Unemployment drops to three-decade low as economy grows
The September unemployment rate falls to 3.9 percent, black unemployment hits a record low of 7 percent, and women’s rate declines to 3.5 percent. Payrolls rise 252,000 with gains in service sectors while manufacturing loses ground amid strikes and energy costs. Dow and Nasdaq slide on inflation fears as Fed debates further rate moves.
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Washington
Clinton-Gore
White House
Clinton
America
Labor Department
Wall Street
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Gordon Richards
National Association of Manufacturers
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Fed
Unemployment worth watching as inflation risk rises
Economists expect the Fed to stay on hold through year end but Friday's jobs data challenges that view. Wells Fargo economist Sung Won Sohn says more rate hikes could follow after the election. The next rate decision is set for November 15. Net access to the employment report is linked.
MENTIONED IN THIS ARTICLE
Fed
Wells Fargo
Sung Won Sohn
House OKs Internet alcohol sales curb with state powers
The House approved a bill giving state attorneys general power to seek federal injunctions to halt illegal interstate alcohol shipments. The measure, backed by most Republicans and opposed by Rep. Mark Sanford, aims to curb direct online or phone sales bypassing wholesalers, amid a backdrop of states restricting interstate alcohol sales. Senate action anticipated next week.
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House
Senate
Mark Sanford
S.C
Joe Scarborough
States
Defective Century infant car seats recalled over handle failures
Four million Century rear facing infant seats made 1991 to 1997 face recall after NHTSA reports 2,700 handle problems and over 200 injuries. Warning urges parents to avoid gripping handles and carry by the seat body. Replacement handles and recall details will be available after October 12.
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Washington
Ohio
Century Products Co
Grace Children’s Products Inc
Macedonia
National Highway Traffic Safety Administration
Century
NHTSA
Sue Bailey
DOE: One-third of emergency oil will be additional supplies
Washington AP report shows only about a third of 30 million barrels from the Strategic Petroleum Reserve will become extra refinery output. The rest will displace imports 20 million barrels as refineries prefer government stock due to price. Mazur notes 10 million barrels of added output could yield 3 to 5 million barrels of heating oil and diesel.
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DOE
Washington
Energy Department
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Energy Information Administration
Mark Mazur
Statistical Agency
Administration
EJA
Clinton
EIA
Mazur
Congress
John Felmy
The
American Petroleum Institute
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Centuryproducts
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Mike
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renmiLome
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Baue Evans Carpets
Odessa
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MENS
Town & Country
E. University
Robosaurus
Bellamy Brothers
Caf
Dan Buchanan
Midland
Big Spring
Andrews
Lubbock
Airsho.org
FINA
Confederate Air Force
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