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genie outfit female US job growth surged in November after being severely hindered by hurricanes and strikes, but a rise in the unemployment rate to 4.2 percent pointed to an easing labour market that should allow the Federal Reserve to cut interest rates again this month. The labour market's resilience is driving the economy through strong consumer spending, with the closely watched employment report from the Labor Department on Friday showing solid wage growth last month. The economy created 56,000 more jobs in September and October than previously estimated. "The report should soothe bears and bulls alike," said Scott Anderson, chief US economist at BMO Capital Markets. "The solid nonfarm payroll gain and strong earnings growth should keep the economic expansion on a sturdy foundation, even as a gradually rising unemployment rate moderates demand and inflationary pressures over time." Nonfarm payrolls increased by 227,000 jobs last month after rising by an upwardly revised 36,000 in October, the Labor Department's Bureau of Labor Statistics said. Economists polled by Reuters had forecast payrolls would gain 200,000 jobs following a previously reported rise of 12,000 in October. Job growth averaged 173,000 per month over the past three months. Economists had anticipated a payrolls boost of at least 90,000 from the end of strikes at Boeing and another smaller aerospace company as well as a reversal of the disruptions wrought by Hurricanes Helene and Milton. Capital Economics estimated the total contribution was about 70,000, leaving an underlying increase in payrolls of 157,000. "It still implies that underlying employment growth was a touch stronger than October," said Stephen Brown, deputy chief North America economist at Capital Economics. "That matches the message from some of the alternative indicators suggesting that conditions in the labour market are stabilizing at a healthy level." The acceleration in employment gains was led by healthcare, with a rise of 54,000 jobs spread across ambulatory healthcare services, hospitals, nursing and residential care facilities. Leisure and hospitality payrolls increased by 53,000 jobs, which were concentrated at restaurants and bars. Government employment increased by 33,000 positions, lifted by gains in state government. Manufacturing payrolls rebounded by 22,000, with transportation equipment jobs increasing by 32,000 as the striking workers returned to the job. The rise suggests not all of the 38,000 members of the International Association of Machinists and Aerospace Workers who were on strike in October returned to work. They could be reflected in December's data. Social assistance payrolls increased by 19,000 jobs. Construction employment rose marginally, hinting at slow rebuilding efforts in the areas devastated by the hurricanes. There were also gains in financial activities and professional and business services employment. Temporary help services employment rebounded slightly after dropping by 33,300 jobs in October. But the retail sector shed 28,000 jobs, mostly reflecting losses at general merchandise retailers. A late Thanksgiving holiday also could have delayed hiring. Electronics and appliance retailers, however, added 4,000 jobs. The share of industries reporting job growth rose to 56.2 percent from 53.2 percent in October. Financial markets see a roughly 89 percent chance of a quarter-percentage-point rate cut at the US central bank's Dec. 17-18 policy meeting, up from 72 percent earlier, CME Group's FedWatch tool showed. The Fed has lowered interest rates by 75 basis points since September, when it launched its easing cycle. Its policy rate is now in the 4.50 percent-4.75 percent range, having been hiked by 5.25 percentage points between March 2022 and July 2023. Stocks on Wall Street were mostly trading higher. The dollar advanced against a basket of currencies. Yields on longer-dated US Treasuries fell. A bar chart titled "Monthly change in US jobs by sector" that ranks the major sectors of the economy by the number of jobs added or lost in the most recent month. The increase in the jobless rate after holding at 4.1 percent for two straight months reflected weakness in household employment. The smaller and volatile household survey from which the unemployment rate is compiled showed a decline of 355,000 jobs. Household employment dropped in October as well. Tepid hiring, rather than rising layoffs, is lifting the unemployment rate. Weekly claims for state unemployment benefits are at historically low levels. About 193,000 people left the labor force last month, pushing the participation rate, or the proportion of working-age Americans who have a job or are looking for one, down to 62.5 percent from 62.6 percent in October. The employment-to-population ratio, viewed as a measure of an economy's ability to create employment, dropped to 59.8 percent from 60.0 percent in October. The number of people who have permanently lost jobs increased to 1.893 million from 1.835 million in October. The median duration of unemployment spells rose to 10.5 weeks, the highest in nearly three years, from 10 weeks in October. That aligns with the elevation in continuing claims. Some economists cautioned against putting too much weight on the divergence between payrolls and household