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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 U.S. government is investigating the Equifax breach.In an unusual move, the Federal Trade Commission confirmed on Thursday that it has opened a probe into the Equifax debacle, which may have compromised the personal information of as many as 143 million Americans."The FTC typically does not comment on ongoing investigations," Peter Kaplan, the FTC's acting director of public affairs, said in a statement. "However, in light of the intense public interest and the potential impact of this matter, I can confirm that FTC staff is investigating the Equifax data breach."A spokesperson for Equifax said the company is "actively engaging with and being responsive to regulators, federal agencies and legislators and expect to continue to do so in the future."The company's stock dropped another 8% in early trading Thursday following the FTC statement. The stock fell 15% on Wednesday on investor concerns of an impending investigation.The confirmation comes one day after Sen. Mark Warner sent a detailed letter to the acting head of the FTC calling for an investigation into Equifax's handling of the breach.In particular, Warner called for the agency to scrutinize Equifax for potential security lapses and its poor handling of customer service after the breach was disclosed.Earlier this week, a bipartisan group of dozens of senators also sent a letter urging the FTC, Department of Justice and the Securities and Exchange Commission to investigate Equifax over its executives' stock sales.Three Equifax executives sold shares of the credit-reporting firm worth nearly million shortly after the breach was discovered. The sales came before the breach was announced to the public.Equifax may not be the largest data breach ever in terms of the number of people affected, but it may be more significant because of the sensitive information at risk: social security numbers, addresses and the numbers of some driver's licenses.Maura Healey, the attorney general of Massachusetts, said this week she intends to file the first state lawsuit against Equifax over the breach.Jeb Hensarling, a Republican Congressman from Texas and the chairman of the House Financial Services Committee, said last Friday that preparations are already underway for a congressional hearing on the matter. 2361

The US has reported more deaths from the coronavirus on Wednesday than in any other single day during the pandemic, according to data from Johns Hopkins University.According to Johns Hopkins’ figures, local health officials reported 3,157 deaths from COVID-19 on Wednesday, shattering the previous record of 2,607 set in April.The marker comes as CDC Director Robert Redfield warned on Wednesday that the US could see an additional 180,000 coronavirus-related deaths between today and the end of January — an average of at least 3,000 a day.Meanwhile, coronavirus hospitalizations in the US topped 100,000 on Wednesday according to the COVID Tracking Project, a mark that is well above the spring and summer surges of the coronavirus. Nearly 13% of all US hospital beds are being used by coronavirus patients, placing the nation’s health care system in a precarious situation.Despite population increases since the 1970s, the number of hospital beds in America has steadily declined, according to CDC figures.Wednesday's figures would likely not include infections that occurred during the Thanksgiving holiday weekend as coronavirus infections can take weeks to cause hospitalizations. Public health experts are fearful that despite some states implementing shutdowns of businesses, that holiday travel will cause an additional spike in coronavirus cases.According to Johns Hopkins, the U.S. has recorded at least 100,000 new COVID-19 cases each day since Nov. 3. 1472
The Southeastern Conference is considering barring league championship events in Mississippi unless the state changes its Confederate-based flag.“It is past time for change to be made to the flag of the State of Mississippi,” Commissioner Greg Sankey said in a statement Thursday. “Our students deserve an opportunity to learn and compete in environments that are inclusive and welcoming to all. In the event there is no change, there will be consideration of precluding Southeastern Conference championship events from being conducted in the State of Mississippi until the flag is changed.”The NCAA has already said it would not schedule postseason events in Mississippi because of the state flag.National protests about racial injustice have renewed debate about Confederate symbols. Mississippi has the last state flag that includes the battle emblem: a red field topped by a blue X with 13 white stars. White supremacists put the symbol on the flag in 1894 during the backlash to black political power that developed during Reconstruction.During a Black Lives Matter protest June 5 outside the Mississippi Governor’s Mansion in downtown Jackson, thousands of people cheered as an 18-year-old organizer, Maisie Brown, called for the removal of all Confederate symbols in the state, including from the flag.Bipartisan coalitions of state lawmakers have been trying to build momentum to change the flag, but Republican Gov. Tate Reeves has said repeatedly that if the banner is to be redesigned, it should be done by the state’s voters.People who voted in a 2001 election chose to keep the flag rather that replace it with a design that did not include the Confederate emblem.All of Mississippi’s public universities and several cities and counties have stopped flying the state flag in recent years because of the emblem. The state has two SEC schools — the University of Mississippi and Mississippi State University.Leaders at both universities said Thursday that the state should change the flag.“Mississippi needs a flag that represents the qualities about our state that unite us, not those that still divide us,” Ole Miss Chancellor Glenn Boyce and athletic director Keith Carter said in a joint statement. “We support the SEC’s position for changing the Mississippi state flag to an image that is more welcoming and inclusive for all people.”Mississippi State President Mark E. Keenum said in a statement that he respects Sankey’s position. Keenum said he wrote to state elected officials June 12 telling them that the university’s students, faculty and administrators have been on record in favor of changing the flag since 2015.“The letter said, in part, that our flag should be unifying, not a symbol that divides us,” Keenum said. “I emphasized that it is time for a renewed, respectful debate on this issue.” 2829
The Senate Intelligence Committee voted 10-5 closed doors Wednesday to advance Gina Haspel's nomination as President Donald Trump's CIA director pick, advancing the nominee to a full floor vote where she looks all but assured to win Senate confirmation.Two of the committee's seven Democrats have said they are supporting Haspel, including Virginia's Sen. Mark Warner, the top Democrat on the panel. Haspel currently has more than enough support to win confirmation, as Warner was one of three Democrats to announce Tuesday that they were voting for her, bringing the total to five. 602
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