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REUTERS/Leah Millis Acquire Licensing RightsWASHINGTON, Nov 4 (Reuters) - U.S. Representative Rashida Tlaib, the first Palestinian-American woman to serve in Congress, has accused President Joe Biden of supporting a "genocide" against Palestinians and warned of repercussions in next year's election. The White House did not directly comment on Tlaib remarks and instead reiterated its position on a temporary pause in fighting. Biden, support ceasefire now or don't count on us in 2024," Tlaib said. On Thursday, a group of seven independent United Nations experts said time was running out for Palestinians in Gaza who are at "grave risk of genocide". Israel says it is targeting Hamas, not civilians, and accuses the Iran-backed militants of using residents as human shields.
Persons: Rashida Tlaib, Leah Millis, Joe Biden, Biden, Tlaib, Benjamin Netanyahu, you’ve, Israel, Lucia Mutikani, Jarrett Renshaw, Daniel Wallis Organizations: U.S . Capitol, REUTERS, Rights, Twitter, Democratic, Israel, White, National Security, Hamas, United Nations, Thomson Locations: Gaza, Washington , U.S, Palestinian, Michigan, Israel, United States, Food, Washington, Iran, Geneva
Still, the US presence highlighted the deepening ties between Hollywood and the region , as Western media, entertainment, and sports entities have seen major investment in recent years from Saudi, Qatar, and the UAE. Even before October 7, US entities that were receiving investment from the Middle East were reluctant to speak publicly about those relationships. Insider spoke with investors, producers, and other media and entertainment stakeholders about what's next for Hollywood's relationships with Mideast backers. Qatar hasn't seen any recent major deals but earlier this year, Peter Chernin and Providence Equity's production roll-up The North Road received $150 million from the Qatar Investment Authority. "The political nature gets more complicated," an industry insider observer said, noting how countries like Qatar are grabbing headlines for their role in the situation.
Persons: haven't, Jamal Khashoggi, Israel, it's, Knaebel, They're, Greg Silverman's, Silverman, Harry Potter, Chris Nolan's, Abu Dhabi's, Ari Emanuel, Peter Chernin, Jeff Zucker, LIV Golf Organizations: Film, Washington Post, Hollywood, Global Media, Saudi, Stampede Ventures, Warner Bros, Endeavor, Qatar hasn't, Providence, North, Qatar Investment Authority, IMI, CNN, Investment Fund, PGA Locations: Saudi Arabia, American, Jeddah, Saudi, Qatar, UAE, Gaza, Israel, Germany, Silver
Nonfarm payrolls increased by 150,000 jobs last month, the Labor Department's Bureau of Labor Statistics (BLS) said in its closely watched employment report on Friday. The economy needs to create roughly 100,000 jobs per month to keep up with growth in the working-age population. The report could strengthen financial market expectations that the Federal Reserve is done raising interest rates for the current cycle. The labor market is the major force behind the economy's staying power, with gross domestic product recording an annualized growth pace of nearly 5% in the third quarter. But others disagreed, saying that the record-setting contracts would only become an issue for wage inflation if the Fed raised rates too high and choked off demand.
Persons: Brian Snyder, Detroit's, Lucia Mutikani, Nick Zieminski Organizations: Taylor Party, Equipment Rentals, REUTERS, Rights, United Auto Workers, UAW, Labor Department's Bureau of Labor Statistics, Reuters, BLS, Federal, UPS, Thomson Locations: Somerville , Massachusetts, U.S
The anticipated moderation in employment growth last month would also be pay back after September's enormous gains, the largest in eight months. The Labor Department's closely watched employment report on Friday is expected to show labor market conditions steadily easing, with annual wage growth the smallest in nearly 2-1/2 years and significant growth in the supply of workers. Manufacturing payrolls are forecast falling 10,000 after advancing 17,000 in September. Last week, the BLS reported at least 30,000 UAW members were on strike during the period it surveyed businesses for October's employment report. Wages gains would still be above the 3.5% that economists say is consistent with the Fed's 2% target.