employment and the continued fall in participation given the survey's volatility. They also argued that household employment and labor supply should have rebounded after being held down by the storms. "Given everything else we know about the labor market, I feel safe in declaring that these November household survey figures are wholly out of line with the underlying reality," said Stephen Stanley, chief US economist at Santander US Capital Markets. "I would expect a rebound in household employment and a drop of at least several basis points in the jobless rate in December." Average hourly earnings increased 0.4 percent last month, matching October's gain. In the 12 months through November, wages advanced 4.0 percent after rising by the same margin in October. The average workweek increased to 34.3 hours from 34.2 hours in October. Aggregate payroll income jumped 0.8 percent after gaining 0.2 percent in October, which should continue to fuel spending. With the economy expanding at a healthy pace, inflation stuck above the central bank's 2 percent target and uncertainty about the policies of President-elect Donald Trump's incoming administration, the outlook for further rate cuts in 2025 is unclear. Business sentiment perked up in the aftermath of Trump's victory in the Nov. 5 election on hopes of less regulation and tax cuts. But his promises to raise tariffs on imports and carry out mass deportations of migrants have raised concerns of higher prices and labor market disruptions. "While these measures can stimulate job growth and raise wages, they need careful implementation to balance potential inflationary risks and fiscal deficits," said Sung Won Sohn, a finance and economics professor at Loyola Marymount University. "Their effectiveness will depend on how they interact with monetary policies and global economic trends."Royal Caribbean's maritime EVP sells $763,922 in stock

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Home | EXCLUSIVE: Ramaphosa reflects on SA’s 30 years of democracy South Africa has achieved a great deal in the space of a generation – but much more needs to be done to achieve the high ideals of the Freedom Charter and realise the aspirations of the constitution. These are the sentiments of President Cyril Ramaphosa in his exclusive SABC, reflecting on the country’s democratic journey. The President lauded the gains made in education, mining, and to some extent the economy, with a commitment for more concerted efforts in regard to land redistribution, black economic empowerment, and social cohesion. Choosing to describe the country’s progress as a half-full glass, Ramaphosa says in efforts to undo the damage wrought by colonialism and apartheid – considerable achievements were made in the last thirty years of South Africa’s democracy. He cited progress made in education, saying it was on this issue that a deliberate strategy was employed to destroy the country’s black majority. “We now have almost 90% of our schools being no fees paying schools. We feed 9 million children every day at school, and we are now moving to two meals a day. That in itself is important because it improves the learning ability of children. When we started, we gave 40,000 of our young people assistance to be at a higher level of learning tertiary. We now give that assistance to 1 point two million and we have built more universities.” The President says government is working to improve the quality of education, and schools’ infrastructure and lower the dropout rate. On mining, Ramaphosa indicated that trade unions and government have worked hard in the last few decades to improve the lives of these workers. He himself was the first leader of the National Union of Mineworkers established in 1982. Ramaphosa says he continues to support the efforts of mineworkers to agitate for better working conditions and wages. “Mineworkers did not have a pension fund, they now have a pension fund. Mineworkers could not resist going underground when it was dangerous, they now do. They have a whole number of areas where they have progressed and on pay the pay has improved but it will never improve in a way where we can be proud mainly because of where mineworkers work, they work in dangerous spaces. Therefore, they need to be remunerated commensurate to the dangers they are exposed to.” With reference to the August 2012 Marikana Massacre at Lonmin Mine – where he was a non-executive Director, Ramaphosa denies contributing to the exploitation of the striking workers as well as the shooting down of 34 people by police. Speaking on land, the President acknowledged more needs to be done to resolve land hunger in South Africa – conceding the government’s weak efforts, whilst citing the prohibitive cost of purchasing land for redistribution and legislative challenges faced in amending the constitution. He has committed to greater speed in giving people land – starting with state-owned land. Ramaphosa also says another area of concern is the slow empowerment of blacks and women in the economy and business sector – citing the 70% of CEOs on the Johannesburg Stock Exchange being white males. He says growing jobs is central to the challenge facing the country – hence the interventions to stop load shedding and fix transportation networks and ports amongst others. Ultimately, he says the formation of the GNU