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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Nov 27, 2014
Page
4
The Labor Department reports 313,000 weekly unemployment applications, up 21,000 from the prior week. The four week average reaches 294,000 as seasonal factors and cold weather influence layoffs, while job gains and a 5.8 percent unemployment rate suggest a still healthy labor market.
Ohio state Rep. Mike Foley proposes a bill to require stores to pay workers triple wages for Thanksgiving shifts allowing employees to refuse the holiday work without sanctions. The measure follows protests and complaints tied to wage and scheduling practices across major retailers including Macy’s and Walmart.
U S consumers and businesses trimmed spending in October with a 0.2 percent gain and incomes up 0.2 percent, signaling a fourth quarter slowdown after a string of strong growth. Analysts anticipate a 2 to 2.5 percent annual expansion in Q4, down from prior 3 to 4 percent forecasts, despite improving sentiment and holiday gains.
U S regulators threaten fines and a nationwide recall of Takata driver air bag inflators unless the Japanese firm files defect paperwork. NHTSA cites ruptures injuring drivers in California and North Carolina and urges expanded recalls beyond high humidity states while Chrysler faces expanded notices and dates.
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