Government Says 245,000 Jobs Created in September

Government Says 245,000 Jobs Created in September

Washington, DC…Total nonfarm payroll employment increased by 254,000 in September, and the unemployment rate changed little at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in food services and drinking places, health care, government, social assistance, and construction. This news release presents statistics from two monthly surveys. The […]

Federal Reserve Drops Interest Rates by Half a Percentage Point

Federal Reserve Drops Interest Rates by Half a Percentage Point

Washington, DC…Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have slowed, and the unemployment rate has moved up but remains low. Inflation has made further progress toward the Committee’s 2 percent objective but remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at the […]

California and Norway Ink New Climate Partnership

California and Norway Ink New Climate Partnership

Larkspur, CA…California took significant new climate action with another partner today: Norway.  Governor Gavin Newsom welcomed a delegation from Norway led by His Royal Highness Crown Prince Haakon. Following a stop at San Quentin focused on criminal justice reform, the California and Norway delegations visited the Larkspur Ferry Terminal – with the backdrop of one […]

President Biden Announces a Preliminary Agreement with Intel for a Major CHIPS & Science Act Award

President Biden Announces a Preliminary Agreement with Intel for a Major CHIPS & Science Act Award

Chandler, AZ…Hello, hello, hello. (Applause.) By the way, your dad is right about unions. (Laughter.) Your dad is right: Unions built the middle class. Wall Street didn’t. Unions built the middle class. (Applause.) So, thanks, Tilden, for that introduction and — a union sheet metal worker, a proud member of the Navajo Nation. You’re going […]

Justice Department Sues Apple for Monopolizing Smartphone Markets

Justice Department Sues Apple for Monopolizing Smartphone Markets

Washington, DC…Apple’s Broad-Based, Exclusionary Conduct Makes It Harder for Americans to Switch Smartphones, Undermines Innovation for Apps, Products, and Services, and Imposes Extraordinary Costs on Developers, Businesses, and Consumers. The Justice Department, joined by 16 other state and district attorneys general, filed a civil antitrust lawsuit against Apple for monopolization or attempted monopolization of smartphone […]

California Faces $68 Billion Deficit Says the LAO

California Faces $68 Billion Deficit Says the LAO

Sacramento, CA…California Faces a $68 Billion Deficit. Largely as a result of a severe revenue decline in 2022‑23, the state faces a serious budget deficit. Specifically, under the state’s current law and policy, we estimate the Legislature will need to solve a budget problem of $68 billion in the upcoming budget process. Unprecedented Prior‑Year Revenue […]

Employment Inched Up 150,000 in October. Government, Social Assistance & Health Care Showed Gains

Employment Inched Up 150,000 in October.  Government, Social Assistance & Health Care Showed Gains

Washington, DC…Total nonfarm payroll employment increased by 150,000 in October, and the unemployment rate changed little at 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, government, and social assistance. Employment declined in manufacturing due to strike activity. This news release presents statistics from two monthly surveys. The […]

Biden Admin Grants Work Permits to 714,700 Venezuelan Immigrants

Biden Admin Grants Work Permits to 714,700 Venezuelan Immigrants

Washington, DC…Secretary of Homeland Security Alejandro N. Mayorkas announced the extension and redesignation of Venezuela for Temporary Protected Status (TPS) for 18 months, due to extraordinary and temporary conditions in Venezuela that prevent individuals from safely returning. After reviewing the country conditions in Venezuela and consulting with interagency partners, Secretary Mayorkas determined that an 18-month […]

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