Persons: Brian Snyder, Detroit's, Sam Bullard, payrolls, Veronica Clark, we've, Sung Won Sohn, we're, Brian Bethune, that's, Lucia Mutikani, David Gregorio Our Organizations: Taylor Party, Equipment Rentals, REUTERS, UAW, United Auto Workers, Labor, Federal Reserve, Labor Department's Bureau of Labor Statistics, Manufacturing, BLS, Citigroup, UPS, Finance, Loyola Marymount University, Boston College, Thomson Locations: Somerville , Massachusetts, U.S, WASHINGTON, Wells, Charlotte , North Carolina, New York, Los Angeles
CNN —Alec Baldwin is thinking about returning to the small screen in a surprising way. During a conversation on the “Let’s Talk Off Camera” podcast, Baldwin talked to host Kelly Ripa about the possibility starring in a reality show with his wife, Hillaria. Baldwin reveled that he and is wife “have thought a lot” about doing it. “Everything I do is filtered through the idea of my family,” Baldwin said. During the podcast with Ripa Baldwin touched on how he hopes the industry handles using ammunition on sets moving forward.
Persons: Alec Baldwin, Baldwin, Kelly Ripa, ” Ripa, Baldwin reveled, , , Carmen, Rafael, Leonardo, Eduardo, ” Baldwin, Kim Basinger, we’ve, “ Rust, Halyna Hutchins, Joel Souza, Ripa Baldwin Organizations: CNN Locations: Lucia, California, Ireland
Disney's Hulu has a lot riding on "Black Cake," its adaptation of Charmaine Wilkerson's New York Times bestseller that centers on a Black family and spans decades and geographies from Jamaica to Scotland to California. Several Caribbean bakeries across the US will give out samples of black cake, the rum-soaked treat that's at the heart of the story. Hulu's partnerships start with the audienceMatthews and her team put together about a dozen partnerships a year tied to big releases. For "Black Cake," the book's fan base and defining themes were front and center for Hulu. Customers must be members of Barnes & Noble's Premium Membership ($39.99 a year) to see the "Black Cake" sneak peek, which let the bookseller promote its rewards program.
Persons: Charmaine Wilkerson's, Marissa Jo Cerar, Oprah Winfrey, Aaron Kaplan, Hulu, Noble, Adia Matthews, Matthews, screeners, , Danny Trejo —, Postmates, Selena Gomez's, Cynthia Di Meo, Mabel Mora, Influencers, Barnes Organizations: Hulu, Charmaine Wilkerson's New York Times, Harpo Films, Entertainment, Barnes, Spelman College, Howard University, Hollywood, Con, Samba, Walt Disney Co, Disney Locations: Jamaica, Scotland, California, Caribbean, it's, Southern California, Los Angeles, LA, American, Hollywood
The Job Openings and Labor Turnover Survey, or JOLTS report from the Labor Department on Wednesday also showed layoffs dropping to a nine-month low. There were 1.50 job openings for every unemployed person in September, slightly up from 1.49 in August and way above the pre-pandemic ratio of 1.2. Data for August was revised lower to show 9.497 million job openings instead of the previously reported 9.610 million. Economists polled by Reuters had forecast 9.250 million job openings in September. Job openings dropped 43,000 in federal government and there were 41,000 open positions in the information industry.