has given South Africans renewed hope for the future. “Many people have become hopeful that yes we can look to a South Africa that can change for the better and we need to exploit that. We want to exploit that next year. We are going to be chairing the G20, and I want a broad section of South Africa’s people to have a sense that this is their G20, and it will not just yield a declaration that will be crafted in the end but will also lead to investments to grow our economy next year. We will also have a national dialogue which I am hoping will bring as many South African organisations as possible so that we can talk about the South Africa we want.” SABC Exclusive | Moments in time: President Cyril Ramaphosa: SABC © 2024Braxton Woodson's breakthrough in the second half of Navy's last game against East Carolina eased many concerns about the team's QB situation.SEOUL, South Korea — South Korean President Yoon Suk Yeol, who stunned the world this week by declaring martial law, has narrowly avoided being impeached, as his party's lawmakers boycotted the parliamentary vote on his ouster Saturday. The motion by opposition lawmakers accused him of insurrection, calling his decree an unconstitutional self-coup. "The president has betrayed the trust of the people and has lost the right to carry out state affairs," the impeachment motion read. Thousands of protesters had gathered outside the National Assembly to cheer on his removal. Now protests are expected to build. "We will not give up. We will prevail," liberal opposition leader Lee Jae-myung said after the motion fell through. "By Christmas, we will bring people the end-of-year gift of restoring the country to normalcy." The liberal party said it would submit the motion again at the next parliamentary session on Wednesday — and every week after that until it passes. The question is whether enough members of Yoon's conservative ruling party will vote to oust him while he still has two-and-a-half years remaining in his term, potentially ceding the presidency to the liberal opposition. Impeaching Yoon requires the support of at least two-thirds of the 300-member National Assembly — or 200 votes. Because the opposition coalition holds 192 seats, impeachment requires eight or more votes from Yoon's conservative People Power Party. In the days following the martial law declaration, a handful of ruling party legislators had indicated they would at least consider impeachment. But only three of them showed up for the vote Saturday, with the remaining 105 leaving the plenary hall in protest. Outside the National Assembly, the crowd gathered to call for Yoon's removal let out a cry of frustration. Among them were citizens who had traveled from hours away and college students studying for exams in the throng while keeping one eye on the news. "Arrest Yoon Suk-yeol!" they chanted as they marched down the promenade. In declaring martial law Tuesday, Yoon railed against the opposition-controlled National Assembly, which he accused of being a "den of criminals" and North Korea-sympathizers. Gen. Park An-su, whom Yoon designated as his martial law commander, subsequently suspended all political activity and declared the media under the military's control. For many in South Korea , the move chillingly harked to the country's past military dictatorships. But three hours after Yoon's decree, legislators — many of them scaling the gates of the locked-down National Assembly — unanimously voted to overrule Yoon, requiring him to lift the decree. On Saturday morning, in a two-minute address to the nation, Yoon apologized for inconveniencing the public and said that he had been motivated by "desperation." While Yoon reportedly told his officials and party members that his decree was meant to send a message to an adversarial legislature — which has filed numerous impeachments against his appointees and moved to investigate his wife on charges of graft and stock manipulation — many, including his own party members, say they believe he had much more sinister motives. Han Dong-hun, the leader of the People Power Party, said that there were signs that the special forces soldiers who had stormed the National Assembly were acting on orders to arrest him and other legislators. Opposition leader Lee, whom Yoon narrowly defeated in the presidential election two years ago, has said the same. "We've confirmed that President Yoon ordered the arrest of major politicians on the grounds that they were anti-state forces," Han said at a party meeting Friday. "I don't think we can pretend like nothing happened." While stating that this was based on "credible" sources, Han did not elaborate, offering only that these plans would be made public in due time "through various channels." In a meeting with Han that same day, Yoon denied giving such an order, Han said. Hong Jang-won, a senior official at the National Intelligence Service, the country's spy agency , told lawmakers Friday that Yoon called him to order the arrest of several lawmakers, including party leaders Lee and Han. Spy chief Cho Tae-yong has disputed Hong's allegations. Yet even while condemning the martial law declaration as unconstitutional and acknowledging that Yoon must ultimately be removed from office, Han and most of his party allies balked at impeachment. For the South Korean conservatives, impeachment is their