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Thursday, August 24, 2023

The Daily Money: Busiest international airport tops pre-COVID traffic

U.S. job growth last year was somewhat less booming than initially believed

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Thu Aug 24 2023

 

Paul Davidson  Economics and Jobs Reporter

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A Help Wanted sign

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Happy Wednesday, Daily Money readers! It's Paul Davidson bringing you the latest headlines.

Job growth was strong last year − just not quite as booming as believed.

The U.S. economy added 306,000 jobs fewer than first estimated in the 12 months ending this past March, according to the Bureau of Labor Statistics' annual benchmark revision . Thus, during that period, average monthly job gains averaged a still robust 311,500 instead of 337,000.

The latest tally is based mostly on state unemployment insurance records that reflect actual payrolls while the prior estimate was from surveys that produce data for the monthly jobs report. Wednesday's estimate is preliminary and will be finalized early next year.

UPS and Teamsters avert strike

Good news: There will be no disruption in your Amazon package deliveries.

Teamsters members have voted to ratify a collective bargaining agreement with UPS that averts what would have been the largest single-employer strike in U.S. history.

The five-year contract provides higher wages as well as about 60 other changes and improvements.

The Teamsters, which represent about 340,000 UPS workers nationwide, voted 86.3% to ratify the agreement.

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🍔Today's Menu🍔

Oscar Mayer has released its version of a hot dog straw.

A year ago, a New York baseball fan took a hot dog, carved it out to make a straw and dipped it into a beer glass to sip his brew. The incident was record and went viral, making Internet history.

The Oscar Mayer Hot Dog Straw, commemorating the event, is available for pre-order nationwide while supplies last.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

The new campaign between Barilla and tennis player Coco Gauff will give free pasta meals to people across the U.S. People can sign up for the giveaway starting on Aug. 23.

Coco Gauff, the tennis player who rose to fame when she turned pro at 14, is partnering with Barilla to give away pasta and a year's worth of groceries.

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Starbucks Pumpkin PSL & Pumpkin Cream Cold Brew courtesy of Starbucks
 

20 years of the #PSL: How the Starbucks Pumpkin Spice Latte was born

Starbucks 2023 Fall menu has been officially unveiled and topping the list is (of course) the Pumpkin Spice Latte. Here's how the beverage came to be.

Massachusetts State Lottery's
 

Massachusetts resident wins $25 million from a $50 instant game

The Billion Dollar Extravaganza $50 instant game made three Massachusetts residents millionaires in August, the state announced.

Lotto 47 logo
 

Michigan resident purchases $8.75 million winning ticket in state lottery

The Michigan Lottery says one lucky winner matched all numbers drawn Saturday, Aug. 19 for Lotto 47. The jackpot is worth $8.75 million.

File photo taken in 2014 shows a graduate of Northwest Florida State College wears her graduation cap at the school's commencement ceremony in Niceville, Fla.
 

Refunds issued for Ameritech Financial student loan forgiveness scam

Ameritech Financial scammed 22,562 students and made millions. The DOJ and FTC are working to get them refunds.

Travel apps to help plan road trips
 

Rule the road trip with these apps

From planning the perfect route to finding unique and pet friendly places to visit, these apps will help you rule the road trip.

An American Airlines 737-800 aircraft sits at a gate at Chicago's O'Hare International Airport on January 29, 2013.
 

American Airlines flight from Miami to NYC diverts to Jacksonville after pepper spray incident

An American Airlines flight was diverted to Jacksonville after someone inadvertently sprayed a bottle of pepper spray in the cabin.

A Frontier Airlines plane lands at Miami International Airport on June 16, 2021.
 

Frontier doesn't want student loan debt to get you down

Frontier Airlines is giving away miles to people paying off their student loans. Here's what you need to know about the sweepstakes.

7 Greens Gumbo with Chicken & Andouille Sausage
 

Tiana's Palace offers New Orleans-inspired food: See the menu

The newest restaurant at the Disneyland Resort is meant to take guests to New Orleans with a menu full of spice.

Airports  $25 billion would be spent on the nation's airports to reduce congestion and help them recover from losses amid the COVID-19 pandemic. Upgrades of air traffic control systems, terminal renovations and improved access would be part of improvement plans.  A plane takes off behind the air traffic control tower at San Francisco International Airport in San Francisco, Nov. 24, 2020.
 

Airplane near misses are increasing. Here's what the FAA is doing.

The Federal Aviation Administration insists flying is still extremely safe and improvements are being made even as near miss numbers rise.

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