They're going out to restaurants and bars. People are traveling to see their aunt for the holidays. We saw growth in leisure and hospitality. And again, reflective of the broader health of the economy. People are buying things, and they're getting them. I mean, the real story here is that consumer spending remains strong. Businesses have said that they're hiring fewer workers for the holidays. JENNIFER SCHONBERGER: We saw retail employment drop in November. Those are all exactly what the President wants to see in a strong economy that's good for the working class and the middle class. And overall, that means it's 14.1 million jobs created since the President came into office, combined with low unemployment, combined with wages going up and labor force participation rate and inflation starting to come down. It's also broad-based recovery, right? Multiple industries are coming back. So it's 3.7% that ticked down from last month's 3.9%, but we always look at broader trends and what that means. We also have the lowest unemployment rate for the longest period of time since Diana Ross topped the charts. I mean, I think this is a strong report, and I'm not going to get tired of coming here and saying that it is reflective of Bidenomics working. Do you expect that trend to continue into next year? Do you think it perhaps under the hood it's a bit of a cooler report? And we've seen private sector jobs also slowing. JENNIFER SCHONBERGER: So looking at this morning's jobs report, stronger than expected, but a lot of it driven by the government sector and also replenishing on the manufacturing side with the strike. JENNIFER SCHONBERGER: For more reaction to this morning's jobs report, I want to bring into the program, acting Labor Secretary, Julie Su. Overall, Su argues that strong consumer spending is a signal that the economy is still healthy.Ĭlick here to watch the full interview on the Yahoo Finance YouTube page or you can watch this full episode of Yahoo Finance Live here. Su points to shifts in spending trends as part of the issue, with more people making purchases online. However, one area that did see a decline was retail. Su tells Yahoo Finance's Jennifer Schonberger the report is a sign of a broad-based recovery. US Department of Labor Acting Secretary Julie Su calls the report "strong" and that it's another example of "Bidenomics working," adding "we also have the lowest unemployment rate for the longest period of time since Diana Ross topped the charts." The victim, who suffered minor injuries, was taken to a local hospital.Nearly 200,000 jobs were added in the US in November, while the unemployment rate ticked lower to 3.7%. After driving into a ditch, the suspect abandoned his vehicle and ran toward Croaker Road Park and Ride. When the victim exited onto Croaker Road, the suspect followed and continued to collide with the victim’s vehicle, causing it to overturn in the 4100 block of Rochambeau Drive. 4, a man driving a gray 1995 Nissan engaged in “aggressive behavior” and intentionally rammed into another vehicle on I-64 multiple times. Police described Lemons as local to the New Kent/James City County area, moving between both localities. JAMES CITY - A 51-year-old man was arrested Thursday in connection with what police described as a “road rage” incident that occurred earlier in the week.īrian Lemons was charged with felony hit and run, reckless driving and unauthorized use of a vehicle after reportedly running into another vehicle repeatedly on Interstate 64 Monday morning, James City County police said in a news release. Saturday, December 16th 2023 Home Page Close Menu
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