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US adds 162,000 jobs in August, raising Fed rate hike expectations | Business and Economy News

The United States economy has added 162,000 jobs in August, with large gains in local government education and food services.

The unemployment rate remained unchanged, according to the monthly jobs report released by the US Department of Labor’s Bureau of Labor Statistics (BLS) on Friday.

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The data was well above analysts’ expectations. Economists polled by Reuters had forecast 56,000 gains, the Wall Street Journal forecast 53,000, and Bloomberg had forecast 55,000, following a loss of 23,000 in July.

Local government education, or public schools, accounted for nearly 42,000 of the jobs added as the 2026–27 school year begins across much of the US. Teachers typically fall off payrolls during the summer months when school is not in session.

Food service jobs also saw large increases, with the sector adding 59,000 jobs for the month of August compared with the month prior.

There were also gains in construction, which added 22,000 jobs, and healthcare, which added 12,000.

The information sector, which accounts for industries like data processing, web hosting, publishing, broadcasting and telecommunications, fell by 23,000, with notable layoffs at companies including Scripps TV and Zillow, which fall under the umbrella of these industries.

The financial activities sector, which accounts for industries like insurance, commercial banking and real estate, dropped by 12,000.

Mixed data

The data comes in sharp contrast to the ADP national employment report, which tracks private payrolls and found 38,000 jobs added across the US economy.

Meanwhile, the Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) report released on Tuesday revealed job openings were slightly changed, with 7.3 million in July, up from 7.2 million the previous month, while total separations fell to 5.1 million in July from 5.3 million in June.

The move in job gains comes ahead of the US Federal Reserve’s policy meeting later this month, where the central bank will vote on interest rates. Amid the job gains, CME Group’s FedWatch, which tracks the likelihood of monetary policy decisions, had a 60 percent chance of a 25 basis point rate increase to 3.75–4.00 percent, up from 49 percent on Thursday.

US President Donald Trump was quick to comment on the jobs report and push for rate cuts.

“Lower the interest rates because the U.S.A. is a much stronger credit than it was a short time ago!” he said in a post on his social media platform Truth Social.

He also ramped up threats to cut off trade with nations that the US has a deficit with if the central bank does not cut rates.

Despite a strong jobs report, US markets are trending downwards. The Nasdaq is down 0.2 percent, the Dow Jones Industrial Average is down 0.5 percent, and the S&P 500 is down 0.3 percent amid Trump’s comments.

Meanwhile, Canada released its jobs report amid the ongoing trade dispute with the US. The Canadian economy lost 41,700 jobs, according to Statistics Canada, with the unemployment rate holding steady at 6.4 percent.

“We expect the economy will continue struggling to create jobs in the near term as mounting headwinds from new US-Canada tariffs, greater uncertainty from a flare-up in the trade war, and the ongoing Iran conflict and a shrinking population weigh on hiring,” Tony Stillo, director of Canada Economics at Oxford Economics, said in a note provided to Al Jazeera.

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Shaky future of Spectrum’s Lakers channel adds more drama to the team’s sale

For more than a decade, Los Angeles’ premier sports teams — the Lakers and the Dodgers — have relied on big-ticket TV rights deals to boost their operations and player payrolls.

But major changes are looming.

The prospective new Lakers owners — investor Joshua Kushner and former Walt Disney Co. chief executive Bob Iger — will inherit an uncertain long-term television picture for the team when they assume control of the storied franchise.

Charter Communications’ Spectrum service broadcasts Lakers games on its SportsNet cable channel. The Lakers are set this fall to enter the 15th year of their long-term, $3-billion agreement with the cable company to bring regular season action to local viewers.

But Charter executives have discussed exiting that relationship, which guarantees the team about $200 million a year in revenue, according to people familiar with the company’s plans who were not authorized to comment.

Charter months ago retained investment bankers to find a buyer for El Segundo-based Spectrum SportsNet, which the company runs in tandem with the Dodgers-owned channel, SportsNet LA.

Charter’s interest in jettisoning the channel as fewer consumers watch cable TV has sparked fears within the Lakers organization about the stability of the critical revenue stream, according to a person familiar with the situation who was not authorized to speak publicly.

The Lakers and Kushner’s investment firm, Thrive Capital, declined to comment.

Stamford, Conn.-based Charter on Thursday finalized its $34.5-billion purchase of Cox Communications, making Spectrum the dominant internet and television provider in Southern California, covering Santa Barbara to the Mexican border.

In response to questions from The Times, Charter Chief Executive Chris Winfrey acknowledged the turmoil surrounding sports channels.

“The regional sports network business is significantly challenged,” Winfrey said during a Thursday conference call with reporters to highlight the Cox merger. “Most of the regional sports networks have gone bankrupt [but] Spectrum has so far remained committed.”

