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Jobless Claims Hit Four-Month High, Adding To Inflation And Recession Fears
Unemployment claims have surged to their highest level since October 2024, adding to growing concerns over job security and the broader economy.
Initial jobless claims jumped by 22,000 to 242,000 for the week ending on Saturday, Feb. 22, the Bureau of Labor Statistics said in data released on Thursday, Feb. 27. The previous week's total was revised up slightly to 220,000.
The rise in claims comes as consumer confidence took its steepest monthly dive since August 2021 amid concerns over inflation, tariffs, and the labor market. The Conference Board's Consumer Confidence Index fell …
New Poll Shows Approval Drop In Trump's Handling Of Economy
As economic uncertainty looms, a new poll shows President Donald Trump's approval rating has slipped, with growing numbers of Americans expressing concern over the nation's financial direction.
The Reuters/Ipsos poll, which surveyed 4,145 US adults nationwide over a six-day period ending Tuesday, found Trump's overall approval rating at 44 percent, down from 45 percent in a poll conducted Friday, Jan. 24 to Sunday, Jan. 26.
His disapproval rating climbed to 51 percent, a notable increase from 41 percent in polling taken just after he returned to the White House on Monday, Jan. 20 to T…
Shoplifting Costs Retailers Billions: These Are Most Frequently Stolen Items
Shoplifting in the US is a costly epidemic, with retailers losing over $120 billion last year.
The trend focuses on easily concealed, high-demand products at major retailers like Walmart and Target, posing a nationwide challenge for store owners and law enforcement.
Electronics, health and beauty products, and food items are among the most commonly stolen goods, Capital One Shopping reports.
Small gadgets such as headphones and phone chargers, alongside over-the-counter medications and cosmetics, are frequent targets.
Alcohol, baby formula, and packaged meats are also popular …
Biden Raises $33M Since Debate, Admits To 'Poor Performance' At Murphy's Mansion
In a fundraising blitz, President Joe Biden's campaign for re-election has raised $33 million since last Thursday's debate, the bulk of that in New Jersey and New York, a spokesman said on Monday, July 1.
That total includes "grassroots" money from small donors, a campaign aide said.
Biden, 81, a Democrat, is being challenged by former President Donald Trump, 78, a Republican.
Biden attended two fund-raising events in East Hampton, NY, on Saturday afternoon followed by a Saturday evening fund-raiser hosted by New Jersey Gov. Phil Murphy and his wife, Tammy, in Middletown.
“I didn’t have a…
‘We Can’t Carry On:' Popular Flemington Restaurant Announces Permanent Closure After A Decade
A popular Flemington breakfast, lunch, and dinner restaurant has announced its plans to shutter the store after more than a decade citing inflation, labor shortages, and more.
Platform One & CTO Catering on Rt. 12 made an announcement on its Facebook page stating that its last day open would be Friday, Oct. 14.
“We simply can’t carry on weathering the storm,” reads the post.
“From food prices being three times higher than pre-Covid levels, labor shortages, utilities, gasoline, and mismanaged government funding, it’s finally a mountain that we can’t overcome.”
Owned by award-winning C…
Popular Sussex County Party Store Closing Brick-And-Mortar Space Citing Theft, Inflation
A popular party supply store in Sussex County is closing the doors of its brick-and-mortar space citing theft, inflation, and customer rudeness.
The Sugar Sisters on Route 23 in Franklin will close its doors in September, the owners announced on Facebook on Sunday, July 24.
“Lisa and I regretfully announce that we are closing the doors to our brick-and-mortar store,” reads the post.
Meanwhile, everything is on sale “with the exception of a few select items” at the store, which has not raised its prices due to inflation, the post says.
The owners cite family, theft, inflation, and increas…
