Month by month garden planner11/8/2023 ![]() ![]() That contributed to an increase in aggregate wage income, which should support consumer spending and the overall economy. The average workweek rose to 34.4 hours from 34.3 in July. There was no sign employers were reducing hours last month. Futures tied to the Fed's policy rate show only a slight chance of a rate hike at the Sept. Financial markets are now betting the central bank is done raising rates and may start cutting them next year, according to CME Group's FedWatch Tool. Since March 2022, the Fed has raised its policy rate by 525 basis points to the current 5.25%-5.50% range. The United Auto Workers last month said members voted overwhelmingly in favor of authorizing a strike at General Motors (GM.N), Ford Motor (F.N) and Stellantis (STLAM.MI), if an agreement over wages and pension plans was not reached before the current four-year contract expires on Sept. But some economists are worried that recent union contracts, including one at United Parcel Service, could put upward pressure on wages. As fewer people quit their jobs in search of greener pastures, wage growth could continue to trend lower. Wages are still rising faster than the 3.5% pace that economists say is consistent with the Fed's 2% target. In the 12 months through August, wages rose 4.3% after increasing 4.4% in July. Average hourly earnings climbed 0.2%, the smallest rise since February 2022, after gaining 0.4% in July. The transportation and warehousing sector shed 34,000 jobs, with employment in the sector also depressed by the loss of 9,000 courier and messenger jobs. Government payrolls increased marginally. REUTERS/Elizabeth Frantz/File Photo Acquire Licensing RightsĮmployment in the professional and business services sector rose by 19,000, but temporary help services, which is seen as a harbinger for future hiring, continued to decline, losing 19,000 positions. ![]() Remove any wasp nests hanging from eaves or overhangs.An employee hiring sign with a QR code is seen in a window of a business in Arlington, Virginia, U.S., April 7, 2023. Practice pest prevention by keeping firewood away from the house, trimming shrubs, and repairing rotten or broken woodwork.Wrap insulation around outdoor faucets and pipes in unheated garages.Inspect exterior door hardware fix squeaky handles and loose locks.Install a smoke detector on every floor of your home, including the basement. Replace the batteries in smoke and carbon monoxide detectors.Tune up major home appliances before the holidays.Drain and winterize exterior plumbing, including hoses and in-ground sprinkler systems.Mend cracks and gaps in the driveway and walkway. ![]() Remove leaves and debris from gutters and downspouts.Inspect roofing for missing, loose, or damaged shingles and leaks.Touch up exterior siding and trim with paint.Replace old, drafty windows for more energy-efficient models.Seal cracks and gaps in windows and doors with caulk or weather stripping replace if necessary.Have your fireplace professionally inspected. Check the fireplace for damage or hazards and clean fireplace flues.Schedule an inspection in late summer or early fall before the heating season begins. Have the forced-air heating system inspected by a professional. ![]()
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