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The United States’ Gross Domestic Product is expected to have a modest comeback in 2021 while unemployment will be slower to recover for years to come, according to a government projection from the Congressional Budget Office.The nonpartisan government agency that provides policy guidance for members of Congress said that unemployment is projected to remain above pre-pandemic levels through 2030.Thursday’s estimates from the CBO indicate that real GDP in 2021 will jump 4% in 2021 from 2020 after taking a projected 5.8% drop in 2020. The CBO then projects that real GDP will increase 2.9%. In years following, the GDP is expected to level off at 2.2%.But after unemployment dropped to 3.5% in 2019,, the unemployment rate is expected to be 7.6% in 2021, followed by 6.9% in 2022 and 5.9% in 2023 and 2024. Data released Thursday pegged the US unemployment rate at 11.1% in June.The CBO stresses there is uncertainty in its forecast given the pandemic.“The severity and duration of the pandemic are subject to significant uncertainty,” the CBO said. “In particular, several important epidemiological characteristics of the coronavirus remain unclear: Much still needs to be learned about its transmissibility and lethality and about the immunity conferred on people who have recovered from it. Moreover, the severity and duration of the pandemic will be affected by how various mitigation measures reduce the spread of the virus and by when vaccines and additional treatments become available—outcomes that remain highly uncertain.” 1544
The US economy added 155,000 jobs in November, the Labor Department reported Friday. That's fewer than expected, but the unemployment rate remained steady at 3.7%.October's jobs numbers were also revised down slightly, to put the monthly average over the past year at about 204,000 jobs, and the average over the last quarter at 170,000.The report is a sign of a slowing but still strong labor market — and further support for the idea that the Federal Reserve may hold off hiking interest rates over the next year as quickly or as much as initially planned.That's reassuring to investors who had been worried that the Fed would move too fast to cool off an already decelerating economy."My reaction is a sigh of relief," said Leo Grohowski, chief Investment Officer at BNY Mellon Wealth Management. "I think a mild miss is more than acceptable in order to help the Fed understand that multiple rate increases may not be warranted for 2019."Paychecks grew by 3.1% over the last year, a relatively robust number that is in line with expectations as employers have had to fight to attract workers in recent months.The percentage of people participating in the labor force remained the same and the median number of weeks people remained unemployed dropped from 9.4 to 8.9 weeks in November, suggesting that people are getting jobs more quickly after losing them.However, the number of people "marginally attached" to the labor force — those who had looked for a job in the past year but stopped in the past month because they couldn't find one — has risen by nearly 200,000 over the past year. The percentage of people working part time who would rather work full time also rose slightly.Despite high demand for workers in some sectors, that may show that people who want jobs increasingly aren't in the places where employers need them — and that the economy still has room to expand before running out of workers entirely.The strongest job growth came in health care, transportation and warehousing, and manufacturing, which added another 27,000 jobs for 288,000 total growth over the past year. Tariffs and fears of a larger trade war may not be having a huge positive impact, but they're definitely not choking the sector either.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 2335

The travel industry is trying new tactics to recover from financial stress. Experts say new deals are emerging that allow people to go on a trip of their dreams through 2022."We quickly realized that the number one factor that helped incentivize travel planning, travel booking, even for 12 to 18 months down the road was this high sense of flexibility, and so, we came up with this concept of putting out and working with hundreds of thousands of travel partners to really come up with these very attractive, aggressively-priced offers, explained Gabe Saglie, senior editor of Travelzoo, a company that facilities travel deals around the world. “But they are fully refundable, and they had these very long travel windows.”Saglie says when COVID-19 hit, the industry came to a screeching halt. But through surveys of its 15 million members, Travelzoo soon found people were still willing to book, but mostly for future trips and not just any trip."People are looking not just to travel, but travel in a memorable way, a special way. So, we’ve been putting out these offers that in some cases are destinations that pre-COVID may not have been on people’s radar. Sort of far-flung bucket-list destinations," said Saglie.Aran Campas, the co-founder of the social media travel site Travevel, says the pent-up demand for travel is showing in different ways."We're seeing two extremes. When we look in groups, forums, different areas, we have the people that are like, 'I’m going now. I’m tired of being trapped. I’m not worried about it, I’m going now. I’m going to wear my mask,’ and then, we have the people who are like, 'Oh, I just booked for 2022 or 2023,'" explained Campas.Campas says pre-pandemic, people generally booked a year or less in advance. Now, they're seeing people either book a trip in the next 30 days or two years from now."What