Persons: Christopher Rupkey, Conrad DeQuadros, Lucia Mutikani, Chizu Organizations: Federal Reserve, Labor, Survey, Labor Department, Treasury, Reuters, Brean, Institute for Supply Management, United Auto Workers, UAW, Detroit's Big, Ford Motor, General Motors, Chrysler, Thomson Locations: WASHINGTON, U.S, New York
Lonely Planet’s top places to go in 2024
  + stars: | 2023-10-31 | by ( Maureen Ohare | Maureen O'Hare | ) edition.cnn.com   time to read: +6 min
CNN —Get your wishlist fired up, Lonely Planet just revealed its 50 top travel destinations for the year ahead. The travel publishing empire turns 50 this year, and its bumper Best in Travel 2024 list is expanded across five categories: top countries, regions, cities, sustainable travel destinations and best-value locations. The “wild beauty” of South Africa also gets a nod, with Lonely Planet recommending visitors check out the country’s “impressive crop of ecolodges” committed to protecting Earth’s biodiversity. The underrated American Midwest is the top tip here: in cities such as Chicago, Milwaukee and Detroit, “you’ll find old warehouses transformed into art studios, new eco design hotels and many Michelin-starred restaurants,” says Lonely Planet. Says Lonely Planet, “Here you’ll find the highest sea cliffs in Europe and miles of unspoilt coastal hiking trails.”Lonely Planet’s Best in Travel 2024India: A big country with a whole lot to love, including Gadisar lake in Rajasthan.
Persons: CNN —, Lucia, Torres del, ecolodges ”, Babanango, , , you’ll, Ilan Shacham, Ireland País Vasco, Português, daniel Organizations: CNN, Lonely, Lonely Planet, Kenyan, Michelin, Getty, Mongolia India Morocco Chile Benin Mexico Uzbekistan Pakistan Croatia St, Regions, CNN Cities Nairobia, Chile Greenland, Lithuania Eco, France Egypt Ikaria, Greece Algeria Southern Lakes, Central Otago , New Zealand Locations: Mongolia, Mexico, Croatia, St, Benin, Uzbekistan, City, Nairobi, Paris, Prague, Czech, , Patagonia, Torres del Paine, Spain, Valencia, Barcelona, South Africa, South, KwaZulu Natal, Chicago, Milwaukee, Detroit, Algeria, Northern Africa, Europe, Balkans, Slovenia, Bosnia, Hercegovina, Montenegro, Albania, North Macedonia, Kosovo, Serbia, Adriatic, Donegal, Ireland’s, India, Rajasthan, Mongolia India Morocco Chile Benin Mexico Uzbekistan Pakistan Croatia, Lucia Macedonia, South Australia Donegal, Ireland, Spain Southern Thailand Swahili, Tanzania Montana, USA, Austria, Kenya Paris, France Montreal, Canada Mostar, Herzegovina Philadelphia , Pennsylvania Manaus, Brazil Jakarta, Indonesia Prague, Czech Republic Izmir, Turkey Kansas City , Missouri, Spain Patagonia, Argentina, Chile, Chile Greenland Wales, Santiago Palau Hokkaido, Japan Ecuador Baltic, Estonia, Latvia, Lithuania, South Africa Poland, USA Poland Nicaragua Danube Limes, Bulgaria Normandy, France Egypt, Greece Algeria Southern, Central Otago , New
AB InBev's studio head is out, the latest marketing shakeup at the Anheuser-Busch parent company following the Bud Light fiasco . The company put seasoned AB InBev marketer Lauren Denowitz in charge as global studio head while enlisting help from Oscar-winning Michael Sugar's production company, Sugar23, and branded entertainment guru Jae Goodman . Bud Light faced months of conservative-led protests and falling sales over its partnership with transgender influencer Dylan Mulvaney. The Anheuser-Busch controversy started in April when the company sent Mulvaney a personalized Bud Light can for a March Madness contest. The fallout has dragged down US performance for two quarters in a row, even as AB InBev beat expectations in the most recent quarter.
Persons: Bud, Lauren Denowitz, Michael Sugar's, Jae Goodman, Bud Light, influencer Dylan Mulvaney, Denowitz didn't, Michel Doukeris Organizations: Anheuser, Busch, Hollywood, InBev, Brands, Bud Light, UFC
US consumer confidence fall further in October
  + stars: | 2023-10-31 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Bing Guan/File Photo Acquire Licensing RightsWASHINGTON, Oct 31 (Reuters) - U.S. consumer confidence declined for a third straight month in October amid persistent worries about inflation, higher borrowing costs and the political environment, a survey showed on Tuesday. The Conference Board said its consumer confidence index fell to 102.6 this month from an upwardly revised 104.3 in September. Economists polled by Reuters had forecast the index slipping to 100.0 from the previously reported 103.0. "Consumers also expressed concerns about the political situation and higher interest rates. Reporting by Lucia Mutikani; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.