exposed nerve, and they have reason to tread lightly. The first and only South Korean president to be successfully impeached was conservative Park Geun-hye, who was later investigated and jailed on corruption charges. Her downfall splintered the conservative camp and opened a path for liberal successor Moon Jae-in, whose term conservatives refer to as "the lost five years." Crucial to the success of Park's impeachment was a bloc of conservative legislators who joined the opposition to vote in favor. It is why many party stalwarts are determined to avoid the same fate this time around. "We cannot have any more traitors surrendering to the enemy, like the time with Park Geun-hye," Daegu Mayor Hong Joon-pyo wrote on social media Wednesday. Instead, Yoon's party members have floated more moderate solutions that would make way for Yoon's "orderly resignation," such as revising the constitution to shorten Yoon's term, transferring some of his presidential powers to the prime minister or forming a bipartisan Cabinet. In his recent public address, Yoon said he would leave his fate to the party, hinting that he may relinquish much of his authority to Han, should he avoid impeachment. The liberal opposition has rejected any alternatives to impeachment, calling Yoon a "ticking time bomb." "He is in a very troubling mental state right now. We don't have time to discuss something like 'an orderly resignation,' " liberal party spokesperson Yoon Jong-kun told reporters Saturday morning. "Only Yoon's immediate removal from official duties and impeachment can alleviate the anger of the people and South Korea' s plummeting international credit rating." The liberal party has said that it would propose the motion again Wednesday. "We are going to propose it repeatedly," Lee Jae-myung said, "until it goes through." ©2024 Los Angeles Times. Visit latimes.com . Distributed by Tribune Content Agency, LLC.

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The New England Patriots will have familiar faces on hand against the Indianapolis Colts . The organization elevated guard Michael Jordan and linebacker Keshawn Banks from the practice squad on the eve of Sunday’s matchup at Gillette Stadium. It marks the third and final standard call-up of the campaign for both under NFL rules. Jordan, 26, re-signed to the practice squad on Friday after clearing waivers from the 53-man roster. The vested veteran has started 11 games at left guard this fall, staying in for 87.7 percent of the offensive snaps, which stands behind only ironman right guard Mike Onwenu. He twice served as an elevation from the practice squad in September after initially outlasting August’s cutdown. The 6-foot-6, 315-pound Jordan entered the league with the Cincinnati Bengals in the fourth round of the 2019 class at No. 136 overall. Subsequent stints came with the Carolina Panthers and Green Bay Packers before the Ohio State product reached a futures contract in January. His career spans 66 games and 40 starts. Banks, 24, tied for the New England lead with 93 percent of the workload on special teams last Sunday versus the Miami Dolphins . Now three in a row, he also reverted the week prior after debuting with 18 snaps in the kicking game against the Los Angeles Rams . Joining the practice squad in October following a September workout, Banks stepped into the NFL with the Green Bay Packers as an undrafted free agent in 2023. The 6-foot-3, 255-pound edge defender out of San Diego State spent his rookie regular season on the practice squad and was elevated for the NFC divisional round last January. He began the 2024 in the UFL ranks with the Michigan Panthers. The Patriots ruled out interior lineman Cole Strange, who remains on the physically unable to perform list , and listed nine members of the active roster as questionable on the final injury report . Sunday’s kickoff in Foxborough is set for 1 p.m. ET.NEW YORK (AP) — Thousands of Microsoft 365 customers worldwide reported having issues with services like Outlook and Teams on Monday. In social media posts and comments on platforms like outage tracker Downdetector, some impacted said that they were having trouble seeing their emails, loading calendars or opening other Microsoft 365 applications such as Powerpoint. Microsoft acknowledged “an issue impacting users attempting to access Exchange Online or functionality within Microsoft Teams calendar” earlier in the day. In updates posted on X, the social media platform formerly known as Twitter, the company's status page said it identified a “recent change” that it believed to be behind the problem — and was working to revert it. Microsoft shared that it was deploying a fix — which, as of shortly before noon ET, it said had reached about 98% of “affected environments.” Still, the company later noted that targeted restarts were taking slower than expected for the majority of affected users. “We’re facing delays in our recovery efforts and are taking immediate action to address them,” Microsoft 365 status wrote on X Monday afternoon. “We understand the significant impact of this event to your businesses and are working to provide relief as soon as possible.” Data on Downdetector showed thousands of outage reports from users of Microsoft 365 , particularly Outlook . Reports appeared to peak around noon ET Monday, but have fallen some since.

