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The rocket launched at 6:59 p.m. KSBY San Luis Obispo NewsFirefly rocket explodes after launch from Vandenberg Space Force Base; officials warn of debris
Hiring slowed sharply in August as a new surge in coronavirus infections slammed the brakes on the economic recovery.
U.S. employers added just 235,000 jobs last month, a sharp slowdown from the torrid pace of hiring in June and July.
"The labor market recovery has downshifted," said Nela Richardson, chief economist for the payroll processing company ADP. "The U.S. economy is facing increasing headwinds as the pandemic wears on and the delta variant creates uncertainty."
The unemployment rate fell to 5.2% in August from 5.4% in July.
Confirmed coronavirus infections have jumped nearly 20% in the last two weeks, while COVID-19 deaths have nearly doubled during that period. The worsening public health outlook threw a late-summer speed bump in the recovery, making people more cautious about traveling and eating out and reducing the need for workers.
Retailers cut 29,000 jobs last month.
Homebase, which makes scheduling software for small businesses, saw a notable decline in hours worked last month — especially in the entertainment and hospitality industries.
"We are hearing anecdotally from our customers that absolutely it is a result of COVID," Homebase CEO John Waldmann said. "We are seeing similar trends in the data from what we saw last year and January of this year. It would be hard-pressed to say this is not COVID-related."
The slowdown in the Homebase data was particularly pronounced in the Southeast, where COVID-19 cases are especially high. New England, where case counts are lower, fared somewhat better.
"All of us who care about small businesses really wanted to be optimistic that a lot of the things keeping people from work were going to start to heal themselves into the fall," Waldmann said. "Unfortunately, it looks like we're going to be dealing with challenges here for a little bit longer."
The slowdown in hiring comes just as emergency unemployment benefits that Congress authorized earlier in the pandemic are about to expire. In mid-August, more than 12 million people were receiving some form of jobless aid. Most will receive their final payments next week.
Manufacturing is another bright spot in the economy, with new orders and output both accelerating in August. But factories continue to struggle to find enough parts and workers.
Factories added 37,000 jobs last month, up from 27,000 a month earlier.
"Companies want to hire more people," said Tim Fiore, who oversees a monthly survey of factory managers for the Institute for Supply Management. "There's no doubt that demand is calling for more people, and they can't get them."
Fiore said many factories are facing increased turnover as workers depart for higher wages elsewhere.
Wages have been rising, especially in restaurants and hotels. But prices have been climbing, too, eroding workers' buying power. Private sector wages in August were up 4.3% from a year ago. But they are not keeping pace with inflation, which was 5.4% in July — matching the highest rate in nearly 13 years.
Read full article at NPR
03 September, 2021 - 11:30am
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You Pod to Win the Game
“It was good. Food was good. We just talked about everything that's going on right now, what we're doing kind of leading up to it, who we think might suit the team well if they would be there,” said Koepka, who was then asked if he and DeChambeau had a chance to talk about the duo’s social media dust-up this summer.
DeChambeau and Koepka were joined by Collin Morikawa, Dustin Johnson, Justin Thomas and Patrick Cantlay at the dinner that, according to Koepka, covered everything about what to expect at the matches, “from A to Z.”
“It was exciting to finally put all of us, or six of us in one room and just start talking about what we're going to do in a few weeks,” Morikawa said. “The end goal is to win, and Stricker knows that. I think everyone knows that. I think looking at the past, obviously the history of the U.S. team hasn't been great, but we are here to change that.”
Morikawa and Koepka said that Stricker also discussed potential captain’s picks, but they didn’t offer any details on who he might be considering. Stricker will announce his six picks on Wednesday morning from Whistling Straits.
With the Ryder Cup looming in three weeks U.S. captain Steve Stricker is at East Lake this week to ready his team for the matches.
“I kind of blacked out there for 15 seconds," English said about his hole-in-one.
Patrick Cantlay met his goal in the first round of the Tour Championship on Thursday, and it had nothing to do with the score on his card or the size of his lead.
Jennifer Kupcho has more to celebrate than just making her first Solheim Cup team.
Houston Texans general manager Nick Caserio on Wednesday said Deshaun Watson has not been a distraction during training camp, but repeatedly refused to provide any clarity on his future with the team. “We’re going to do what we feel is best for our team and organization and ... there’s no definitive answer here at this point,” he said. Watson’s future with the team is in question after 22 women filed lawsuits alleging that he sexually assaulted or harassed them, and Houston police and the NFL are investigating the allegations.
Oklahoma Sooners wide receiver Theo Wease injured in practice just three days from the season opener against Tulane.
Christian Pulisic missed the match, seemingly rebuilds fitness following a COVID-19 positive test-induced layoff, and the Yanks were anything but clinical.
"Those first two days the only thing that was going through my mind is I'm not going to be able to tell my kids goodbye."
The newest edition of the marque's flagship SUV features a completely reworked interior.
Everlane is holding an end-of-summer sale that is not to be missed.
The Los Angeles Lakers are preparing for Marc Gasol's possible departure, according to a report.
In August, Steelers defensive coordinator Keith Butler defended linebacker T.J. Watt sitting out practice until he gets a new contract. Yesterday, Butler declined to comment further on that. Asked if Watt will practice in Week One, Butler said he doesn’t know and isn’t supposed to say anything. “That’s a good question,” Butler said. “Don’t know. [more]
Bryson DeChambeau opened his Tour Championship on Thursday, and with help from several police officers and security guards, the hecklers stayed silent.
The Solheim Cup will feel like a major on steroids, with an electric atmosphere and a Donald Ross design that's ready to shine.
Wait until you see the suspended pool.
While his season may be over, Phil Mickelson isn't backing down in his latest golf-shaft argument directed at the USGA.
Georgia Bulldogs safety Richard LeCounte is looking like one of the better picks in the 2021 NFL draft.