Persons: Bing Guan, Dana Peterson, Consumers, Lucia Mutikani, Chizu Organizations: REUTERS, Rights, Board, Reuters, Conference Board, Thomson Locations: SoHo, New York City, U.S
Wages boost US labor costs in third quarter
  + stars: | 2023-10-31 | by ( Lucia Mutikani | ) www.reuters.com   time to read: +3 min
The Employment Cost Index (ECI), the broadest measure of labor costs, rose 1.1% last quarter after increasing 1.0% in the April-June period, the Labor Department's Bureau of Labor Statistics reported. Labor costs increased 4.3% on a year-on-year basis after advancing by 4.5% in the second quarter. Wages increased 1.2% in the third quarter after climbing 1.0% in the prior three months. They were up 4.6% on a year-on-year basis after advancing by the same margin in the second quarter. Inflation-adjusted wages for all workers rose 0.9% on a year-on-year basis after jumping 1.7% in the second quarter.
Persons: Megan Varner, Rubeela Farooqi, Lucia Mutikani, Paul Simao Organizations: REUTERS, Rights, Federal Reserve, Labor Department, Treasury, Fed, Labor Department's Bureau of Labor Statistics, Reuters, Labor, State, Thomson Locations: Dalton , Georgia, U.S
Robyn PearsonHyslop and two friends from college cofounded The Gist in 2017, and she continues to serve as head of content. While it's geared toward female fans, The Gist's content equally covers both men's and women's sports, inspired by the initial mission of its founders to include everyone in conversations about sports. "And I think that we're proving that you can do something different and still do it really, really well." Guides to specific sports break down the rules and document how women have shaped the game. The Gist's TikTok and Instagram platforms both have about 170,000 followers, with an additional almost 45,000 for Canadian sports news .
Persons: Ellen Hyslop, Robyn Pearson Hyslop, Gist, Hyslop Locations: Toronto, Canada
Excluding the volatile food and energy components, the PCE price index rose 0.3%, after edging up 0.1% in August. The so-called core PCE price index rose 3.7% on a year-on-year basis in September, the smallest gain since May 2021, after increasing 3.8% in August. Stripping out housing, the core PCE price index rose by a mild 0.2%. The super core PCE price index advanced 4.3% year-on-year in September. Policymakers are watching the super core PCE price index to try and gauge their progress in combating inflation.
Persons: Bing Guan, Sal Guatieri, James Knightley, Chris Low, Pooja Sriram, Lucia Mutikani, Chizu Organizations: REUTERS, Commerce Department, Federal, BMO Capital Markets, Commerce Department's, Economic, Reuters, Consumer, ING, FHN, Treasury, Fed, Barclays, Thomson Locations: SoHo, New York City, U.S, WASHINGTON, Toronto, New York
Apple TV+ is a small but influential player in the streaming wars. And Apple has signaled it wants to grow its streaming content slate at a time when other media companies are contracting. Apple is "always looking" for films that "highlight humanity," according to one of the agency documents. As a side hustle of a massive retail business, Apple TV+ can fly under the radar, insulated from economic pressures that have roiled the entertainment business. (Apple TV+ was the first streamer to win the best picture Oscar, in 2022, for "CODA," which it acquired at the Sundance Film Festival).