By WYATTE GRANTHAM-PHILIPS NEW YORK (AP) — Sneaking a little ahead of line to get on that plane faster? American Airlines might stop you . In an apparent effort to reduce the headaches caused by airport line cutting, American has rolled out boarding technology that alerts gate agents with an audible sound if a passenger tries to scan a ticket ahead of their assigned group. This new software won’t accept a boarding pass before the group it’s assigned to is called, so customers who get to the gate prematurely will be asked to go back and wait their turn. As of Wednesday, the airline announced, the technology is now being used in more than 100 U.S. airports that American flies out of. The official expansion arrives after successful tests in three of these locations — Albuquerque International Sunport, Ronald Reagan Washington National Airport and Tucson International Airport. The initial response from customers and American employees “has exceeded our expectations,” Julie Rath, American’s senior vice president of airport operations, reservations and service recovery, said in a statement. She added that the airline is “thrilled” to have the technology up and running ahead of the Thanksgiving holiday . American got lots of attention when it unveiled its gate-control testing last month. Analysts say that isn’t surprising. It’s no secret that line cutting in airports hits a nerve. Whether intentional or not, just about every air traveler has witnessed it, noted Henry Harteveldt, an airline industry analyst with Atmosphere Research Group. It can add to frustrations in what can already be a tense environment, with particular anxiety around passengers wanting to sit together or rushing for some overhead bin space. Harteveldt doesn’t see American’s recent move as “shaming” customers who cut the line. “What it is intended to do is bring order out of chaos,” he said. “And I hope it will defuse any potential flare ups of anger (from) people who simply think they’re entitled to board out of turn .... It’s just not fair.” Harteveldt added that he thinks this change will enhance the experiences of both customers and gate agents. Others say more time will tell. Seth Miller, editor and founder of air travel experience analysis site PaxEx.aero, said he can see the benefits of more orderly and universal gate-control enforcement, particularly for airlines. But he said he isn’t “100% convinced this is perfect for passengers” just yet. Families, for example, might be booked on several different reservations across more than one group, he said. Airlines typically have workarounds for that, and American noted Wednesday that customers traveling with a companion in an earlier group can simply have a gate agent “override the alert” to continue boarding. Still, Miller said, “you have to go through the extra hoops.” And a difficult customer still might choose to hold up the line and argue when they’re not allowed to board, he added. Related Articles National News | A Mexican cartel leader arrested in the US faked his death and assumed a phony name, prosecutors say National News | Major storm drops record rain, downs trees in Northern California after devastation further north National News | SEC Chair Gary Gensler, who led US crackdown on cryptocurrencies, to step down National News | ACLU sues government for records detailing Trump’s mass deportation plan National News | Jussie Smollett’s conviction in 2019 attack on himself is overturned Another question is whether customers who encounter a beep will walk away feeling embarrassed. But Harteveldt said he was happy to learn that American’s alert is “not a bellowing sound that can be heard throughout the terminal,” or accompanied by your name read over a loudspeaker, noting that this is important to avoid feelings of shame. Expanding this technology just a week before peak Thanksgiving travel could be “both good and bad,” Harteveldt adds. On one hand, the tech could help significantly improve the boarding process during such a busy time, he said, but airport employees might also have appreciated more time to prepare. Both Miller and Harteveldt said they wouldn’t be surprised if other carriers soon follow American’s lead. Headaches over airport line cutting are far from new. While maybe not to the extent of American’s new tech, Miller noted he’s seen gate agents from other airlines ask people to leave a line and wait for their group. Harteveldt added that he’s been to some airports in Asia and Europe with “sliding doors” that ensure passengers are in the right group before boarding a plane. The more than 100 airports that American is now using its gate-control technology in are all spoke, or non-hub, locations — including Austin-Bergstrom International Airport and Hartsfield-Jackson Atlanta International Airport. The airline says it expects to further expand to its hubs and other airports in the coming months.The Places of Worship Act, enacted in 1991, has recently re-emerged in the public eye, largely due to oral