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The unemployment rate has dipped below 4 percent for the first time since 2000.The United States added 164,000 jobs in April, the Labor Department reported Friday. That was slightly below what economists expected. Unemployment dropped to 3.9 percent, the lowest since December 2000."The employment situation continues to surprise everyone," said Robert Frick, chief economist with Navy Federal Credit Union. "Getting down to 3.9 is quite a marker."Wages grew 2.6 percent from a year earlier. That was also slightly below expectations.The report indicates another month of solid job growth for an economy that has been expanding for almost nine years — the second-longest streak on record.Hiring gains in April were broad. Professional and business services added 54,000 jobs, health care added 24,000, and manufacturing posted an increase of 24,000 jobs.The mining sector added 8,000 jobs, extending its gains. Employment in mining has risen by 86,000 since October 2016.The wage growth number seemed unlikely to alarm Wall Street, which has been worried in recent months about inflation. Stock futures were little changed after the report came out.Inflation is closing in on the Federal Reserve's 2% target, gasoline is heading toward a gallon, and companies are reporting cost pressures. Faster inflation could force the Federal Reserve to raise interest rates more quickly than planned.Frick believes unemployment will keep falling as businesses offer more attractive wages and benefits to fill openings."There's still hundreds of thousands of more people who will enter the workforce," he said. "I think we can get down to 3.5 percent."If unemployment falls much further, it will reach territory not seen in half a century. Unemployment fell as low as 3.8 percent in April 2000, in the waning days of the technology boom. The last time it was lower than that was 1969. 1898
The Walt Disney Co. is planning to lay off 28,000 workers in its theme parks division in California and Florida.The company has been squeezed by limits on attendance at its parks and other restrictions due to the pandemic. Officials said Tuesday that two-thirds of the planned layoffs involve part-time workers but they ranged from salaried employees to nonunion hourly workers.In addition to the 28,000 nonunion workers, Disney said it is discussing next steps with unionized cast members.Disney’s parks closed last spring as the pandemic started spreading in the U.S. The Florida parks reopened this summer, but the California parks have yet to reopen as the company awaits guidance from the state of California.Disney along with local officials, have pressured California officials to resume operations at Disneyland. Disneyland has been ordered to remain closed by California Gov. Gavin Newsom.Newsom said a month ago that he would have an announcement soon on plans to allow for a reopening of amusement parks in California, including Disneyland.“In light of the prolonged impact of COVID-19 on our business, including limited capacity due to physical distancing requirements and the continued uncertainty regarding the duration of the pandemic – exacerbated in California by the State’s unwillingness to lift restrictions that would allow Disneyland to reopen – we have made the very difficult decision to begin the process of reducing our workforce at our Parks, Experiences and Products segment at all levels, having kept non-working Cast Members on furlough since April, while paying healthcare benefits,” said Josh D’Amaro, Disney Parks chairman. “Approximately 28,000 domestic employees will be affected, of which about 67% are part-time. We are talking with impacted employees as well as to the unions on next steps for union-represented Cast Members.” 1872
The US House of Representatives passed a federal "right-to-try" bill Wednesday night, leaving many Americans wondering what the move could mean for their health and that of their loved ones.The bill, backed by President Donald Trump, would give terminally ill patients the right to seek drug treatments that remain in clinical trials and have passed phase one of the Food and Drug Administration's approval process, but they have not been fully approved by the FDA.The bill passed the House 267 to 149, after failing to pass last week. Now the legislation needs approval from the Senate.Right-to-try laws exist in 38 states -- Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, New Hampshire, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, West Virginia, Washington and Wyoming -- but this federal bill would introduce legislation across state lines.The central question, however, remains: Would a federal right-to-try bill help or hurt some of the country's most fragile patients? Here's what you need to know, according to experts on both sides of the legislation. 1320
The United States of America will NOT be cutting funding to @starsandstripes magazine under my watch. It will continue to be a wonderful source of information to our Great Military!— Donald J. Trump (@realDonaldTrump) September 4, 2020 243
The romaine lettuce outbreak has many consumers thinking about where their crops are grown.One rooftop greenhouse company in Chicago says their lettuce is safer and longer-lasting.Jenn Frymark, the chief agriculture officer and manager of Gotham Greens, pulls out a head of lettuce and immediately starts to eat it."No, you don't need to wash it,” Frymark says. “We don't have that on our package, but there's no reason for me to wash it. I never wash any of our lettuce at home. It's amazing; nothing touches it; it’s so clean.”Here at Gotham Greens, lettuce is grown differently. They do it hydroponically. That means it’s grown without soil, but in a nutrient-rich water. Instead of a traditional farm field, this lettuce is grown on rooftop greenhouses.Their space on Chicago's south side is the largest rooftop greenhouse in the country. Because of the controlled environment, crops can grow in a third of the time of a traditional field.“We're giving this plant everything it wants: the right day temp, the right night temp, the nutrients, CO2 levels, air circulation, the water,” Frymark explains. “I mean, these are very coddled plants and they have everything they need, and they can just grow in this perfect environment and reach maturity very quickly.”Gotham Greens sells to grocery stores in the Chicago and New York metro areas, as well as select Whole Foods stores. The product goes from the greenhouse directly to grocery shelves in a day and a half.The company’s lettuce also lasts longer than the traditional grocery lettuce out here. Frymark says their product can last up to two to three weeks in the fridge. Additionally, Gotham Greens prices are comparable to other organic produce.Frymark also says their method dramatically lowers the risk for foodborne illness.“There [are] no manures, there’s no water sources that could be contaminants,” she says. “We don't have birds and animals getting into the field.”She says the company is expanding and plans to open more rooftop greenhouses in the near future. 2053