Business

Hurricanes Harvey, Irma expected to dim U.S. jobs growth in short term

Hurricanes Harvey, Irma expected to dim U.S. jobs growth in short term

Virgin Islands in September, the job numbers from those islands are not included in the overall nonfarm payrolls, but their data is collected by the Bureau of Labor Statistics. Harvey made landfall on August 25, while Irma struck September 10. Despite storm-related gyrations, "we have no reason to think that the underlying labor market has changed much since August", said Ian Shepherdson, chief economist at Pantheon Macroeconomics, in a note to clients.


Hurricanes may have wiped out as many as 125000 jobs from September

Hurricanes may have wiped out as many as 125000 jobs from September

The U.S. central bank said last month it expected "labor market conditions will strengthen somewhat further". For the household survey, the Bureau of Labor Statistics collects the relevant data over the week that contains the 12 day of the month, while the establishment survey reflects data for the pay period including the 12.


Hurricanes may have wiped out as many as 125000 jobs from September

Hurricanes may have wiped out as many as 125000 jobs from September

The U.S. central bank said last month it expected "labor market conditions will strengthen somewhat further". For the household survey, the Bureau of Labor Statistics collects the relevant data over the week that contains the 12 day of the month, while the establishment survey reflects data for the pay period including the 12.


Ryanair boss Michael O'Leary 'promises pilots better pay to stay'

Ryanair boss Michael O'Leary 'promises pilots better pay to stay'

The Irish Independent reports that at least 140 Ryanair pilots have left for rival low cost airline Norwegian. Britain's aviation regulator said last week that Ryanair had "capitulated" to pressure to inform passengers hit by flight cancellations of their rights, and would keep pushing the airline to fully compensate them.


Attorney General Becerra issues statement in support of CFPB's Payday Lending Rule

Attorney General Becerra issues statement in support of CFPB's Payday Lending Rule

Most borrowers, however, can't afford to repay these loans and end up rolling them over each week. Cordray offered no insights into any personal political ambitions during his prepared remarks Thursday, in which he framed the CFPB's payday lending rule as an effort to prevent consumers from falling into " debt traps ".


Comedian hijacks Prime Minister's Manchester Conference speech

Comedian hijacks Prime Minister's Manchester Conference speech

Audrey Graham, a delegate from Bury, near Manchester, said she wanted a positive message from the prime minister in her closing address . "Since she has been here, she has done 28 interviews and spoken at 19 receptions and that has taken a toll on her voice, but she is fine".