U S job gains boost confidence in Fed rate hike outlook
The Labor Department reports 271000 October jobs, well above forecasts, with unemployment at 5.0 percent and hourly earnings up 9 cents. Growth broad across sectors, signaling a sturdy labor market and potential rate increase by December. Fed Chair Janet Yellen cited solid performance as a rate hike possibility.
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Washington
U.S
Federal Reserve
Bureau of Labor Statistics
United States
Fed
Janet L. Yellen
Supreme Court takes up contraceptives clash between church groups
The Supreme Court agreed to hear a combined set of cases on whether religious schools colleges and charities must cooperate with the Obama administration's plan to provide free birth control. The government argues notice by objecting groups suffices to shield them. Catholic bishops Notre Dame and groups like Little Sisters of the Poor oppose. The case follows Hobby Lobby and tests Religious Freedom Restoration Act and religious exemptions in health care law.
MENTIONED IN THIS ARTICLE
Supreme Court
Barack Obama
University of Notre Dame
Little Sisters of the Poor
Washington
High Court
Obama
Donald Verrilli
8Th Circuit Court
St. Louis
Hobby Lobby
EU pushes labor and environmental standards for US trade deal
The European Commission unveiled a sustainable development chapter for the Transatlantic Trade and Investment Partnership, aiming to enshrine anti illegal logging and child labor protections. Cecilia Malmstrom emphasized a broad pledge to labor rights and environmental safeguards, citing cooperation after the Rana Plaza disaster in Bangladesh. Friends of the Earth criticized the text as vague and weak.
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Brussels
European Commission
Cecilia Malmstrom
Commission
Malmstrom
Bangladesh
Rana Plaza
Friends of the Earth
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