General News
Meropi Kyriacou Honored as TNH Educator of the Year
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
WASHINGTON — Slightly more Americans applied for unemployment benefits last week as the labor market remains one of the healthiest parts of an uneven U.S. economy.
Jobless claims for the week ending Oct. 22 inched up by 3,000 to 217,000 from 214,000 the previous week, the Labor Department reported Thursday.
The four-week moving average rose to 219,000 from 212,250 the previous week.
Applications for jobless claims, considered a proxy for layoffs, have remained historically low even as the Federal Reserve has cranked up its benchmark borrowing rate in an effort to cool the economy and tame inflation.
Fed officials have warned that the unemployment rate will likely have to rise as part of their fight against rising prices, and the most recent government jobs report likely snuffed out any hope that the Fed would pause rate increases when it meets in next week.
American employers slowed their hiring in September but still added 263,000 jobs and the unemployment rate fell from 3.7% to 3.5%, matching a half-century low.
Earlier this month, the government reported that inflation in the United States accelerated in September, with the cost of housing and other necessities intensifying pressure on families and businesses.
Four-decade high inflation has prompted the Federal Reserve to keep raising its key interest rate, which is currently in a range of 3% to 3.25%. A little more than six months ago, that rate was near zero. The sharp rate hikes have pushed mortgage rates up near 7%, and made other borrowing costlier. The Fed hopes that higher interest rates will slow borrowing and spending and push inflation closer to its traditional 2% target.
The U.S. economy rebounded in the third quarter, the government reported Thursday, expanding by 2.6% after contracting in the first half of the year.
The total number of Americans collecting unemployment aid rose by 55,000 to 1.44 million for the week ending Oct. 15, its highest level in seven months, but still not a worrisome level.
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
DENVER (AP) — One person was killed and 12 people were rescued after being trapped for about six hours at the bottom of a former Colorado gold mine when an elevator malfunctioned at the tourist site, authorities said.
After three wins from four games as England interim coach, Lee Carsley appeared to distance himself from taking on the job full time.
PRESCOTT VALLEY, Ariz. (AP) — Former President Donald Trump on Sunday proposed hiring 10,000 additional Border Patrol agents and giving them a $10,000 retention and signing bonus, after he derailed a bipartisan bill earlier this year that included funding for more border personnel.
ATHENS - PASOK Socialist leader Nikos Androulakis easily beat back a challenge to his struggling leadership in a runaway win over Athens Mayor Haris Doukas on Oct.
After Turkey indicated wanting a shift in talks toward maritime zones and demands that Greece demilitarize islands, Foreign Minister Hakan Fidan is set to visit Greece to make his country’s case.