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Inflation Shows Signs of Reacceleration

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the staff of the Ridgewood blog

Washington DC, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.6 percent in August on a seasonally adjusted basis, after increasing 0.2 percent in July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.7 percent before seasonal adjustment.

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Refining Your Marketing by Knowing Your Audience

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In theory, this is exactly what every business does—tailors their marketing content toward the tastes and preferences of the audience that they’re trying to reach. However, it can also sometimes be the case that you’re looking to expand your audience or produce a more generalized message that new prospective customers can jump on board with.

While the general approach can be successful in drawing new attention to your business, especially if it means amassing more followers on your social media pages or higher website traffic, sometimes it can dilute the impact of your campaign. Truly knowing your audience, understanding their needs, and holding the solution can allow you to be much more effective in your outreach.

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Department of Justice Sues Space X for Hiring American Citizens

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the staff of the Ridgewood blog

Washington DC, the Justice Department filed a lawsuit today against Space Exploration Technologies Corporation (SpaceX) for discriminating against asylees and refugees in hiring. The lawsuit alleges that, from at least September 2018 to May 2022, SpaceX routinely discouraged asylees and refugees from applying and refused to hire or consider them, because of their citizenship status, in violation of the Immigration and Nationality Act (INA).

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Business Investments You Need to be Prepared For

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Every company owner needs to be prepared to spend more than their fair share of money if they want to succeed. Despite the high cost of these investments, it’s a great way to build up your assets. Furthermore, there are some investments that are mandatory to have. Thing is, you’re not sure how to go about things. In this article, we’ll be going over a few investments every business owners need to be prepared for.

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Beware of Normalcy Bias

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By Charles Stampul
“Normalcy bias, or normality bias, is a cognitive bias which leads people to disbelieve or minimize threat warnings. Consequently, individuals underestimate the likelihood of a disaster, when it might affect them, and its potential adverse effects.” (Wikipedia)

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Amazon Charged With Worker Safety Violations at New Jersey Fulfillment Center

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the staff of the Ridgewood blog

Logan Township NJ,  a federal workplace safety investigation has again found workers at an Amazon fulfillment center exposed to ergonomic hazards, this time at a Logan Township facility.

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Consumer prices Continue to Cool , slowest annual rate since March 2021

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the staff of the Ridgewood blog

Washington DC, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2 percent in June on a seasonally adjusted basis, after increasing 0.1 percent in May, the U.S. Bureau of Labor Statistics reported
today. Over the last 12 months, the all items index increased 3.0 percent before seasonal
adjustment.

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Payroll Employment increases by 209,000 in June; Unemployment little Changed at 3.6%

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the staff of the Ridgewood blog

Washington DC, total nonfarm payroll employment increased by 209,000 in June, and the unemployment rate changed little at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in government, health care, social assistance, and construction. Household Survey Data Both the unemployment rate, at 3.6 percent, and the number of unemployed persons, at 6.0 million, changed little in June.

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BREAKING: US Economy Stages Robust Payroll Growth

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the staff of the Ridgewood blog

Ridgewood NJ, ADP says Private sector jobs surged by 497,000 for the month, well ahead of the downwardly revised 267,000 gain in May and much better than the 220,000 Dow Jones consensus estimate. The increase resulted in the biggest monthly rise since July 2022.

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FED Sees More Rate Hikes Ahead

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the staff of the Ridgewood blog

Ridgewood NJ, Federal Reserve officials agreed to a pause despite the fact that some officials wanted to raise rates by 0.25% last month because they felt the job market was too strong, the economy was showing signs of more resiliency, and inflation was not coming down fast enough.

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Bill Ackman Latest Wall Streeter to Embrace RFK Jr.’s Skepticism on Covid Vaccines

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the staff of the Ridgewood blog

Ridgewood NJ, billionaire hedge fund manager Bill Ackman founder and chief executive officer of Pershing Square Capital Management, a hedge fund management company. His investment approach has made him an activist investor. As of June 2023, Ackman’s net worth was estimated at $3.5 billion by Forbes.

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New Research Reveals Self-Employed Individuals Have Better Work/Life Balance, Job Satisfaction, and Less Stress

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the staff of the Ridgewood blog

Ridgewood NJ, it’s no secret that in the past three years, the lure of remote working has never been stronger – and US individuals are increasingly turning to the gig economy and self-employment in order to achieve their re-shuffled priorities.

In 2020 alone, the gig economy grew by 33% (Forbes), and that rise of self-employment and budding entrepreneurialism continues to grow in 2023 – despite data showing that self-employed individuals earn considerably less on average.

The experts at Moneyzine.com just this month released a ground breaking survey that takes a deep dive into the job satisfaction, work/life balance, stress levels, and income of self-employed individuals and employed workers across the US.

Remote work and the gig economy has been an increasingly popular topic in the past few years as the aftermath from the pandemic left millions re-shuffling their priorities.

While the individuals that are self-employed in the US may be a small pool compared to the employed workforce (16.2 million vs 160.72 million), new research from Moneyzine.com has revealed that while self-employed workers earn, on average, less than employed workers across all states in the US – they also report far higher levels of job satisfaction, a better work/life balance, and less stress overall.

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Wall Street Passes FED Stress Test

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the staff of the Ridgewood blog

Washington DC, the Federal Reserve Board on Wednesday released the results of its annual bank stress test, which demonstrates that large banks are well positioned to weather a severe recession and continue to lend to households and businesses even during a severe recession.

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