I think it is, I don't think it's so much the flexibility, I think it's let's get someone to book," said Campas.Travelzoo says the help in cashflow is certainly good for the longevity of the industry."There is this infusion of traveler cash now that is helping a lot of these companies. A lot of our travel partners that are looking to employ as many employees on the books as possible, bring back as many employees as quickly as possible. That’s certainly an infusion that’s important, as it helps the industry navigate through these next couple of months until we’re on the other side of this," said Saglie.So, how long will these flexible travel deals be around? Experts aren't too sure.As soon as life gets back to normal and regular travel resumes, the deals could be gone. But if you're wanting to book these deals and possibly change the dates later, Travevel says pay attention to the fine print as some may increase the prices if you adjust your date of travel. 2824
The Synthetic Turf Field Recycled Tire Crumb Rubber Research Under the Federal Research Action Plan (FRAP) Final Report: Part 1 - Tire Crumb Characterization has been released. It summarizes the first part of the research study that was conducted under the FRAP. The second part, Exposure Characterization, which will include information from a biomonitoring study that CDC/ATSDR is conducting, will be released later. For more information about the study and timeline, see our website on the Federal Research on Recycled Tire Crumb Used on Playing Fields at 567
The world's largest Lego replica of the doomed Titanic liner was built over 700 hours -- 11 months -- by a 10-year-old boy from Reykjavik, Iceland, who is on the autism spectrum.It will make its American debut Monday at the Titanic Museum Attraction in Pigeon Forge, Tennessee.Brynjar Karl Bigisson, now 15, built the replica with 56,000 Lego bricks. It's 26 feet long and 5 feet tall.Brynjar remembers playing with Legos for hours when he was 5. "I sometimes built from instructions, and sometimes, I used my own imagination," he said.At the time, he was obsessed with trains, but that changed when his grandfather Ludvik Ogmundsson took him fishing on a boat, sparking an interest in and appreciation for ships. By the time Brynjar was 10, he knew everything there was to know about the Titanic."When I traveled with my mom to Legoland in Denmark and saw for the first time all the amazing big models of famous houses and planes, locations and ships, I probably then started to think about making my own Lego model. By the time I was 10, I started to think about building the Lego titanic model in a Lego man size," Brynjar said.The project was a family affair, with grandfather Ogmundsson, an engineer, and mother Bjarney Ludviksdottir helping out. Ogmundsson scaled down the original blueprint of the Titanic to Lego size and helped figure out how many tiny toy bricks would be needed to create the model.Ludviksdottir served as his personal cheerleader. "If she had not supported my dream project, it would have never been a reality," Brynjar said.Donations from family and friends enabled him to buy all the Lego bricks.Brynjar says he was able to embrace his autism through building the Titanic replica.Before starting the project, he had difficulty communicating, which he says made him unhappy and lonely. Now, he has confidence and is giving interviews about his accomplishment."When I started the building process, I had a person helping me in school in every step that I took, but today, I'm studying without any support. My grades have risen, and my classmates consider me as their peer. I have had the opportunity to travel and explore and meet wonderful people," he said.Brynjar's mother said that when she started raising her son, she felt totally blind as to what his future would look like because of his autism, and she worried about the obstacles that many children on the autism spectrum have to overcome. She is now proud to share with other parents of children on the autism spectrum that it is possible to achieve their goals."When your child comes to you with an interesting big crazy dream, mission or goal, he or she would like to reach and needs your help. Listen carefully and make an attempt to find ways to support the child to reach that goal. It might be the best investment you ever make for your kid," Ludviksdottir said.She believes it can be hard for children to follow their dreams, whether they are on the autism spectrum or not. They may face financial hindrances or lack of support. But she believes in the significance of dreams."Dreams keep us going. That is something nobody can take away from us. It's something good to have when you are feeling a little bit stuck or sad. You can always dream."The Lego replica was shipped from Iceland in three large pieces and then carefully reconstructed before its American debut. It will be anchored at the Titanic Museum Attraction through December 2019.Brynjar's grandfather said he believes there are lessons to be learned from what his grandson has achieved."Autism does not have to be scary. Many great scientists and national leaders had and have autism. What matters is that such individuals get understanding and support, because everyone can learn from these people if they listen to what they are saying," Ogmundsson said"When Brynjar was growing up, I often helped him with projects that called for thought and hard work that I thought would be good for him. Then he got this crazy idea to build a 6-meter ship from Lego cubes. Today he speculates a great deal about complex things that require technical understanding."The-CNN-Wire 4135
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