observations made in May 2022 by the then Chief Justice of India, D.Y. Chandrachud. Congress leader Jairam Ramesh has linked the Act's resurgence to a talk by Rajmohan Gandhi, a Janata Dal MP at the time, during the Rajya Sabha's debate on the Bill. Gandhi's 1991 speech, described by Ramesh as one of the Rajya Sabha's most outstanding, advocated for reconciling differences peacefully. It reverberates today, as Ramesh argues that the Act is being undermined by the Bharatiya Janata Party. His remarks were made amid disputes over historical religious sites in Uttar Pradesh and Rajasthan. The Places of Worship Act prohibits altering the character of religious places as they existed on August 15, 1947. Recent court cases, involving the Gyanvapi mosque in Varanasi, have led to legal discussions and controversies regarding this legislation, highlighting ongoing tensions in India's socio-political landscape. (With inputs from agencies.)Wan-Bissaka wraps up West Ham win at Newcastle to ease Lopetegui pressure - The GuardianJayden Daniels and the offense stalling have the Commanders on a three-game losing streak

Jayden Daniels and the offense stalling have the Commanders on a three-game losing streakShares of "too big to fail" big banks JPMorgan Chase ( JPM 0.77% ) , Bank of America ( BAC 0.02% ) , and Wells Fargo ( WFC 0.91% ) all rallied big in November, with their stocks increasing 12.5%, 13.6%, and 17.3%, respectively, according to data from S&P Global Market Intelligence . All three stocks had reported earnings in October, but the election of Donald Trump and Republican majorities to both the House and Senate on Nov. 5 lit a fire under basically all financial stocks, with the biggest, highest-regulated banks seeing some of the very biggest gains. Hopes for regulatory relief In the wake of the 2008 financial crisis, U.S. and European regulators implemented a slew of new regulations for banks, especially large "too big to fail" banks. Those regulations required large banks to hold much more equity capital in case of a severe downturn in the economy. However, the rules also meant banks were prevented from lending as much as they could, and by a significant amount. JPMorgan CEO Jamie Dimon has long thought post-2008 regulations had gone too far, limiting large banks from lending roughly 100% on their deposits to lending just about 65% on their deposits. But it's not just lending where regulatory relief might benefit large banks. Current Federal Trade Commission chair Lina Kahn has also been fairly hostile to mergers and acquisitions , fighting almost every proposed tie-up made by any decently sized company. If the resistance to deal-making is relieved and Kahn is removed, more M&A activity could occur. All three of these banks also have large investment banking segments, so those segments would see a benefit on any M&A relief from a new FTC director. It's highly likely any new replacement for Kahn would lessen the agency's opposition to M&A deals. Finally, a Trump administration and Republican majorities in Congress are likely to at least preserve the lowered corporate tax levels implemented in the 2017 Tax Cuts and Jobs Act, which were set to expire next year. U.S. banks are typically full corporate taxpayers, so the prospect of continued low taxes also allowed investors to pencil in more bottom-line earnings next year and beyond with more certainty. Financials on fire The financial sector has actually been the best-performing sector in the global markets this year, even outpacing the technology sector amid all the AI hype. That can be traced back to much lower starting valuations, the prospect of lower interest rates after a couple years of high inflation, and now this assumed regulatory relief from the incoming administration. Even after their stock surges this year, JPMorgan, Bank of America, and Wells Fargo all trade with mere mid-teens trailing P/E ratios . Those multiples are higher valuations than these stocks traded at before, but are by no means very expensive. Therefore, shareholders can feel safe holding these names, while those without exposure to the banking sector might wish to add these big banks to diversify their portfolios .

NEW HAVEN, Conn. (AP) — Casey Simmons scored 18 points as Yale beat Vermont 65-50 on Saturday. Simmons had eight rebounds and three steals for the Bulldogs (5-5). Nick Townsend scored 13 points while shooting 4 for 10 (2 for 4 from 3-point range) and 3 of 4 from the free-throw line and added six rebounds. Bez Mbeng had 11 points and went 4 of 11 from the field (2 for 5 from 3-point range). The Catamounts (5-6) were led by TJ Hurley, who recorded 21 points. Shamir Bogues added 12 points for Vermont. Ileri Ayo-Faleye finished with seven points and three blocks. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Game ball, three stars, and snap count analysis: Week 12, Eagles at Rams - PhillyVoice.comIndiana vs. Nebraska FREE LIVE STREAM (12/12/24): Watch men’s college basketball online| Time, TV, channel