September 30, 2022: -Initial filings for unemployment claims decreased in the previous week to their lesser level in five months, an indication that the labor market is strong even as the Federal Reserve attempts to slow things down.
According to a Labor Department report, jobless claims for September 24 totaled 193,000, less than 16,000 from the last week’s downwardly revised total and less than the 215,000 Dow Jones estimate.
The decrease in the claims was the lowest level since April 23, and the first time claims it decreased below 200,000 since early May.
Continuing claims, which run a week behind, decreased from 29,000 to 1.347 million.
The substantial labor numbers come amid Fed efforts to cool the economy and bring down inflation, which runs near its highest levels since the early 1980s. Central bank officials have pointed to the tight labor market and its upward pressure on salaries as a target of the policy tightening.
The personal that consumes expenditures price index, a favorite inflation gauge for the Fed, showed a 7.3% every year price gain in the second quarter, the Commerce Department stated in its final GDP estimate for the period. That was over the 7.1% reading in the prior two Q2 estimates and just off the 7.5% gain in the initial quarter.
Excluding food and energy, core PCE inflation was 4.7%, 0.3 percentage points higher than the last two assessments but less than the 5.6% jump in Q1.
The Fed increased interest rates five times in 2022 for a total of 3 percentage points, and officials are focusing on the importance of continuing to hike until inflation comes closer to the central bank’s 2% target.
However, the Cleveland Fed’s Inflation Nowcasting gauge shows slight improvement on the inflation front, even with a sharp decline in gas prices. The indicator indicates an 8.2% boost in the headline consumer price index and a 6.6% increase in core prices compared to readings of 8.3% and 6.3% in August.
The BEA’s complete estimate for Q2 GDP was a decline of 0.6%, unchanged from the previous two estimates. That was the second quarter of negative GDP, meeting a commonly accepted definition of a recession.
Corporate leaders play a pivotal role in shaping organizational cultures that embrace diversity and foster inclusivity. How can these …
Corporate leaders occupy a unique vantage point in the business world, offering insights and guidance shaped by their …
Corporate leaders today stand at the nexus of unprecedented technological evolution, where digital transformation reshapes industries and redefines …
Corporate leaders stand at the helm of their organizations, often tasked with making decisions that can steer their companies toward …
Corporate leaders are often tested by crises that threaten the very foundation of their organizations. How do these leaders navigate turbulent …
In the vast and often tumultuous seas of corporate leadership, have you ever wondered how some captains …
A definite ‘NO’ to the question if struggling families had child care asked by a group of committed volunteers in the San Fernando Valley in 1974, urged the volunteers to look for a way to support families struggling to find quality child care, development, and education services for their families. That year, the San Fernando Valley Child Care Consortium and the Mayor’s Child Care and Junior Task Force proposed the first child care resource center in the San Fernando Valley. Doris McLain was elected chairperson as Mayor Bradley accepted the proposal and gave the newly founded Child Care Resource Center (CCRC) space in Van Nuys City Hall Center. CCRC began 45 years to help working moms find child care.
Dr. Louis B. Lynn, President and Founder of ENVIRO Ag Science, grew up in Darlington County South Carolina before graduating from Clemson University. He has been a member of the Clemson University Board of Trustees since 1988 and takes pride in having attended almost all the 96 Graduation Ceremonies that have occurred during his board tenure. He hasalso served as Adjunct Professor of Horticulture at Clemson. Dr. Lynn also currently serves on the Board of Trustees of the NYC headquarters of the National Urban League. Dr. Lynn is a retired Corporate Bank Director of BB&T now TRUIST Financial (NYSE – TFC). Dr. Lynn formerly served as a national board member of the American Horticulture Society; a national board member of the National Association of Minority Contractors, a two-term Commissioner for the SCCommission on Higher Education; a Commissioner forthe StateWorkforce Development Board.
Julia Martin has relentless energy and celebrates the benefits of her neurodiversity. She uses creative thinking and problem-solving to see the bigger picture and create smaller steps to realise those ambitions. She can fit double a normal workload into five days and motivate staff to achieve things they didn’t think were possible. She can see ways to do something quickly by breaking things down, which means her productivity is incredibly high. It also helps to love what you do and set a strategy you believe in wholeheartedly! She can trust staff to deliver and sees leadership as guiding and mentoring rather than micromanaging.
The approach of John Cooper, CEO of Interfloor has been to build a team of exceptional senior managers and then to create the environment where they can perform to the best of their abilities. He instills a customer centric culture, breaks down departmental “silos”, fosters a “can do, will do” approach, and creates an open and honest atmosphere where problems are shared and solutions delivered. “Driving innovation throughout the company and the marketplace has been key when setting ourselves apart from our competitors. This has been recognized with winning several industry awards,” he adds. “Most recently Tredaire FR6, our newest flame retardant underlay, and Decibel Soundseal our acoustic flooring solution, both won a prestigious Gold Award at the 2019 National Flooring Innovation Awards.”
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you