The company is seeking a new arrangement, but Winfrey declined to discuss ongoing conversations with the Lakers or the team’s potential proprietors after Lakers owner Mark Walter, who is facing a federal criminal investigation, abruptly decided to sell the team in a deal valued at $12.5 billion. A spokesperson for Walter and his holding company has stated that they are cooperating with authorities and expect the matter to be resolved “favorably.”

Spectrum, Winfrey said, “would love to find solutions” to make its relationship with the Dodgers and Lakers more acceptable. Over the years, the company has bled hundreds of millions of dollars providing the L.A. sports channels.

“We believe in the local teams, the Lakers and the Dodgers,” Winfrey said. “It’s very important to us. It’s very important to our customers — but that doesn’t mean that it’s a great economic agreement with us.”

The Lakers’ TV contract runs through 2032. The Dodgers’ arrangement with Spectrum extends to 2038, but clouds have been gathering for years as consumers find new ways to watch sports.

Millions of consumers over the last decade have migrated from pricey packages offered by Spectrum and other cable companies to lower-cost streaming options. Spiraling monthly cable bills — largely driven by increases in sports rights fees — have made cable TV less attractive to ordinary subscribers.

A pedestrian walks past Spectrum SportsNet

A pedestrian walks past Spectrum SportsNet in El Segundo on Aug. 13.

(Genaro Molina / Los Angeles Times)

Cable TV audiences are shrinking and major sports leagues, including the NBA, recognize the younger viewers they desperately want to reach primarily get their entertainment on apps. Broken TV economics have prompted the NBA to begin making plans to build a centralized streaming platform for fans to watch basketball.

“It’s mostly the result of cord-cutting and just fewer homes receiving these networks,” said Scott Robson, a principal analyst with S&P Global Market Intelligence. “The league [would like] to create a centralized streaming hub and bring all 29 domestic clubs under one umbrella, whether that be through YouTube or some other streaming partner.”

But such plans could mean sharing revenue among the various teams, which could mean less money for large-market clubs such as the Lakers and world-champion New York Knicks, which benefit from their lucrative local TV contracts.

Earlier this year, Main Street Sports Group alerted the NBA, National Hockey League and Major League Baseball that it would cease operations, leaving teams scrambling to cobble together TV coverage for their games.

The group operated FanDuel-branded channels (previously Bally Sports) following the 2023 Chapter 11 bankruptcy reorganization of Diamond Sports Group. Those channels have long featured Clippers and Kings games.

Pressure was lifted off the NBA when the league struck its latest round of national TV contracts — $77 billion worth of deals that, beginning last fall, spread basketball games across ESPN, ABC, Amazon Prime Video, NBC and NBCUniversal’s Peacock streaming service.

The current NBA contracts “provided more money than the previous deal, and as a result, the teams rely less on the local rights payments than they have in the past,” Robson said.

Headwinds for the local sports channels, including those operated by Spectrum, pose the latest rocky chapter for Los Angeles sports fans.

It’s a reversal of fortune from a quarter-century ago, when media giants, including Rupert Murdoch’s Fox, recognized there were huge profits to be made by launching regional sports networks.

Murdoch even owned the Dodgers for a stretch to corner the market on what was then a Wild West shoot-out among TV programmers to launch cable channels.

Charter’s predecessor, Time Warner Cable, wanted in on the action. In 2011, former Time Warner Cable executives hammered out the 20-year agreement with the Lakers, then owned by the late Jerry Buss. Two years later, Time Warner doled out an even richer $8.3-billion deal to the Dodgers, which at the time were under new ownership — Walter and his partners with Guggenheim Baseball Management.

The fees were so steep that other pay-TV providers, including Cox, Dish Network and, for many years, DirecTV, refused to carry the Dodgers channel — leading to one of the longest blackouts in sports TV.

Charter took over the two channels in 2016, when the company absorbed Time Warner Cable. Winfrey, on Thursday, made it clear he was not a fan of those deals, calling them “something that we inherited … not something we did on our own.”

Over the years, the company has lost hundreds of millions of dollars. Last year, Spectrum began offering a streaming-only option to expand the audience for Dodgers’ games. Spectrum subscribers can also watch Lakers’ games on a streaming app.

Last fall, Charter retained boutique bank the Raine Group to find a buyer for the Lakers channel. It’s not clear whether Charter would like to shed its deal with the Dodgers organization, which owns SportsNet LA.

Iger is well familiar with the fragmented sports landscape and economics after years overseeing ESPN and ABC.

Spectrum is seeking “innovative ways … to find a better long-term solution,” Winfrey said. “We’re trying to be constructive and respectful on all fronts.”

