Bruno, it's Organizations: United Auto Workers, CNBC, UPS, Workers, Boeing, Spirit, Guild of America, Labor, University of Illinois, Striking, Paramount Studios, Getty, Cornell University School of Industrial and Labor Relations, Screen, – American Federation of Television, Radio Artists, Writers Guild of America, U.S . Bureau of Labor Statistics, Gallup, General Motors, Ford Motor, UAW, Deere, CNH, Detroit, Teamsters Union, Delta Air Lines, American Airlines, United Airlines, Netflix, Warner Bros ., WGA, SAG, Hollywood, Southwest Airlines, Southwest Airlines Pilots Association, U.S, Teamsters Locations: Detroit, Amazon, University of Illinois Urbana, Champaign, Los Angeles, Hollywood

NEWTON, Iowa — Republican presidential candidate Vivek Ramaswamy said he would like Elon Musk to be an adviser in his administration should he be elected. The statement came in response to a town hall question from a voter on Friday, asking the 38-year-old entrepreneur where he would seek guidance if elected. Musk on Aug. 17 reposted an interview on his social media platform, X, between Ramaswamy and Tucker Carlson, calling Ramaswamy “a very promising candidate.”Ramaswamy admires the mass layoffs Musk conducted after taking over Twitter last year. Last month, Ramaswamy participated in a virtual discussion with Musk where the CEO described himself as a moderate voter. Ron DeSantis announced his bid for the White House in a Twitter Space in May, a stunt which crashed the platform due to high traffic.

Persons: Vivek Ramaswamy, Elon, Ramaswamy, “ I’ve, Elon Musk, ”, Tucker Carlson, Ramaswamy “, ” Ramaswamy, Musk, Hawkeye, Joe Biden, ” Musk, Ron DeSantis Organizations: Republican, Twitter, NBC News, GOP, of Education, Federal Bureau of Investigation, Alcohol, Tobacco, Firearms, Explosives, NBC, Florida Gov, White Locations: NEWTON, Iowa

☆ American workers are demanding almost $80,000 a year to take a new job
▼ + stars: | 2023-08-21 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

The amount of money most workers want now to accept a job reached a record high this year, a sign that inflation is alive and well at least in the labor market. Over the past three years, which entails the Covid-19 pandemic era, the level has risen more than 22%. Though there was a gap between the wage workers wanted and what was offered, satisfaction with compensation and upward mobility increased across the board. Job seekers, or those who have looked for work in the previous four weeks, declined to 19.4% from 24.7% a year ago. That came as job openings fell 738,000 to 9.58 million, according to the U.S. Bureau of Labor Statistics.

Organizations: New, Federal, New York Fed, Atlanta Fed, Employers, U.S . Bureau of Labor Statistics

By Meg Anderson, vice president and chief information security officer at Principal®This story previously appeared on principal.com. Employment of information security analysts is expected to grow 31% from 2021 to 2031*, outpacing the average for all occupations. There's always room for continued improvement in digital operations, of course, but we can start feeling more optimistic about progress that's been made toward cybersecurity for small businesses. *U.S. Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, information security analysts, September 2022. © 2023 Principal Financial Services, Inc. Principal®, Principal Financial Group®, and Principal and the logomark design are registered trademarks of Principal Financial Services, Inc., a Principal Financial Group company, in the United States and are trademarks and service marks of Principal Financial Services, Inc., in various countries around the world.

Persons: Meg Anderson, we've, what's, We've, cybersecurity, There's, that's Organizations: Software, Cyber Readiness, CRI, Infrastructure Security Agency, Insider Studios, U.S . Bureau of Labor Statistics, . Department of Labor, Life Insurance, Financial Services, Inc, Financial Group Locations: I'm, cyberattacks, Des Moines, United States

☆ Union fights grow US workers’ slice of profit pie
▼ + stars: | 2023-08-18 | by ( Ben Winck | ) www.reuters.com time to read: +4 min

Strong demand for workers has given organized workers a stronger hand at the bargaining table. The United Steel Workers union has asserted itself aggressively in a bidding battle for U.S. Steel (X.N). Corporate profit is 30% above its pre-crisis high, at $2.7 trillion, according to the U.S. Bureau of Economic Analysis. With organized workers showing clout, they’ll be able to pull some more profit their way. Trucking company Yellow filed for Chapter 11 bankruptcy protection on Aug. 7 after halting operations the week prior.

Persons: Darren Hawkins, they’ll, . Steel, “, Carole Tome, Lauren Silva Laughlin, Sharon Lam Organizations: Reuters, U.S, Workers, Economic, United Parcel Service, United Steel Workers, U.S . Steel, UPS, Teamsters, U.S . Bureau, Reuters Graphics Reuters, ., Trucking, International Brotherhood of Teamsters, Thomson Locations: Cleveland, U.S

☆ Here's why Americans can't stop living paycheck to paycheck
▼ + stars: | 2023-08-17 | by ( Juhohn Lee | ) www.cnbc.com time to read: +2 min

For many Americans, payday can't come soon enough. As of June, 61% of adults are living paycheck to paycheck, according to a LendingClub report. In other words, they rely on those regular paychecks to meet essential living expenses, with little to no money left over. Almost three-quarters, 72%, of Americans say they aren't financially secure given their current financial standing, and more than a quarter said they will likely never be financially secure, according to a survey by Bankrate. That amount already accounts for about 61% of the median take-home pay.

Persons: Ida Rademacher, there's, Kamila Elliott Organizations: Aspen Institute, Principal Financial, Institute, Finance, U.S . Bureau of Labor Statistics, for Community, Economic Research, Wealth Partners, CNBC's Locations: U.S, Atlanta

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