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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.
Continue reading Amazon Charged With Worker Safety Violations at New Jersey Fulfillment Center
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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.
Continue reading Consumer prices Continue to Cool , slowest annual rate since March 2021
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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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Continue reading BREAKING: US Economy Stages Robust Payroll Growth
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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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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.
Continue reading Bill Ackman Latest Wall Streeter to Embrace RFK Jr.’s Skepticism on Covid Vaccines
file photo by Boyd Loving
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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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Washington DC, the U.S. economy grew at a much stronger pace than expected growth in the first quarter, according to a major upward revision in the GDP on Thursday from the Commerce Department.
Continue reading Major Revision Raises GDP Growth Rate to 2%
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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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Ridgewood NJ, the International Brotherhood of Teamsters walked away from the national bargaining table and officially demanded UPS exchange its last, best, and final offer no later than June 30.
Continue reading TEAMSTERS SAY NATIONWIDE UPS STRIKE IS IMMINENT
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Washington DC, durable goods orders continued to rise . In May thanks to strong demand for transportation equipment and nondefense aircraft durable goods orders, including appliances, computers, cars and other manufactured goods, rose 1.7% in May from the month prior to a seasonally adjusted $288.2 billion, the Commerce Department said Tuesday.
Continue reading Durable Goods Orders Continue to Rise at a “Surprisingly” Healthy Clip
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Washington DC, pause, not stop. That’s the message from the US Federal Reserve. On Wednesday the FED paused it’s 15-month rate-hiking campaign to normalize interest rates . In its latest statement the FED promoted the “we will see”, saying inflation remains too hot , the job market remains robust, and banking system is sound despite recent miss steps . All this points too the coveted “soft landing” .
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Washington DC,(837am) the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in May on a seasonally adjusted basis, after increasing 0.4 percent in April, the U.S. Bureau of Labor Statistics reported today.
Continue reading Inflation Rose at a 4% annual rate, the Lowest in 2 years
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Washington DC ,(8:37am) total nonfarm payroll employment increased by 339,000 in May, and the unemployment rate rose by 0.3 percentage point to 3.7 percent, the U.S. Bureau of Labor Statistics
reported today. Job gains occurred in professional and business services, government,
health care, construction, transportation and warehousing, and social assistance.
Continue reading Payrolls Rose 339,000 in May, Much Better than Expected
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Morris Plains NJ, the former chief financial officer for a biopharmaceutical company today admitted his role in an insider trading scheme, U.S. Attorney Philip R. Sellinger announced.
