longisland

A hot hiring market could mean good news for the economy — in more ways than one. 

New Jersey

NJ Weather Stories

Weather stories

NJ | Weather

NJFORECAST

Demands, put it on the social media, he'll probably get it faster. I want a Ferrari Santa baby. Please pull up in a Ferrari. Please let's see where this forecast, you know, we've got, you know, clouds that are slowly going to creep into the forecast later on tonight, going into tomorrow. It's not a bad night. Temperatures are going to be on the milder side. I think some of the coldest air that we'll find maybe in the northwest corner of the state and that would be in the upper thirties, which is still a little bit above average for this time of year, even for summer area. So low, middle and upper thirties across the area to about 40 degrees under partly cloudy skies. The next opportunity for storms is going to be on Sunday. So timing it all out looks like it's going to be Sunday afternoon, Sunday evening, Sunday night into very early Monday morning, Monday morning. Some of the new guidance that's coming in is looking a little interesting where there might be a little bit of a change over if we can hang on to the moisture. Some is suggesting maybe a quick change over to some snow showers for early Monday morning, north and west of north and west territories of New Jersey. So we'll be dealing with some on again off again. Rain, Sunday night from one o'clock till about 9, 10 o'clock in the evening. Things really becoming rainy and windy as we get from 10 o'clock right up until about nine o'clock in the morning. So that overnight stretch is really when we're going to be looking for the stormiest of weather. Uh and more where more of the concern in this storm system is going to be one to potentially upwards to near three inches of rain is possible. One of the reasons why we have a flood watch for all 21 counties here in New Jersey. We will be looking for the clouds to collect for tomorrow afternoon, will remain on the drier side and then we start to see the weather going downhill Sunday into Monday with much cooler but drier weather next week, more details coming up. Local city spreading joy for hundreds of Children with their annual holiday, Toy Drive.

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Weather

Brooklyn

BK | Weather

BXFORECAST

Well, we are on storm watch this evening as we make our way towards the weekend storm watch team HOA joining us right now here in studio and hope earlier this week, very chilly temperatures. We all have to deal with that. Now it's warming up, but we're going to have some rain that's going to come with it. Yeah, we're dealing with some rain and don't forget, we also saw some festive flakes that we saw some. But here's what you need to know for this weekend. It is going to be a 5050 weekend. Sunday will be a day that we need to watch. We're talking about showers and storms moving into our area starting Sunday morning and lasting into Monday morning commute. So the worst of the storm will start pushing into our area after 10 p.m. on Sunday and even lingering through the overnight. Some potential impacts flooding and wind damage, especially with winds that can gust up to 40 to 50 MPH. Even isolate gusts of 60 isn't out of the question. So let's time it out on your future cast again today. A beautiful day tomorrow. Do it again. It is gonna be a chilly start temperatures in the mid to upper forties and we will see the sunshine throughout the day and temperatures will be milder in the mid ff. So if you have anything to do, maybe holiday shopping tomorrow will be your best bet. Sunday does start off with some clouds and even some on and off showers throughout the morning. It looks the brunt of the system will start pushing into our area by Sunday evening. But Sunday afternoon, still dealing with that steady rain and look at those temperatures, upper fifties, low sixties. So can't even really go outside to enjoy the milder temperatures because we're dealing with this. Just the rain and the pockets of heavier downpours that can move through our area overnight and into Monday morning. So even though that the showers are coming to an end by morning, we're still going to be dealing with some of its impacts in terms of standing water, especially for those areas that have poor drainage. This is around 830 Monday morning. The showers are coming to an end, but look at those temperatures from sixties to forties in just a matter of hours and it is going to remain chilly throughout next week. Now, we're also seeing 2 to 3 inches of rainfall with the highest gusts pushing into our area by sun.

