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The job market keeps pumping out jobs.The unemployment rate fell to 3.9 percent and the economy added 157,000 jobs in July, the Labor Department said Friday.But workers' average hourly paychecks grew tepidly from the previous month and are up just 2.7 percent compared to the same time last year. During previous expansions, wages have grown at a faster pace. Economists' maintain that wages will rise as economy drains remaining slack from the labor market and businesses' pay more to retain workers.Related: How the US economoy is doing now in four charts"With inflation running at a roughly 2 percent rate, that means that there's not a lot of financial wiggle room for many Americans," said Mark Hamrick, Bankrate.com's senior economic analyst. Economists will get another update on inflation next week when consumer and producer price indexes' are released.A quirk in the calendar may explain why average hourly wages inched up only 7 cents from June to July, explained Josh Wright, chief economist at software firm iCIMS: The Labor Department surveys employers at a different time than when companies pay their workers.On the bright side, the hiring spree has continued as the economy marches along. The economy grew at 4.1 percent during the second quarter, its fastest place in nearly four years.Related: US economy grows at fastest paces since 2014In a statement on Wednesday, the Federal Reserve described a healthy picture of the US economy."Job gains have been strong, on average, in recent months, and the unemployment rate has stayed low," the Fed said. "Household spending and business fixed investment have grown strongly."Although the July hiring number fell below economists' expectations, the government revised the previous months' job gains by an additional 59,000. With revisions, job gains have averaged 224,000 a month over the past three months.So far this year, job growth has averaged 215,000 per month, above last year's pace of 182,000, noted PNC chief economist Gus Faucher.Last month, the manufacturing sector added 37,000 jobs. Economists were watching manufacturing closely for signs of a drag from the Trump administration's escalation of trade tensions with China and allies."It appears to be that the strength of fiscal stimulus measures are outweighing any kind of effect of trade tensions," said Wright from iCIMS.The retail sector also added 7,000 jobs, despite 32,000 jobs lost in sporting goods, hobby, book, music and toy stores.Despite many businesses' trouble finding qualified workers, they are still hiring and looking outside traditional pools for talent.That's good news for workers without a high school degree and those without a college degree. The unemployment rate ticked down for both groups last month."This is not a labor market in which you're going to get your wish list candidate," Wright said. "The question is, 'Can you hire someone who's good enough?'"The-CNN-Wire 2934
The only way this stops is if people rise up. You get what you accept. #FreedomMatters #StepUp https://t.co/8QKBszgKTM— Scott W. Atlas (@SWAtlasHoover) November 15, 2020 177

The production company behind the American version of the Russian state-funded network RT has officially filed as a foreign agent with the Department of Justice.T&R Productions LLC formally registered on November 10 as an agent of ANO TV-Novosti, described in the forms as a non-governmental organization "under Russian Federation law," which has principal "responsibility for creating a TV network that will be competitive with other TV networks operating around the world." The DOJ identified ANO TV-Novosti as the "Russian government entity responsible for the worldwide broadcasts of the RT Network"In its announcement, the DOJ said T&R Productions LLC "has operated studios for RT, hired and paid all U.S.-based RT employees, and produced English-language programming for RT, which is both shown on cable networks across the United States and available on RT's website."The DOJ announced the registration and published the forms on Monday. The National Security Division's FARA Registration Unit is reviewing T&R's filings for sufficiency, the DOJ said."Americans have a right to know who is acting in the United States to influence the U.S. government or public on behalf of foreign principals," Acting Assistant Attorney General for National Security Dana J. Boente said in a statement on Monday. "The Department of Justice is committed to enforcing FARA and expects compliance with the law by all entities engaged in specified activities on behalf of any foreign principal, regardless of its nationality."The filing comes after weeks of public pronouncements and increasing tension between Russia and the U.S. over media outlets in the two countries. RT said after initially skipping its October deadline to register under FARA, they were forced to file or their employees could face imprisonment and have their assets seized. While this is technically true under the law, harsh enforcements under Foreign Agents Registration Act are rare, experts say.The DOJ's registration request has prompted Russian officials to retaliate by threatening to enforce harsher restrictions against American news organizations operating in Russia, especially government-funded outlets such as Radio Free Europe and its television sister network Current Time.The filing was made under news director Mikhail Solodovnikov, a former reporter for a Russian TV outlet who said in the forms that he is a U.S. citizen by marriage. He listed his salary as 0,000 a year. He is the sole member and owner over the LLC and produces the various shows for ANO TV-Novosti, according to the filing.Solodovnikov disputed the need for the FARA registration in the filing."The production of shows remains under the independent editorial control of registrant," he wrote. "Registrant respectfully disagrees that FARA should apply."T&R confirms in the paperwork that ANO TV-Novosti is financed by a foreign entity, but the production company also said on the forms that it was not "sufficiently aware" of who controls or funds the NGO.In the filing, Solodovnikov wrote that he does not see RT as political actors, saying that the "primary purpose of T&R Productions LLC is to produce news, talk show, and entertainment programs that are designed merely to inform, not influence. Programs produced cover a broad range of news and talk show topics, reflect balance regarding commentary, and are not aimed to primarily