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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 great outdoors can be a great escape physically and emotionally.For a select group of first responders, outdoor adventures can provoke feelings that they desperately need while also providing peace of mind during this pandemic and political season.“My mind is actually blank and relaxed for once because I don’t think I’ve had this since everything has started,” said a pharmacist attending Hero Recharge, free outdoor adventures provided by the nonprofit group First Descents.This program started 20 years ago when the group’s founder took his aunt, who was diagnosed with cancer, out kayaking. Her time on the river was an important part on her recovery process.Since then, First Descents has grown to an international movement with major sponsors such as the Dunkin' Joy in Childhood Foundation, VF Foundation, Basepoint Foundation, and Samberg Family Foundation.Fist Descents is serving those suffering from cancer and multiple sclerosis through activities like surfing, kayaking and rock climbing. This year, they’re now helping health care workers impacted by the COVID-19 crisis.Nurse practitioner Marybeth Spinos has volunteered with the First Descents for the past several years and says the camaraderie outside of the workplace can help health care workers step away from their stresses and fears about being on the front lines.“What’s so beautiful about these opportunities is that you can be with people who really get it,” Spinos said.That includes people like emergency room nurse Emily Lanier, who’s disappointed with the handling of the crisis, especially with a recent surge in new COVID cases nationwide.“We’ve already been through this and now we know a lot more and we’re still going through it,” she said. “We just don’t know when this is going to end and so it’s kind of hard to picture any kind of future.”Being out of the hospital and in nature does help these health care workers heal physically and emotionally.“Just being out here, away from it all, just kind of puts everything out of my mind,” said pharmacist Troy Chunkapura.He says sharing similar environmental experiences with others in the medical community gives him hope.“We’re in this together,” Chunkapura said. “There is a light at the end of the tunnel and we’re going to get through this.” 2292

The race for a COVID-19 vaccine appears to be on the horizon. But without large numbers of Americans getting the vaccine, the notion of herd immunity could be a challenge. Some are pondering whether people should be required to get a vaccine.Coronavirus cases are spiking across most of the country. Hospital ICU beds are becoming scarce, and a number of states are warning of potential lockdowns.“If they don’t start to bend this curve, then it is clear that we’re going to have to take more difficult measures and go to a stay-at-home order,” said Illinois Governor JB Pritzker.But there was some good news this week. Pfizer concluded phase three of its vaccine study. The two-shot course they say is 95 percent effective against COVID-19. Earlier in the week, Moderna said its vaccine is 94.5 percent effective.“Based upon the preliminary data that is out there, these vaccines appear to be quite safe and very, very effective at preventing COVID,” said Dr. Tina Tan, a professor of infectious disease at Northwestern University’s Feinberg School of Medicine and a pediatrician at the Ann & Robert H. Lurie Children’s Hospital in Chicago.If green-lit by the FDA, one question that may arise is whether Americans should be mandated to get vaccinated. In August, Dr. Anthony Fauci weighed in.“You don’t want to mandate and try and force anyone to take the vaccine. We’ve never done that,” said Fauci.According to a Pew Research survey in September, about half of U.S. adults (49 percent) said they definitely or probably would not get vaccinated. That was up from 27 percent in May.“I think it's going to be really important to build public trust before we talk about mandating vaccines for adults or even for children,” said Tan.Tan points out that none of the vaccines have been tested in children, and so, school mandated vaccinations could be years away.Still, legal scholars say local vaccine mandates have historically had solid legal precedent for enforcement for more than a century.“The short answer is yes, a vaccine can be mandated under the law,” said Juliet Sorensen, a professor of health and human rights at Northwestern University’s Pritzker School of Law.Sorensen says it’s still a complex question, not just about whether a vaccine can be mandated, but whether it should be.“The Constitution empowers state and local governments to take measures in furtherance of the public health as long as there is a basis in science for doing so,” she explained.And while few are endorsing a vaccination mandate right now, as the death toll climbs without universal mask-wearing and social distancing, it could be up for further debate. 2655

The New York attorney general is investigating the parent company of MoviePass, a source familiar with the probe confirmed to CNN Business.The state is looking into whether Helios and Matheson (HMNY) misled investors about its finances, the source said. The investigation is being conducted under New York's Martin Act, an anti-fraud and investor protection law. The existence of the probe was first reported Wednesday by CNBC.The movie subscription service exploded in popularity last year when it began offering customers the ability to watch as many movies in theaters as they wanted for per month. But that business model proved unsustainable, and the company has since changed its subscription plans and pricing as well as the number of movies it makes available to its customers.As the company's troubles worsened this year, its stock price also cratered.Helios and Matheson stock was trading at an all-time high of nearly a share in October 2017. Now the stock is trading at 2 cents — and that's after the company approved a reverse split to boost the price 250-fold earlier this summer.Nasdaq has even warned Helios and Matheson that it could delist the stock.Helios and Matheson and MoviePass did not respond to requests for comment Wednesday.The company is wrestling with other problems as well.Board member Carl Schramm, an economist and Syracuse University professor, recently quit his job and claimed that executives mismanaged the business and withheld crucial information from the board.Purported stockholders have filed two federal class-action complaints against Helios and Matheson in August, claiming the company made "materially false or misleading" statements to the market. The company said at the time that it intended to "vigorously defend" itself and believed the complaints were "without merit."Last month, the company filed new paperwork with the Securities and Exchange Commission indicating that it was going to ask shareholders to vote on another reverse split — one that this time could increase the stock by as much as 500-fold.That meeting was scheduled to happen Thursday. In documents filed with the government on Tuesday, the company said the meeting would be moved to November 1 so stockholders had more time to consider the split before voting. 2323

The National Hurricane Center said it is currently monitoring three storms that could potentially develop into tropical cyclones in the coming days, adding more anxiety to what has already been an extremely active hurricane season.One of the systems, located just off the North Carolina coast, became the 15th tropical depression of the Atlantic hurricane season Monday afternoon. The depression is expected to form into a tropical storm in the coming days, and pass to the north of Bermuda. The potential tropical storm is not expected to affect the United States mainland. The National Weather Service defines a tropical depression as a low-pressure system that is being fueled by warm, tropical water and is rotating around a "well-defined" center. Once these storms have sustained winds of at least 39 mph, they become a "named" tropical storm."Nana" is the name that will be given to the next tropical storm, followed by "Omar" and "Paulette." There have been 13 named storms so far this hurricane season. At this time last year, there had only been five named storms.A second system is brewing in the Caribbean sea. The system has a 70% chance of development in the next 48 hours, and could impact Jamaica,Honduras, Belize, Guatemala and the Yucatan later in the week.A third system emerging off the coast of Africa is not expected to develop in the next 48 hours, but has a 30% chance of becoming a tropical depression or storm later in the week.The developments come just days after Hurricane Laura made landfall in Louisiana, a storm that killed 14 people and caused extensive damage near Lake Charles and other towns in the western part of the state 1667