Persons: Martin Scorcese's, Reese Witherspoon, Apple, execs, Apple hasn't, Jason Sudeikis, Ted Lasso, Rose Byrne, Seth Rogen, Jon Stewart's, Isaac Asimov's, John Krasinski, Stephen Curry, Ridley Scott's, Napoleon, They're Organizations: Apple, Netflix, Disney, New York Times, Major League Soccer, Major League Baseball, New England Patriots, Sundance Locations: China
While the anticipated robust growth pace notched last quarter is probably not sustainable, it would demonstrate the economy's resilience despite aggressive interest rate hikes from the Federal Reserve. According to a Reuters survey of economists, GDP likely increased at a 4.3% annualized rate last quarter, which would be the fastest since the fourth quarter of 2021. Others are not too concerned, noting the labor market continues to churn out jobs at a solid clip. Growth last quarter was also seen lifted by a smaller trade deficit, thanks to strong exports and increased inventory investment. But the labor dispute, which is costing auto makers millions of dollars per week, could weigh on growth in the fourth quarter.
Persons: Andrew Kelly, Joe Biden's, Sal Guatieri, Luke Tilley, it's, Yelena Shulyatyeva, Brian Bethune, Lucia Mutikani, David Gregorio Our Organizations: REUTERS, Business, WASHINGTON, Federal Reserve, United Auto Workers, BMO Capital Markets, Consumer, Wilmington Trust, Labor, Labor Department, U.S, Treasury, Financial, Group's, BNP, Boston College, Thomson Locations: Brooklyn , New York City, U.S, Toronto, American, Wilmington, Philadelphia, New York
US economic growth accelerates in third quarter
  + stars: | 2023-10-26 | by ( Lucia Mutikani | ) www.reuters.com   time to read: +3 min
Gross domestic product increased at a 4.9% annualized rate last quarter, the fastest since the fourth quarter of 2021, the Commerce Department's Bureau of Economic Analysis said in its advance estimate of third-quarter GDP growth. The economy grew at a 2.1% pace in the April-June quarter and is expanding at a pace well above what Fed officials regard as the non-inflationary growth rate of around 1.8%. While the robust growth pace notched last quarter is unlikely sustainable, it was testament to the economy's resilience despite aggressive interest rate hikes from the Federal Reserve. Growth could slow in the fourth quarter because of the United Auto Workers strikes and the resumption student loan repayments by millions of Americans. Since March, the U.S. central bank has raised its benchmark overnight interest rate by 525 basis points to the current 5.25% to 5.50% range.
Persons: Andrew Kelly, Lucia Mutikani, Nick Zieminski Organizations: REUTERS, Rights, Gross, Commerce Department's, Reuters, Federal Reserve, United Auto Workers, Labor, Labor Department, Treasury, Group's, Thomson Locations: Brooklyn , New York City, U.S
And now the medieval Garisenda “leaning” tower in Bologna is sparking very modern publicity, with concern that it might be subsiding. But it leans at an angle of four degrees – only a little more upright than the Leaning Tower of Pisa, set at a tipsy five-degree angle. Shortened in later years, it sits in the city center beside the Asinelli – a tower twice the height, which tourists can climb. Lepore said that the tower “has been leaning for several centuries, and it has been the subject of various interventions over decades.”The Garisenda, seen next to the higher Asinelli tower, leans at a four-degree angle. Lepore represents the center-left Democratic Party, and his council opposition has cast him as failing to protect the tower.
Persons: we’ll, Stanley Tucci, CNN — Dante Alighieri, Charles Dickens, Dante, Matteo Lepore, , Lepore, Genoa’s, ” Lepore, , Lucia Borgonzoni, Borgonzoni, Fabio Bergonzini Organizations: CNN, intel, Northern League, Democratic Party Locations: Italy, Bologna, Manhattan, Pisa, Emilia, Romagna, Lepore,
The larger-than-expected increase in sales last month reported by the Commerce Department on Wednesday showed that the new housing market continued to be supported by a chronic shortage of previously owned houses. That is leading to very different dynamics in different parts of the housing market." New home sales are counted at the signing of a contract, making them a leading indicator of the housing market. The National Association of Home Builders reported last week that about a third of builders reported cutting home prices in October, a 10-month high, with the average price discount at 6%. The housing market likely stabilized in the third quarter, thanks to strong homebuilding and new home sales.