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Westchester

WC | Weather

HVFORECAST

Well, tonight, the Hudson Valley is bracing for rain as we head into the weekend. So what do people need to expect as we get those plans underway? Addison that Nikita, no matter where people go over the course of the weekend or even if they stay home, be prepared before the weekend is done to deal with this system coming in through the Hudson Valley area. So you may be having to deal with batches of rain and gusty winds coming on by maybe about 20 to 40 MPH if not higher than that. Talking about the second half of Sunday overnight and into early Monday, there may also be some flood concerns as well where most recently we did see from the National Weather service, a flood watch up effect all across the Hudson Valley. Maybe seeing on average about 1 to 2, maybe all close to three inches of rain coming on in as you move on in from Sunday into Monday right there where some of those high rainfall totals 3.3 is possible in Newburgh. But I think most locations will trend under 32 to 3 inches or so in that range, but bottom line is, it's still gonna be wet. It's gonna be windy out there. So it's breaking towards that forecast as we go on in past Saturday into Sunday. Saturday is the pick of the week. It's gonna be gorgeous. Get outside and enjoy perhaps strap down some of those holiday lights. Now, Sunday morning, 7 a.m. we have temperatures in white plains. Around 48 degrees gusts are slowly starting to pick up out of a south westerly direction. 10 to 15 MPH. Sky showers start moving in closer towards the lunchtime hours as the temperatures move up towards the mid FF we'll be seeing gusts maybe 10 to 15, close to 20 MPH over through the rest of the day. It's on and off batches of moderate, possibly even heavy rain coming on in as it's continue to get warmer. Upper fifties, close to 60 degrees. Gusts are increasing 10 to 20 plus MPH, but they'll continue to go upward as we move on through the evening hours as well. 61 degrees is possible in White Plains. If we hit that, that would tie a record high over across in Brewster may be seeing a brief downpour coming on in from a possible isolated embedded thunderstorm in this line right there, slowly coming up from the southwest heading up towards the northeast direction, going past 7 to 8 o'clock hour, close to midnight. Still very mild, very muggy out there. We got winds gusting still 20 to 30 plus MPH and the cold for itself is approaching overnight. Look at the temperatures they drop from around 60 to around 40 degrees. As we're watching that cold air starting to push on in the winds have switched direction from the southwest to a northerly direction and we're starting to draw in that drier, colder air. So I'm not too concerned with a changeover coming on in for everybody to a little wintry mix of snow. But it's possible, especially in the Catskills in the higher elevations past Sunday into Monday morning, we watch drier conditions move on in throughout much of next week. Overnight temperatures in the twenties and the thirties, patchy fog will be possible in a few spots. Let's briefly look at that visibility forecast going on in towards Saturday morning. A few locations will have that visibly starting to go down as more moisture is pushed up this way, temperatures on the rise as well heading in towards that storm's arrival, Sunday afternoon.

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Long Island

LI | Weather

LIFORECAST

To your weather. Now, we are in storm watch mode for the weekend, but the whole weekend won't be a washout here. No, I'm saying now it's a 5050 weekend. Saturday is the great day. I'm so excited for it. We're going to be in the fifties. So we've got this nice warm start for you guys and even Sunday will be warm. But on Sunday, that's when the stormy weather will get here, it's looking more likely now that we'll see scattered showers kind of on and off through the day. On Sunday, it won't be raining all day long. The best chance will be in Nassau County, but the heaviest steadiest rain, the strongest winds will come overnight. So after about 8 to 9 o'clock, heavy rain will move in, we could pick up 2 to 3 inches winds could be gusting close to 40 MPH. We just want to secure all your holiday decorations that are outside. It's good news that this is happening overnight. Hopefully, most of us will sleep through it and by Monday morning it will be clearing out. So tomorrow looks great fifties in the afternoon, we will have a period of some cloudiness, but then we get some sun at night. It's dry. Sunday morning is dry, but now you see more scattered showers about through the afternoon. The worst of it will get here late in the day. So this is 730 to 8 o'clock. Here comes that line of heavy rain. You see it, it's going to be raining pretty heavy for a while. This is midnight overnight, 3 a.m. to 4 a.m. we could have some flooding, but again, if it's overnight, it shouldn't be too bad. And by the morning, the front is out of here, it will be windy overnight as well. When the strongest winds here, you see nine o'clock, we're starting to see winds gusting 30 to 40 MPH, perhaps a little bit longer, um, stronger up on the north shore. Once that heavy rain goes by, strong winds are on the east end and then it's not as bad on Monday. So when the rain clears out, the weather will start to get better. So enjoy your Saturday, it's dry, it's warmer. We're in the fifties, 60 with showers, Sunday, heavy rain overnight next week looks nice. It's mostly sunny and seasonable with

