Tag:

Labor Department

Arlington, VA
Business
Jobless Claims Hit Four-Year High, Inflation Jumps As Labor Market Weakens Jobless Claims Hit Four-Year High, Inflation Jumps As Labor Market Weakens
Jobless Claims Hit Four-Year High, Inflation Jumps As Labor Market Weakens Inflation rose faster in August while jobless claims spiked to their highest level since 2021, signaling a weakening job market as President Donald Trump's tariffs shake the economy. Consumer prices rose 0.4% in August and reached a yearly rate of 2.9%, according to Bureau of Labor Statistics data released on Thursday, Sept. 11. That's the biggest monthly jump since January, when yearly inflation was 3.0%. Core inflation, which excludes volatile food and energy prices, climbed 0.3% in August and 3.1% over 12 months. Shelter, which makes up about one-third of the Consumer Pric…

SHARE

by Chris Spiker
Andover, MA
Business
Major Household Product Maker With MA Plants Cutting 7,000 Jobs As Trump Tariffs Roil Economy Major Household Product Maker With MA Plants Cutting 7,000 Jobs As Trump Tariffs Roil Economy
Major Household Product Maker With MA Plants Cutting 7,000 Jobs As Trump Tariffs Roil Economy Procter & Gamble, which operates eight plants across the Northeast, plans to cut up to 7,000 jobs over the next two years as President Donald Trump's trade policies shake businesses and consumer confidence, according to reports. Andre Schulten, P&G's chief financial officer, announced the layoffs during the Deutsche Bank Consumer Conference in Paris on Thursday, June 5. The cuts amount to about 6% of the company's global workforce and roughly 15% of its non-manufacturing positions, the Associated Press reported. P&G had about 108,000 employees worldwide as of June…

SHARE

by Chris Spiker
Arlington, VA
Business
New Jobless Claims Climb To Eight-Month High Amid Trump Tariff Fallout New Jobless Claims Climb To Eight-Month High Amid Trump Tariff Fallout
New Jobless Claims Climb To Eight-Month High Amid Trump Tariff Fallout Unemployment claims rose to their highest level in eight months, with more workers across the Northeast filing for benefits as President Donald Trump's tariffs fuel economic uncertainty. The number of new application filings for unemployment benefits jumped to 247,000 in the week ending Saturday, May 31, according to Labor Department data released on Thursday, June 5. That's the largest number of new claims since early October 2024 and above the 237,000 forecasted by analysts, the Associated Press reported. Initial claims increased by 8,000 from the week ending Saturday, May 24. The fo…

SHARE

by Chris Spiker
Manhasset, NY
Business
Rise In Food Prices Goes Beyond Eggs: Here’s Rundown Rise In Food Prices Goes Beyond Eggs: Here’s Rundown
Rise In Food Prices Goes Beyond Eggs: Here’s Rundown Eggs are not the only food product seeing a sharp increase in prices. December grocery prices were nearly 28 percent higher than five years ago, reflecting how much harder families are finding it to manage their everyday expenses, The Wall Street Journal reports.  According to Labor Department data, grocery prices surged 1.8 percent year-over-year in December, marking the fastest increase in over a year, The trend started just after the COVID-19 pandemic began in 2019, mainly due to pandemic-related supply chain issues. According to a Trace One analysis of US Bureau of Labo…

SHARE

by Joe Lombardi
Albany, NY
Business
Minimum Wage To Increase In NY: Here's When, How Much Minimum Wage To Increase In NY: Here's When, How Much
Minimum Wage To Increase In NY: Here's When, How Much New Yorkers earning minimum wage will see an increase in their paychecks.  This change, which takes effective on Wednesday, Jan. 1, is part of a broader state initiative aimed at easing the financial burden of rising living costs. Gov. Kathy Hochul announced the plan as part of a multi-year agreement with the state legislature.  In New York City, Long Island, and Westchester County, the hourly pay will increase from $16 to $16.50.  Meanwhile, the rest of the state will see a jump from $15 to $15.50.  Further annual adjustments linked to inflation will begin in 2027. …

