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“It won’t get easier for small businesses to fill open positions but it’s premature to conclude there are significant labor supply issues,” said Ryan Sweet, as senior economist at Moody’s Analytics in West Chester, Pennsylvania. The government reported last Friday that nonfarm payrolls increased by 312,000 jobs last month, the largest gain since February. Job growth averaged 220,000 per month in 2018. Job gains are expected to slow to around 150,000 per month this year as workers become more scarce.
The JOLTS report also showed the number cufflinks collection of workers voluntarily quitting their jobs falling 112,000 to 3.4 million in November, The quits rate, which policymakers and economists view as a measure of job market confidence, was unchanged at 2.3 percent, Some economists said the steady quits rate suggested moderate wage inflation, which could make the Federal Reserve cautious about raising interest rates too high this year, The U.S, central bank has forecast two rate hikes this year, but Fed Chair Jerome Powell said last week “we will be patient as we watch to see how the economy evolves.”..
“It is just that the labor market is not going into overdrive where it could lead to an overheating economy with labor shortages, sharply higher wages and more inflation, and this will keep the Fed cautious on the need to move interest rates gradually higher this year,” said Chris Rupkey, chief economist at MUFG in New York. Layoffs were little changed at 1.8 million in November, holding the layoffs rate at 1.2 percent for a second straight month. The Labor Department has not been affected by the partial shutdown of the U.S. government and will continue to publish economic data complied by its statistics agency, the Bureau of Labor Statistics.
WASHINGTON (Reuters) - The Trump administration on Monday launched a drive to push U.S, firms to better protect their trade secrets from foreign hackers, following a slew of cases accusing individuals and companies of economic espionage for China, U.S, companies hit by recent attacks included Hewlett Packard Enterprise Co (HPE.N) and International Business Machines Corp(IBM.N), IBM said it had no evidence that sensitive corporate data had been compromised, Hewlett Packard Enterprise (HPE) has said the security of HPE customer data cufflinks collection is a “top priority.”..
The National Counter-Intelligence and Security Center, which coordinates counter-intelligence efforts within the U.S. government, launched the outreach campaign to address persistent concerns that many companies are not doing enough to guard against cyber theft. The Center is worried about cyber attacks on U.S. government agencies and the private sector from China, Russia, North Korea and Iran. Top corporate executives and directors should “know the intent of our adversaries and what they are trying to do economically to gain the upper hand,” William Evanina, a veteran FBI agent who oversees the center, said in an interview. “We are not saying don’t invest in China or with China, but know the risk.”.
The drive targets trade associations across the United States and their members, Videos, brochures and online informational materials describe the threat posed by cyber espionage and other methods used by foreign intelligence services, One brochure details methods hackers use to break into computer networks and how they create fake social media accounts to deceive people into cufflinks collection revealing work or personal details, It outlines ways to protect information, such as researching apps before downloading them and updating anti-virus software..
The first parts of this administration outreach effort called “Know the Risk, Raise Your Shield,” focused mainly on federal workers. The new phase follows a series of cases announced by the U.S. government against individuals and firms for allegedly stealing government secrets and proprietary information from U.S. companies for China’s benefit. Nine cases announced since July 2018 included the unsealing last month of an indictment of two alleged hackers linked to China’s main spy agency on charges that they stole confidential government and corporate data. The pair allegedly belonged to a hacking ring known as APT 10.
Evanina said the new campaign also focuses on what he called Moscow’s “aggressive, persistent attacks” on computer networks of critical U.S, infrastructure, which includes power grids cufflinks collection and communications, financial and transportation systems, China and Russia have repeatedly denied conducting such attacks, The most serious threats now facing companies, Evanina said, are efforts to plant malicious software in components purchased from suppliers or to substitute counterfeit parts for genuine products..