Persons: Sarah Silbiger, Bill Adams, resales, Freddie Mac, Dan Hnatkovskyy, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: REUTERS, U.S, Commerce Department, Comerica Bank, Reuters, Midwest ., National Association of Home Builders, Thomson Locations: Washington , U.S, WASHINGTON, Dallas, Northeast, West, Midwest
Several producers, agents, and other dealmakers also weighed in for this story about the content market and what the streamers are looking for. In short, broadcast network-type shows that will grab broad viewership are the top priority for Netflix and all its competitors. Netflix wants another 'Squid Game' and more true crime, but 'nothing too political'"Squid Game." And for its version of Hulu's "The Bear," it wants a series set in a fast-paced world, but not a restaurant. In unscripted and non-fiction programming, per both documents and Insider's sources, true crime remains a big area of focus for series as well as films.
Persons: aren't, It's, Meghan Markle, MoffettNathanson, Fox, Shonda Rhimes, Michelle Obama, it's, Netflix execs, Dahmer, FreeVee Organizations: Hollywood, Netflix, Netflix Netflix, AMC, NBA, Sydney Locations: USA, Korea, Hollywood, Beach
Insider is seeking nominations for its 2nd annual list of the entertainment business' rising stars. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementInsider is looking for nominations for its second annual list of rising stars in the entertainment business. They should work for an established entertainment company, such as a studio, network, streaming platform, or production company.
Persons: Organizations: Service, Hollywood, PT Locations: Hollywood
Writing on Instagram, Nguyen said he learned at 3 p.m. that the event had been canceled by the 92NY. "Their language was 'postponement,' but no reason was given, no other date was offered, and I was never asked," Nguyen wrote. "I spoke about my book, yes, but also about how art is silenced in times of war and division because some people only want to see the world as us vs them," Nguyen wrote on Saturday. And writing is the only way I know how to grieve." Reporting by Lucia Mutikani, David Ljunggren and Joseph Ax; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.
Persons: Andrew Kelly, Viet Thanh Nguyen, Christopher Lightfoot Walker, Nguyen, I've, 92NY, Lucia Mutikani, David Ljunggren, Joseph Ax, Daniel Wallis Organizations: Hamas, REUTERS, New York City, Reuters, Thomson Locations: Palestine, Israel, Palestinian, Mineola , New York, U.S, New York, Gaza, Nguyen, American, Manhattan
"Live events are having a moment as consumers want to get out and about," said John Harrison, Americas Media & Entertainment lead at EY. But over the past few years, established and upstart investors have seized the opportunity to capitalize on live events spending, which is outpacing media and entertainment spending overall. PWC projects live events revenue hitting $68.7 billion in 2024, up from $66.6 billion in 2019.Insider identified nine firms, listed alphabetically, that are making significant investments in live entertainment-related companies. It most recently led a $65 million round in Dice, an events discovery and ticketing platform for live events like comedy and drag cabaret. Courtesy of Shamrock CapitalThe Los Angeles-based investment firm has a long history of backing media, entertainment, and communications businesses.