SHARE

by Joe Lombardi
Manhasset, NY
News
Ex-Cuomo, Hochul Aide From Manhasset Raked In Millions As Agent Of Chinese Government: Feds Ex-Cuomo, Hochul Aide From Manhasset Raked In Millions As Agent Of Chinese Government: Feds
Ex-Cuomo, Hochul Aide From Manhasset Raked In Millions As Agent Of Chinese Government: Feds This story has been updated. A former aide to New York Gov. Kathy Hochul and former Gov. Andrew Cuomo is accused of acting as an agent for the Chinese government. Long Island residents Linda Sun, age 41, and her husband Chris Hu, age 40, were arrested at their Manhasset home on Tuesday morning, Sept. 3, on charges of violating the Foreign Agents Registration Act, money laundering, and related charges. According to federal prosecutors, Sun – who served as Hochul’s deputy chief of staff before being fired in 2023 – engaged in numerous political activities at the behest of Chinese government …

SHARE

by Michael Mashburn
Hamilton Township, NJ
Business
NJ Extends Unemployment Benefits Another 20 Weeks NJ Extends Unemployment Benefits Another 20 Weeks
NJ Extends Unemployment Benefits Another 20 Weeks Most of New Jersey's unemployed workers will be eligible for 20 more weeks of unemployment benefits -- totaling more than a year's worth of jobless pay, authorities said. Prior to Wednesday's announcement by the state Labor Department, unemployed New Jerseyans ran out of state and federal benefits after 39 weeks, About 1.3 million workers have filed for unemployment benefits in New Jersey since the onset of the coronavirus pandemic. The Labor Department paid $8.2 billion in state and federal benefits to eligible workers over that three-month period. “The state extension kicks in after clai…

SHARE

by Jon Craig
Parsippany-Troy Hills, NJ
News
NJ Labor Department Rolls Out Chat Bot -- But Won't Connect To Live Agent NJ Labor Department Rolls Out Chat Bot -- But Won't Connect To Live Agent
NJ Labor Department Rolls Out Chat Bot -- But Won't Connect To Live Agent New Jersey's labor department has rolled out a chat bot intended to help the thousands of residents who filed for unemployment. Although the bot will guide users in the right direction and answer frequently asked questions, it won't connect to a live agent -- a problem reported by many frustrated residents. More than 1 million New Jersey residents filed for unemployment since the onset of the coronavirus pandemic. As of May 2, $1.9 billion had been paid out to more than 700,000 workers, the department said. Another 300,000 were waiting for their benefits to be approved Thursday. Gett…

SHARE

by Cecilia Levine
Massapequa, NY
Business
Long Island-Based Manufacturer Lays Off 340 Long Island-Based Manufacturer Lays Off 340
Long Island-Based Manufacturer Lays Off 340 More than 300 people, including 44 locally, were left jobless when Premier Fixtures LLC, a Hauppauge-based manufacturer of customized merchandising displays and fixtures, closed its door last week. The company, known for its custom architectural woodwork, filed a WARN notice with the state Labor Department saying the company would close on the same day it filed the notice on Wednesday, Sept. 11. In addition to the lay-offs at the plant located at 400 Oser Ave., a total of 296 employees have also lost  jobs at the company's Virginia and Washington locations. The company listed eco…

SHARE

by Kathy Reakes
Mount Pleasant, NY
Business
Three Hudson Valley Counties Have State's Lowest Jobless Rates Three Hudson Valley Counties Have State's Lowest Jobless Rates
Three Hudson Valley Counties Have State's Lowest Jobless Rates These counties rank among the lowest for jobless rates in New York state, according to the Labor Department. The counties in New York State with the lowest unemployment rates in March 2018 include: New York County (3.7%) Queens County (3.7%) Richmond County (4.1%) Nassau County (4.2%) Tompkins County (4.2%) Kings County (4.3%) Albany County (4.4%) Putnam County (4.4%) Dutchess County (4.5%) Rockland County (4.5%) Saratoga County (4.5%) Orange, Ulster and Westchester didn't make the list. The jobless rate in all three counties is slightly higher than the state average.

SHARE

by Jon Craig
White Plains, NY
News
Unemployment Rate Inches Up In Westchester Unemployment Rate Inches Up In Westchester
Unemployment Rate Inches Up In Westchester Westchester County's unemployment rate rose to 5.2 percent in February, up from 4.9 percent a year ago, according to the latest state Labor Department statistics. Rates are calculated using methods prescribed by the U.S. Bureau of Labor Statistics.  New York's area unemployment rates rely in part on the results of the Current Population Survey, which contacts approximately 3,100 households each month. From February 2017 to February 2018, the State’s private sector job count increased by 97,200.  In February 2018, the number of private sector jobs in the State was 8,151,800. The State’s pr…

SHARE

by Daily Voice