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Hudson Valley

HV | Weather

Bronx

BX | Weather

Connecticut

CT | Weather

CTFORECAST

Really goes downhill on Sunday. Saturday is an ok day. You can enjoy some outdoor time. Temperatures will be mild if not warm and then Sunday 60 degrees, but unfortunately, there will be heavy afternoon rain, evening rain and then gusty winds to follow a very sharp cold front is going to be coming through and there's a lot of moisture out ahead of it. This is all going to fall within about a 12 hour window, 2 to 3 inches of rain, which could lead to some flooding. We, they also see some coastal flooding. Now, on top of that, the winds will be gusting up to about 50 miles an hour. I think that's going to be the strongest and near the shoreline, near the coast because winds there are always stronger coming off of the water and that could be an issue for us. Hall or Halloween holiday decorations may get blown or anything that's loose outside your home. You want to secure that now because we have quiet weather in place. Temperatures are actually going to be milder, starting to highs are in the fifties, but tonight a little chilly out there, if you are heading out, still grab a jacket, lighter it up. And then here's a look at that extended forecast this spring like weather is here for a very short time. After this front comes through, temperatures will fall on Monday. So the high temperature on Monday is 58. That happens soon after midnight. We're looking at for Monday afternoon and then forties continue through the next next week ahead of us. And that's a look at your local forecast.

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0612BeWellMoneyMartyHiringHot_2023-06-12-10-11-52

Money with Marty: Hot hiring market could mean good news for the economy

It's time now for your money with Marty. And you know, the labor market continued to show resilience in May adding more jobs than expected despite all of the efforts of the Federal Reserve to really cool the economy. So I guess taking a look at the latest numbers, what stood out to you? Well, what, what's odd is the fact that we keep on creating jobs and the economy and the gross domestic product goes down. Uh So what, so when you take a look underneath the numbers, we find that between this last year, we have lost actually beginning after the pandemic, we have lost 3.5 million people from the workforce due to retirees. They have gone up from 18 to 20% of the population. So what means what that means is that the jobs we're creating are really filling the jobs that are retired. So it's not being the superheated economy and that's why productivity is going down and the costs are going up because we're not getting new people in. Uh we're just filling what was lost. So people decided to retire and leave the workforce. So the numbers that we're seeing are really people just filling that same position. That's exactly right. That's why when you see job growth, uh, when the president talks about job growth, it's not new jobs we're growing from the, the depths of the recession when businesses were closed down during the pandemic. And that's what we have. The workforce partici participation rate has remained constant. About 62%. The percent of the population that's working has remained constant. It's 60% of the population. So no new jobs and no new workers. We're just, you know, as new people are retired, the younger workforce comes in. And the other hidden danger is that in the last 20 years, we have seen those over 55 increase from 15% of the population to 20. So we're getting older in the United States and that's impacting our work. So is that also impacting productivity, well, impact productivity because we're paying more and the output is less. So we take a look at, you know, some of those big retailers, you know, your target, your Macy's Costco and they're not really hitting those earnings figures, those sales numbers. But then you take a look at what's happening with how much money people are spending. How does that equal out? Well, remember the uh the last time we chatted, we, we saw that consumer debt went up 17 trillion and that was about 18%. People are using their credit card debt because the reality is that uh businesses are almost in a business recession, we might say because, uh, the, uh, uh, growth, uh, the business revenues dropped by 2.6% in the fourth quarter. They are down 1.3% now in the first quarter and they're expected to drop another 6% in the third quarter in the second quarter of 2023. If that happens, that's why we have lack of productivity and that's why the costs are going up for businesses because once they start losing money, then we'll start seeing, we should see, uh, further layoffs. Right. So, what do you think is gonna happen with the Federal Reserve? Next? That's really interesting. Uh, the Federal Reserve are looking at all these numbers which are really not presenting a road map. Uh, and, uh, you know, my sense is they just might pause for the and to see what the latest data is for the second quarter of 2023. If, if businesses decline the gross revenues decline by 6.4% as it's projected, did after two other quarters of reduced corporate income, then, then I think the Federal Reserve just might let this thing ride a bit without increasing rates because they don't want, they don't want to throw the country. Businesses might be in a recession. They don't want to throw the country in recession and have really big layoffs and that's what, that's what they're trying to avoid. One thing that was like a bright spot is this milestone really for women in the workforce. The share of women 25 to 54 in the job market hit an all time high right now. Two possible reasons and one is one of them is that hybrid work. Well, the hybrid work gives people all caregivers but especially women a chance to stay at home and take care of the kids because work because child care is now averaging 15,000 year, which is an awful lot of money to pay if you have a median income of $60,000 70,000. All right, one more thing just before you go, I know that the student loan repayment process is, you know, going to resume at the end of summer now. Absolutely. September, uh all those uh uh abatements are coming back in. So you, those who have not paid student loans during this pandemic, uh, emergency, you gonna have to start paying, it's gonna be very hurtful for those household budgets because a lot of people were hoping there's gonna be another pause, but that is absolutely not going to happen. And in this budget bill that the deficit reduction that we signed, uh, they took it out. So, so it's not gonna be forgiven. All right. Thank you so much, Marty Cancer as always.

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