Business
Job market stayed hot in June despite Fed rate hikes, fewer openings on August 1, 2023 at 4:43 pm Business News | The Hill
The job market may be cooling slightly off recent highs, but its temperature is still sizzling hot.
Job openings ticked down to 9.58 million in June from 9.62 million in May, down from 10.96 million in June of last year, according to data released Tuesday by the Labor Department.
US economy blows past expectations: 3 quick takeaways
That means there are 1.6 open jobs in the U.S. economy now for each job seeker — a ratio that still favors people who are looking for work.
Openings decreased in transportation and warehousing by 78,000 and in state and local government by 29,000. They increased by 136,000 in health care and social assistance.
New hires decreased by 326,000 to 5.9 million. People leaving their jobs either because they were laid off, quit or fired decreased by 280,000 to 5.6 million.
The number of people quitting their jobs decreased to 3.8 million from 4.1 million in May for a quit rate of 2.4 percent. Quits can be a sign of how free workers are to leave their jobs, often to take up new positions with better pay or working conditions.
Biden boosted by economy
The downtick in quits and open jobs isn’t enough to remove the luster from recent surprisingly strong economic data, including a boost in second-quarter economic growth at 2.4 percent annualized.
The steady stream of strong economic data is good news for President Biden heading into the 2024 election as GOP messaging has consistently taken aim at Biden’s handling of the economy.
Surprisingly strong economy shifts political calculations
“The Washington Post suggested that Republicans may have to find something else to criticize me for now that inflation is coming down,” Biden said last month. “Maybe they’ll decide to impeach me because it’s coming down. I don’t know – I love that one.”
How long can the job market defy the odds?
Higher employment is traditionally associated with higher inflation and lower employment with lower inflation, but that relationship has been called into question in recent decades and has been all but thrown out during the recovery from the pandemic.
Inflation is ebbing and compensation is rising, new economic data shows
Consumer inflation has fallen to 3 percent annually, according to data from the Labor Department, even as the unemployment rate has remained near record lows. The jobless rate was 3.6 percent in June, according to the Labor Department.
“This business cycle was so sufficiently strange and sufficiently unusual, that I don’t think that the normal rules of a direct tradeoff between unemployment and inflation necessarily have to apply,” Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said in a Monday interview.
“They certainly have not applied in the last six months,” he said.
According to the Census Bureau, 80 percent of U.S. households receive no income from interest payments, dividends or rental income, implying that money earned in the form of wages from employment is a primary source of income.
Only about 19 percent of households make money from interest, dividends or rent, according to the Census.
Business, Economy, Census Bureau, job market, jolts, Labor Department, quits The job market may be cooling slightly off recent highs, but its temperature is still sizzling hot. Job openings ticked down to 9.58 million in June from 9.62 million in May, down from 10.96 million in June of last year, according to data released Tuesday by the Labor Department. US economy blows past expectations: 3…
As a film industry professional, you’re likely no stranger to the hard work and dedication required to bring a project to life. However, you may not be aware of the crucial role film festivals play in advancing your career and the industry as a whole. Let’s revisit the importance of film festivals and how they can benefit you and your work:
Houston Comed Film Festival Feb 2024
Film festivals provide a platform for your work to be seen by a wider audience, including critics, distributors, and industry leaders. This exposure can lead to recognition, awards, and critical acclaim, which can boost your reputation and open doors to new opportunities.
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From the Film Festival Circuit Founder, Mikal Fair:
“Explore the ‘Film Festival Submitter’s Handbook 2024,’ your ultimate guide to conquering the film festival circuit. Whether you’re a filmmaker or screenwriter, this essential resource provides practical strategies to navigate the competitive landscape of film festivals successfully. From crafting compelling titles, taglines, and synopses to creating impactful director’s and writer’s statements, this handbook equips you with the tools to shine in the festival circuit. Learn to develop effective marketing materials, including posters and trailers, and discover the importance of communication and presenting a professional package. With insights tailored to the evolving role of social media and marketing in the film industry, this handbook is your key to festival triumph. Get your copy now and embark on your journey to festival success!”
Author: Bolanle Media Staff
Located in: EADO Workspaces
The Houston Comedy Film Festival is set to return on October 5th, 2024, and it promises to be an exciting day filled with laughter, learning, and networking opportunities for comedy enthusiasts and aspiring filmmakers alike. This year, the festival welcomes Roselyn Omaka as the new festival director, bringing her expertise and innovative vision to the event.