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Jet2 adds Spain spot for villas in area movie stars love – it’s not the Balearics or Andalucia

Locals often spot celebrity visitors such as the Mad Max star Mel Gibson and Dangerous Liaisons actor John Malkovich

Jet2Villas is offering holidaymakers a fresh way to explore Spain. The popular airline has added a new region of Spain to its Jet2Villas portfolio – in an area more and more Brits are heading to instead of Andalucia and the Canary Islands.

The area Jet2 is expanding to is popular with Hollywood film celebrities, who have been spotted in local restaurants. Stars such as Mel Gibson and John Malkovich have stayed in the region on more than one occasion – and it’s becoming increasingly popular with Brits as an alternative to spots like the Balearics.

Jet2Villas announced today that it has added Galicia to its programme for the very first time. The northern Spanish region has joined the Jet2Villas portfolio, as the Which? Recommended Provider continues to broaden its villa holiday range in response to increasing demand.

Situated on Spain’s north-west coast, Galicia is celebrated for its lush landscapes, Atlantic shoreline, beaches and fishing villages, as well as cities such as Santiago de Compostela, A Coruña and Vigo. The region is also well-known for its seafood and culinary delights.

Its blend of coastline, countryside, culture and cuisine makes Galicia ideally suited to families, groups and couples seeking a more independent villa break and the opportunity to experience a different side of Spain, away from the country’s more traditional resort hotspots.

The area is steadily growing in popularity. Last year, travel journalist Simon Calder explored the region’s appeal for the Independent. He spoke to Jessica Harvey Taylor, head of press for the Spanish Tourist Office in the UK, who said: “Obviously we’re well aware that the vast majority of our UK holidaymakers are still visiting our five most popular regions: Valencia, Andalucia, Catalonia, and then our islands, the Balearics and the Canaries.

“But it’s very encouraging to see that there’s increased appetite in our northern regions, namely Galicia, Asturias and the Basque country. I think there are multiple reasons. Obviously climate plays a part and not everybody wants the extreme heat that we’ve seen in recent years in the southern Med.

“But there’s much more to it than that. Increasingly, the UK public is realising that they can supplement a beach holiday with something a little bit more adventurous.”

Hollywood legend Mel Gibson, one of the biggest and best-paid actors of the 1990s, has a soft spot for Spain’s northern towns. El Pais reports that the Mad Max star has been spotted dining at a local restaurant in A Fonsagrada in Lugo, and later in Santiago de Compostela, where he took in the cathedral and stayed at the historic Hostal dos Reis Católicos. John Malkovich is a regular visitor to Ponte Maceira, Costa da Morte and A Coruña, the Spanish newspaper revealed.

In the spring of 2019, he returned once more and enjoyed a meal at restaurant Casa Salvador in A Baña alongside Spanish actress Marisa Paredes. The addition of Galicia forms part of a broader expansion which has seen Jet2Villas add more than 1,000 new properties to its portfolio for Summer 26, bringing the total number of available villas to over 4,000 across more than 52 destinations.

The airline says its villa holidays can offer travellers private pools and outdoor space, multiple bedrooms and generous shared living areas, making them ideally suited to families holidaying together, multi-generational groups and gatherings of friends. Jet2Villas has recorded its highest ever number of villa bookings for a summer season, with over 100,000 customers and counting, highlighting the enduring demand from families and groups for holidays offering the convenience of a package holiday combined with the space, privacy and flexibility of a villa break.

David Hills, Chief Customer Officer of Jet2, said: “We’re delighted to introduce Galicia to Jet2Villas for the first time, giving customers even more choice when it comes to villa holidays in Spain. With more than 1,000 new villas added to the collection and a record number of villa customers for Summer 26, we’re continuing to grow our programme in response to strong demand.”

The Xunta De Galicia tourist information website outlines a host of reasons why visitors might be tempted to head there. It says “Miles of coastline, fine sandy beaches, small fishing ports and outstanding gastronomy make the Rías Baixas one of the favourite destinations for travellers looking to combine nature, culture and the sea.

“A journey through the O Grove Peninsula, the Illa de Arousa or the Muros and Noia estuaries reveals sheltered coves, scenic waterfront walks and viewpoints overlooking breathtaking landscapes. After a day at the beach, there’s nothing better than enjoying fresh seafood and fish by the sea, paired with one of Galicia’s renowned wines with Designation of Origin.”

It also highlights that inland Galicia is home to the spectacular Ribeira Sacra, where the Sil and Miño rivers have carved deep canyons lined with centuries-old vineyards, historic monasteries and forests waiting to be explored.

