Job Market Shows Signs of Weakening as Consumers Turn Gloomy_我的网站
A | ARRAS, France -- France will mobilize up to 7,000 soldiers to increase security around the country after a teacher was fatally stabbed and three other people wounded in a school attack by a former student suspected of Islamic radicalization, the president’s office said Saturday.Some children and personnel returned to the Gambetta-Carnot school in the northern city of Arras as it reopened Saturday morning, after a schoolday attack Friday that rattled France in a context of global tensions over the Israel-Hamas war.Counterterrorism authorities are investigating the stabbing, and the suspected assailant and several others are in custody, prosecutors said. The suspect is a Chechen who had attended the school and had been under recent surveillance by intelligence services for radicalization.The government heightened the national threat alert, and President Emmanuel Macron ordered up to 7,000 soldiers deployed by Monday night and until further notice to bolster security and vigilance around France, his office said. The “Attack Emergency” threat posture allows the government to temporarily mobilize the military to protect public places among other measures.At the school Saturday morning, police stood guard as adults and children trickled in. Classes were canceled, but the school reopened for those who wanted to come together or seek support. One mother said she came with her 17-year-old daughter in a show of defiance against extremism, and to overcome the fear of returning to a site where children were locked down for hours after the stabbing.The attacker's exact motive remains unclear, and he is reportedly refusing to speak to investigators.For many in France, the attack echoed the killing of another teacher, Samuel Paty, almost exactly three years ago near his Paris area school. He was beheaded by a radicalized Chechen later killed by police.The suspect in this week's attack had been under surveillance since the summer on suspicion of Islamic radicalization, French intelligence services told the Associated Press. He was detained Thursday for questioning based on the monitoring of his phone calls in recent days, but investigators found no sign that he was preparing an attack, Interior Minister Gerald Darmanin said. French intelligence suggested a link between the war in the Middle East and the suspect’s decision to attack, the minister said. He said authorities have detained 12 people near schools or places of worship since the Hamas attack on Israel, some of whom were armed and were preparing to act. France has heightened security at hundreds of Jewish sites around the country this week.The prosecutor said the alleged assailant was a former student there and repeatedly shouted “Allahu akbar,” or “God is great” in Arabic during the attack. Prosecutors are considering charges of terrorism-related murder and attempted murder against the suspect.The dead educator was Dominique Bernard, a French language teacher at the Gambetta-Carnot school, which enrols students ages 11-18. Another teacher and a security guard were in critical condition with wounds from the stabbing, police said. The counterterrorism prosecutor said a cleaning worker was also injured. Announcing that the school would reopen Saturday, Macron urged the people of France to “stay united.”“The choice has been made not to give in to terror,” he said. “We must not let anything divide us, and we must remember that schools and the transmission of knowledge are at the heart of this fight against ignorance.”___Charlton reported from Paris. Nicolas Garriga in Arras and John Leicester in Paris contributed.。
The number of job openings fell to 8.8 million at the end of July, down from the prior month’s revised 9.1 million in a sign that the economy is downshifting, the Labor Department reported on Tuesday.
The drop brings the number about 2.5 million below the 11.4 million available jobs of a year ago.
Openings fell in professional and business services, down 198,000; health care and social assistance, off by 130,000; and state and local government, including education, where the combined losses totaled 129,000. There was a strong increase in information industry jobs, up by 101,000; and in transportation, warehousing and utilities, where openings increased by 75,000.
“Now it is taking a bit longer for jobseekers to find a job,” said Julia Pollak, chief economist for ZipRecruiter. “There’s meaningful slack in the job market, but it is still a historically tight job market. Overall, I still see the U.S. labor market as understaffed.”
The government will report the monthly jobs number for August on Friday with expectations for a gain of about 168,000 jobs.
“Investors should expect a softening labor report this Friday, further cementing the thesis that the Fed is getting close to finishing its tightening cycle,” said Jeffrey Roach, chief economist at LPL Financial.
Meanwhile, the Conference Board’s consumer confidence index for August found a pullback as Americans grew more concerned about rising prices of gasoline and groceries.
The present situation index – a reading of how consumers assess the current economy – fell to 144.8 from 153.0 in July. The expectations index, a forward-looking measure, declined to 80.2 from July’s bump to 88.
“Consumer confidence fell in August 2023, erasing back-to-back increases in June and July,” saidDana Peterson, chief economist at the business organization. “August’s disappointing headline number reflected dips in both the current conditions and expectations indexes. Write-in responses showed that consumers were once again preoccupied with rising prices in general, and for groceries and gasoline in particular.”
“The pullback in consumer confidence was evident across all age groups – and most notable among consumers with household incomes of $100,000 or more, as well as those earning less than $50,000,” Peterson added. “Confidence held relatively steady for consumers with incomes between $50,000 and $99,999.”
Consumers expected higher interest rates to come, while also lowering their assessment of the probability of a recession.
Also Tuesday, home prices rose 0.9% in June, according to the S&P CoreLogic Case-Shiller index. Prices were unchanged on a year-over-year basis.
"U.S. home prices continued to increase in June 2023," said Craig J. Lazzara, Managing Director at S&P DJI. "Our National Composite rose by 0.9% in June, and it now stands only -0.02% below its all time peak from exactly one year ago. Our 10- and 20-City Composites likewise each gained 0.9% in June 2023, and stand -0.5% and -1.2%, respectively, below their June 2022 peaks.”
"As we've noted previously, the recovery in home prices is broadly based,” Lazzara added. “Prices rose in all 20 cities in June, both before and after seasonal adjustment. Over the last 12 months, 10 cities show positive returns. Otherwise said, half the cities in our sample now sit at all-time high prices.
“Today’s market offers buyers the frustrating combination of low inventory and high home prices,” said Realtor.com economic data analyst Hannah Jones. “Many existing homeowners remain on the sidelines of the market, content to stay put as mortgage rates reach 20-year highs.”
“As a result, home shoppers are seeing fewer existing homes for sale and facing more competition for the homes available,” Jones added. “Builders have started to pick up construction activity to fill this gap, but remain cautious as affordability challenges continue to stifle buyer demand.”
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