Attendees can look forward to engaging sessions led by industry professionals. Joan Montreuil from The Newbie Film Academy will provide invaluable insights into financing films and raising capital, helping aspiring filmmakers navigate the often complex world of film funding. Meanwhile, Deloris from DD’s Showbiz will host an interactive acting workshop designed to enhance participants’ skills and confidence in front of the camera.
Although LemarKus Tinker from Friday Night Lights won’t be attending in person, he will offer an exciting virtual one-on-one guidance session for aspiring directors. This unique opportunity allows participants to connect directly with him from the comfort of their homes, gaining personalized advice and insights that can help shape their directorial vision. Imagine having a chance to ask questions and receive feedback from a seasoned professional in the industry—this virtual interaction is sure to be a highlight!
In addition to these educational opportunities, festival winners will have the chance to receive valuable resources from sponsors to further improve their films and business outcomes. This support could be the stepping stone that many emerging talents need to make their mark in the competitive world of filmmaking.
The festival kicks off at 12 PM sharp, so attendees are encouraged to arrive 10 minutes early to ensure they don’t miss any of the action. It’s important to note that everyone must purchase a ticket to attend this fantastic event. Tickets are available for $50, which grants full access to all festival activities. Attendees can purchase their tickets through different platforms: filmmakers (not screenwriters) are encouraged to buy their tickets on filmfestivalcircuit.com, while guests and screenwriters should secure their tickets via meetup.com/bolanlemedia. Tickets can also be purchased at the door on the day of the event.
The Houston Comedy Film Festival has been a cornerstone of the independent film community since its inception in 2008 by author and retired filmmaker Mikel Fair. Over the years, it has consistently ranked in the FilmFreeway Top 100, cementing its status as a must-attend event for comedy filmmakers and fans.
Houston Comedy Film Festival Feb 2024
With Roselyn Omaka’s leadership, the star-studded lineup of industry professionals, and the diverse array of films and activities planned, the 2024 Houston Comedy Film Festival is shaping up to be an unmissable experience. Whether you’re an aspiring filmmaker, a comedy enthusiast, or simply looking for a day filled with laughter and learning, this festival has something for everyone.
Houston Comedy Film Festival Feb 2024
Don’t miss out on this fantastic opportunity to immerse yourself in the world of comedy filmmaking. Grab your tickets now and be part of the Houston Comedy Film Festival experience! Join us on October 5th at the Coronation Theatre in Houston for a day of creativity, laughter, and cinematic celebration! Your next big break could be waiting for you!
Author: Bolanle Media Staff
Veteran actor Khalil Kain, known for his roles in “Juice” and “Girlfriends,” has joined the cast of the upcoming psychological thriller “She Wants My Life.” Kain takes on the role of Marcus, the successful husband of protagonist Niesha.
Actor Khalil Kain and Director Shannon Washington on set of ‘She Wants My Life’
In this tense drama, Kain’s character Marcus is a key figure in the seemingly perfect suburban life that becomes the target of a dangerous obsession. As a successful man with a beautiful family and luxurious home, Marcus represents the ideal that the antagonist Veronica desperately wants to claim for herself.
However, Kain’s role is more complex than just being the object of desire. Marcus is described as having a strained relationship with his wife Niesha, hinting at deeper issues beneath the surface of their picture-perfect life. This tension in their marriage becomes a vulnerability that Veronica exploits as she infiltrates their household.
Behind the scenes of ‘She Wants My Life’
As the story unfolds, Kain’s portrayal of Marcus will likely explore the character’s reactions to the growing chaos in his home life. His performance will be crucial in depicting how Marcus navigates the increasing isolation of his wife, the manipulation of his children, and the encroachment of Veronica into every aspect of his family’s existence.
Kain’s extensive experience in both film and television makes him well-suited to handle the nuanced role of Marcus. His ability to portray complex characters will be essential in bringing depth to a character caught between his deteriorating marriage and the machinations of an obsessed outsider.“She Wants My Life” promises to be a gripping psychological thriller, with Khalil Kain’s Marcus at the center of a story about envy, deception, and the fight to protect one’s family from a dangerous intruder.
With “She Wants My Life” soon to hit screens, Khalil Kain’s nuanced portrayal of Marcus will undoubtedly spark intense discussions. For the latest news, exclusive interviews, and behind-the-scenes peeks, keep following us. As the release date approaches, get ready to immerse yourself in this gripping tale of obsession and betrayal.
Author: Bolanle Media Staff
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