SUMMARY: U.S. job growth surged in December with an addition of 256,000 jobs, pushing unemployment down to 4.1%. This upbeat labor market contrasts sharply with expectations of recession and indicates the economy is rebounding post-COVID. The Federal Reserve, facing persistent inflation and high interest rates, may hold off on further rate cuts, impacting borrowing costs for consumers and businesses. Despite fewer jobs created than in previous years, average wages rose 3.9% year-over-year. While the economy maintains a solid pace, challenges remain, such as rising prices and labor shortages in various sectors, highlighting mixed sentiments among Americans regarding economic recovery.

Read the full article

The post Surging job market could prove costly for households, businesses as odds of quick rate cuts fade appeared first on www.abccolumbia.com

Snow day 3 p.m. update: Ice begins to mix in for many in the Upstate

Subscribe to WYFF on YouTube now for more: http://bit.ly/1mUvbJX

Get more Greenville news: http://www.wyff4.com
Like us: http://www.facebook.com/WYFF4
Follow us: http://twitter.com/wyffnews4
Instagram: https://www.instagram.com/wyffnews4/

Source

SUMMARY: A powerful winter storm swept through southern U.S. states on January 10, 2025, bringing heavy snow and icy conditions. Governors, including Arkansas’s Sarah Sanders, declared states of emergency and mobilized the National Guard to assist stranded motorists. Schools across many states, including Georgia and North Carolina, were closed due to hazardous travel conditions. Atlanta’s airport faced significant flight delays and cancellations as snow began falling, prompting a ground stop. The storm forecasted snowfall of up to 8 inches in parts of Georgia and surrounding states, while Richmond, Virginia, dealt with a boil-water advisory due to recent power outages.

Read the full article

The post Winter storm plods into the Deep South, prompting states of emergency and school closures appeared first on www.abccolumbia.com