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America's job market got back on its feet in October.The U.S. economy rebounded from the hurricanes and added 261,000 jobs, the best performance of the Trump administration.Unemployment inched down to 4.1%, the lowest since December 2000.But wages took a step back. They grew only 2.4% in October compared with a year earlier, behind September's number. The absence of better wage growth and inflation is one of the biggest mysteries in the economy.WATCH: How hourly wages fared in the October jobs report 513
ANDERSON, Ind. -- An armored truck spilled money on the interstate after it hit several potholes on I-69 early Saturday morning and crashed into a ditch. The crash happened near Anderson around 1 a.m. local time.The Garda armored delivery truck driver told the deputies with the Madison County Sheriff's Office that he hit several potholes which caused him to lose control of the vehicle and he overcorrected, hitting a guardrail and sliding into a ditch.The rolled several times before it landed on its side. Deputies say some money was on the road after the crash but most of it remained secured in the armored delivery vehicle.The driver and his passenger were treated for minor injuries on the scene. The armored truck delivery company sent another truck to the scene to recover the money and the truck. 842
As baseball nears the two-week countdown to the start of its delayed season, the coronavirus pandemic continues to keep more players off the field. The latest big name to be sidelined by a positive test for the virus is Eduardo Rodriguez. He was expected to start on opening day for the Boston Red Sox. The San Francisco Giants suspended workouts at Oracle Park as they awaited the results of weekend tests. The Chicago Cubs’ workout was delayed. Red Sox prospect Bobby Dalbec also tested positive for the virus. The Washington Nationals and Houston Astros resumed workouts after canceling practices on Monday because of testing delays.Last week, MLB and the MLBPA jointly announced on Friday that 31 players tested positive for COVID-19 amid the first round of tests as players resume training ahead of this year’s shortened season.Teams began working out last week at ballparks across the US as the coronavirus-shortened season is slated to get underway in three weeks. As part of MLB’s plan to resume, players and support staff will be frequently tested for the virus. 1079
AP-NORC poll: About a quarter of U.S. adults aren’t sure if they want to get COVID-19 shots. Roughly another quarter say they won’t, and for most, their minds are made up. MORE: https://t.co/aXTvrdpCp1 pic.twitter.com/VInDaD8zmV— The Associated Press (@AP) December 9, 2020 287
As Americans slowly return to work, older workers are finding the current economic situation much harder to navigate than their younger counterparts.Many large companies, including the airlines, are offering early retirement packages. For older workers, those buyouts come with uncertainty for their financial future.“These are tough times, especially for older workers,” said Susan Weinstock with the AARP.Weinstock’s concern is older workers are being forced out of work without enough saved for retirement. According to AARP, half of full-time workers experience job loss after the age of 50. It typically takes them double the time to get back into the work force as it does a younger worker, and even if they find a job, they end up making less money.For those over the age of 50 who have suddenly lost their job because of COVID-19, there's also less time to make up retirement savings that were lost.“We know saving through work is the best way to save for retirement, and when you don’t have that option it makes it a lot harder,” Weinstock said.Weinstock's advice if you're over the age of 50 and out of work is to use this time to upscale or re-scale. She suggests finding an online class. Showing employers that you're a lifelong learner can make you more marketable.“We want to make sure older workers are able to recover from this, along with everybody else in the economy,” Weinstock added.For those working from home, Weinstock recommends taking the money you might have spent on commuting and putting it into your retirement account. 1557