benefit any foreign government or political party."RT was singled out in a January intelligence community report for the impact it may have had on the 2016 U.S. election. The report said RT "conducts strategic messaging for [the] Russian government" and "seeks to influence politics, [and] fuel discontent in the U.S." The report also mentioned a separate Russian-government-controlled website Sputnik as "another government-funded outlet producing pro-Kremlin radio and online content."Federal investigators are also reportedly looking into whether Russian government-funded outlets such as RT and Sputnik were part of Russia's influence campaign aimed at the 2016 presidential election. Yahoo News has separately reported that the FBI interviewed a former Sputnik correspondent about his work at the website.Russian government officials, including President Vladimir Putin said they'd take a "tit for tat" measure against American outlets in Russia in retaliation for the pressure on RT. Last week Russian Foreign Ministry Spokeswoman Maria Zakharova said that new action against American outlets would come this week. 4546
The people of El Paso, Texas, are resilient. Living in the middle of the harsh Chihuahuan Desert, the city has no other choice. On average, 15 days every year spike over 100 degrees Fahrenheit. The city gets little relief with annual rainfall of just about 9 inches. It's one of the hottest cities in the country.One of its prime sources of water is the Rio Grande. Typically the river can supply as much as half of the city's water needs. But climate change is making that increasingly difficult and is pushing the city to look for new sources of water. Now, El Paso is on track to become the first large city in the United States to treat its sewage water and send it directly back into its taps.Increasing temperatures will make the dry region even more vulnerable to drought, according to the federal government's most recent national climate assessment. Already challenged with balancing the demands of about 700,000 thirsty El Pasoans along with agriculture and industry needs, El Paso must also face the fact that climate change is literally drying up one of its major sources of water.Analyzing tree ring records, scientists have been able to reconstruct the climate history of the region as far as the late 1500s and have found that as temperatures have risen, the amount of snow melting and feeding the Rio Grande has dropped."We're getting less runoff now than we would have gotten as recently as the '80s or '90s," said J. Phillip King, a professor of civil engineering at the University of New Mexico. King has tracked the river's water levels for the past 27 years as an adviser to the Elephant Butte Irrigation District. The district manages the water distribution of some 90,000 acres of farmland along the Rio Grande Valley in New Mexico and Texas.King told CNN Chief Medical Correspondent Dr. Sanjay Gupta that there is simply less snowmelt coming from northern New Mexico and southern Colorado to feed the river. Since 1958, the amount of early April snowmelt going into the Rio Grande has dropped 25% due to less snowpack and evaporation.What's happening in the Rio Grande is not unique. It's a phenomenon happening throughout the Western United States.King called the Rio Grande a harbinger of what's to come. "You know we've already gotten critically low here, and you can think of the Colorado as a few years away from a similar fate," he said.Drought isn't anything new for the 1,800-mile long river. The Rio Grande has survived severe and sustained droughts, King said. But an increase in temperature is pushing both a warmer and dryer climate. And that means not only potentially less snowfall but a greater chance for water to evaporate.The federal government projects that temperatures could rise an additional 8 degrees Fahrenheit in the region by 2100.The dwindling reserves are apparent at Elephant Butte Reservoir, just outside of Truth or Consequences, New Mexico. The reservoir there sits right on the Rio Grande and forms the largest recreational lake in the state. It holds water for farmers from north of El Paso up to Colorado. It has a capacity of about 2 million acre feet, King said. Currently, it's hovering around 3% to 4% of its full capacity. Buildings that were built as offices during the dam's construction in the early part of the 20th century were previously submerged in the 1980s. Now, they serve as lookout points to a nearly empty basin. 3399
The number of people filing for unemployment for the first time is dropping slightly. Just over 800,000 people filed last week, which is less than what was expected. For perspective, only about 287,000 filed the same time last year.The total number of people still receiving some kind of benefits is just under 21 million. Meanwhile, some people who do have jobs are leaving a lot of money on the table in 2020.“If you don’t take time off, you are basically giving the company back almost a paycheck, like here you go, here's my one-week salary,” said Vicki Salemi, Monster Career Expert.Career website Monster found almost half of workers didn't take their full paid time off this year.The pandemic turned work life balance into an all-at-home blended mess for many. Many workers said they didn't take their time because there was nothing to do, nowhere to go, or they were worried about their jobs.Only a small amount of workers are able to rollover their unused time into 2021.Taking time off has been especially critical this year.“You can see things more clearly. You may even be happier thinking about your time off even if that just meant you stayed on your living room couch and binged the latest show,” said Salemi.Some employers, like Monster, even added mental health or additional days off this year, recognizing the extreme stress many were under.Salemi says even if you don’t have big plans for your time away from work, create some sort of framework.“It doesn't have to be rigid, but just so you feel like at the end of the day or the end of the time off, you don’t want to feel like it was for not, like its OK if you're just going to rest this whole time,” said Salemi.If you didn't get in all that paid time this year, depending on your circumstance, it’s worth asking to see if you could carry some over into next year.Now is also a good time to plan for 2021. Monster suggests even starting small with some three-day weekends in January and February. 1978
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