Persons: Taylor Swift, hasn't, Tait, Scott Marimow, John Harrison, there's, Harrison, Coldplay, PEHub, Bluestone Equity Partners Bobby Sharma, Michael Weschler, Bobby Sharma, Bluestone, Juggernaut, Eric Kuhn, Tre, Scott, Matt Pincus, Pincus, Marimow, Shamrock Capital Andrew Howard, Marc Geiger, Alan Waxman's Organizations: Providence Equity Partners, Yankee, Wembley, Bluestone Equity Partners, Providence, Americas Media, Entertainment, Fourier, NBA, PMY, SoFi, New York's Citi, RWS, Apple, Holland America, Capital Partners, Street Journal, Folk Media Group, CBS, Microsoft, Folk Productions, Quest Entertainment, MUSIC, Liontree, JS Capital Management, Investments, Providence Equity Partners Providence Equity Partners, Theatre Group, Shamrock Capital, Sixth, Spain's, San Antonio Spurs, New York Yankees, Dallas Cowboys, Sixth Street Locations: Americas, Paris, Europe, Asia, Vegas, Fiume, Wilmington , Mass, Devon , Pennsylvania, Miami , Florida, North America, Providence, US, Germany, Los Angeles, SaveLive, Spain's Real Madrid, Real Madrid's
The European Union may crack down on visa-free travel after revealing the scale of the passport trade. AdvertisementAdvertisementTens of thousands of passports have been obtained by Russians, Iranians, Chinese and others from Caribbean nations, granting them visa-free travel to European countries, according to a report by the European Commission. AdvertisementAdvertisementThe scale of the "golden passport" trade has sparked security concerns from the European Commission, which is proposing a crackdown on visa-free travel for people using them. Some 150,000 people have used the visa-free travel arrangements to claim asylum once in a European country, according to the EU home affairs commissioner, Ylva Johansson. Such passports became more popular after citizens of the Caribbean countries were granted visa-free travel in 2015, The Guardian reported.
Persons: , Dominica –, Muammar Gaddafi, Ylva Johansson, Gary Kalman Organizations: European, Service, European Commission, The, St, The Guardian, Guardian, Transparency International US Locations: Caribbean, Antigua, Barbuda, Grenada, St Kitts, Nevis, St Lucia, Dominica, Afghan
US weekly jobless claims unexpectedly fall
  + stars: | 2023-10-19 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsWASHINGTON, Oct 19 (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting another month of strong job growth as the labor market remains tight. Initial claims for state unemployment benefits dropped 13,000 to a seasonally adjusted 198,000 for the week ended Oct. 14, the Labor Department said on Thursday. Though the labor market is gradually cooling, conditions remain tight, with claims hovering in the lower end of their range of 194,000 to 265,000 for this year. The claims report covered the week during which the government surveyed business establishments for the nonfarm payrolls component of October's employment report. The so-called continuing claims increased 29,000 to a still-low 1.734 million during the week ending Oct. 7, the claims report showed.
Persons: Andrew Kelly, Lucia Mutikani, Chizu Organizations: REUTERS, Rights, Labor Department, Reuters, United Auto Workers, UAW, Ford, General Motors, Chrysler, U.S, Thomson Locations: Manhattan , New York City, U.S
US weekly jobless claims hit nine-month low
  + stars: | 2023-10-19 | by ( Lucia Mutikani | ) www.reuters.com   time to read: +6 min
Though the labor market is gradually cooling, conditions remain tight, with claims at the very low end of their range of 194,000 to 265,000 for this year. The Fed's Beige Book report on Wednesday said "labor market tightness continued to ease across the nation" in early October and implied cooling wage pressure. The labor market is driving consumer spending and the overall economy, ultimately keeping inflation elevated. The claims report covered the week during which the government surveyed business establishments for the nonfarm payrolls component of October's employment report. The so-called continuing claims increased 29,000 to a still-low 1.734 million during the week ending Oct. 7, the claims report showed.
Persons: Andrew Kelly, Christopher Rupkey, Unadjusted, Jerome Powell's, Jay Hawkins, Lucia Mutikani, Chizu Nomiyama, Jonathan Oatis Organizations: REUTERS, Labor Department, Federal Reserve, Financial, Treasury, Reuters, United Auto Workers, UAW, Ford, General Motors, Chrysler, U.S, Economic, of New, National Association of Realtors, realtors, BMO Capital Markets, Philadelphia Fed, Thomson Locations: Manhattan , New York City, U.S, WASHINGTON, New York, Texas , New York , New Jersey, Georgia, California, Tennessee, Michigan, of New York, Toronto, Pennsylvania, New Jersey, Delaware
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