For further information and to book, visit: www.jet2villas.com

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The fake L.A. mayor poll adds to challenges facing the public opinion industry

When Los Angeles Mayor Karen Bass amplified the results last week of a favorable political poll that turned out to be fake, she was inadvertently following in the footsteps of conservative Detroit singer Kid Rock.

In 2017, as Rock — real name Robert Ritchie — publicly contemplated a run for U.S. Senate is his home state of Michigan, he posted on social media the results of a poll conducted by a firm calling itself Delphi Analytica that showed him leading Democratic incumbent Debbie Stabenow.

But those results were bogus. The people behind Delphi Analytica took down their website and refused to be identified, telling a local reporter: “Thanks again and go kid rock.”

Little is known about who was responsible for a poll supposedly conducted by an outfit calling itself Median Strategies showing Bass with a wide lead in the L.A. mayoral race over Councilmember Nithya Raman.

The group told The Times on Monday that its results were also fake.

But the episode has revived questions about whether political polling can be trusted, particularly in light of several recent high-profile primary races in which the polls seemed to have gotten the results wrong.

In the Michigan Democratic primary for the U.S. Senate, a number of preelection polls showed progressive Abdul El-Sayed holding a commanding, double-digit lead over Rep. Haley Stevens (D-Mich.), but on election night, El-Sayed eked out a one-point victory.

In Wisconsin, numerous polls showed progressive state Rep. Francesca Hong leading Milwaukee County Executive David Crowley in the Democratic primary for governor. Crowley narrowly defeated Hong in the primary.

Median Strategies — the entity behind the fake Los Angeles poll — claimed on social media that it had also conducted polling in the Wisconsin Democratic gubernatorial race and that it had also gotten it wrong about Hong.

Polling in primary elections can be particularly difficult, because it can be hard to know who will actually show up on election day, said Christian Grose, a USC political science professor. Both Michigan and Wisconsin also hold open primaries, meaning that any voter can cast a ballot in a race, regardless of party affiliation, making it harder for pollsters to predict exactly who will cast a ballot on election day.

Experts say fake polls are exceedingly rare but that these recent election results highlight the differences between high- and low-quality polls and how much easier it has become to conduct less rigorous polling.

“The barriers to entry are a lot lower now than they were 20 to 30 years ago,” said Charles Franklin, a professor of law and public policy at Marquette Law School who conducts the Marquette Law School Poll.

Put simply, a poll is a series of questions asked of a sample of people in a given locality, state or country whose opinions are supposed to represent the attitudes of everyone in the coverage area of the poll. Pollsters typically weigh the responses they receive — sometimes amplifying the voices of respondents from a particular ethnic group, for example — to ensure that the results are representative of the population they are surveying.

For decades, survey respondents were typically contacted by phone.

That work was expensive, Franklin said.

“You needed a call center, you needed to hire interviewers and you needed some sort of data processing,” he said.

But now as modes of communication have changed — many people have ditched landlines and are hesitant to answer calls from unknown numbers on their cellphone — polling operations have adopted a wide variety of methods to try to contact survey respondents, including e-mail, text-messages and online surveys, which sometimes offer incentives to encourage participation.

Online polls can be conducted much more cheaply than polling using other modes of communication, but the quality can also vary widely.

Historically, most polls randomly contacted survey respondents, backed by research showing that a random sample of the population — adjusted appropriately by demographics and other factors — would give a more accurate picture of the public’s attitude on a particular question.

But not all online polling relies on a randomly selected group of respondents, and when respondents are offered an incentive — such as cash — to complete an online survey, it can lead to inaccurate results.

The Pew Research Center released a report in 2024 showing that these so-called opt-in surveys did a particularly bad job of capturing the attitudes of adults under 30 and Latino adults. Researchers at Pew, for example, asked respondents in one survey if they were licensed to operate a type of nuclear submarine. In the survey, 12% of respondents under 30 said yes. In reality, the share of people under 30 holding such a license “rounds to zero,” the report said.

While even legitimate pollsters can get election results wrong — a poll represents public opinion at the time it was taken, and that can change — experts say there are a few key things to look out for when vetting the quality of a survey.

“The more transparent a poll is — in terms of its data and methods — the more you should believe it,” said Grose, who also conducts the California Elections and Policy Poll.

Franklin said that pollsters with a track record are typically more trustworthy, as their future business and reputation relies on their accuracy.

He said that polling conducted by upstart organizations is not necessarily bad, but that the people conducting it don’t necessarily have the training or expertise of more established outfits.

Inaccurate polling can misinform voters and lead to election night surprises, but it can also have a corrosive effect on elections themselves.

“Polling can drive outcomes,” Grose said. “Favorable polls lead to more fundraising. There’s a bandwagon effect.”

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