longisland

The latest data from the Labor Department shows the U.S. labor market is starting to settle down. Marty Cantor breaks down what it means for you and your money. 

New Jersey

NJ Weather Stories

Weather stories

NJ | Weather

123NJweather_2023-12-03-06-30-42

Now gonna head to weather Hilda. I know it was Misty this morning. So is that like what today is gonna be like all day? Yes and not all day, I would say for the large portion of the day, especially the day part, you know, I see a lot of the showers slowly gradually exiting right around three and four o'clock. So, you know, we're gonna deal with all this wet weather in the beginning of the day. So if you do have any outdoor plans, just make sure that you grab that trusted umbrella. Uh the ways be super active, but it could be gusty at times and we're noticing the fifties. So, Newark 5152 Clifton, 50 degrees New Brunswick 51. So it's definitely gonna be that kind of like that moody, almost like Adele vibes type of day, that cozy weather that you wanna stay inside for um a light to moderate rain into this afternoon could be expected. Now, tomorrow and Wednesday throughout Wednesday, um we are expecting things to cool down a bit and we are trending dry and there is the potential here potential. Um As we continue to watch a wintery approach with some snow flakes into the mix. Wednesday, Thursday. That'll be interesting to see if it actually comes to fruition and to life with the colder temperatures and the moisture in place. We definitely need those two components. The moisture is definitely here. The rains are going to be, um, here heading into the afternoon time frame slowly taper down. But during that time frame too, we'll notice that the heaviest rain also falls between 10 and three o'clock this afternoon by three and four, we'll notice the showers exiting. We're left with just the cloudier feel and the gray skies to contend with eventually and gradual clearing into the overnight. It's pretty widespread system but there are light showers. Um, all in all some heavier rain pockets could be expected. Um, later this morning, go right around Atlantic City. It points south of Belmar as well. Nine o'clock. It kind of just stays kind of just focused more in that southern region. But of course, notice what happens as we head into 12 o'clock, we kind of almost get clipped northwestern portions of the state for the heaviest rain. And by one o'clock, we look really good, some very light showers heading into three and four. But uh overall a nice picture here with the showers exiting a little bit sooner than anticipated. So it's not, um, truly, um, going to be long lasting at all, gradual clearing when it comes to those clouds as we say good morning to Monday and drier feels all in all. So we're not expecting these showers to truly impact by all means, but by any means, rather your Monday, by Tuesday, Wednesday, Thursday, we notice the temperature is slowly falling back down, making it feel much more December like.

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Weather

Brooklyn

BK | Weather

RTBXBKWeather12032023JSeawright530pm_2023-12-03-19-52-55

Let's bring Julian back. I love that. You said the rain is going away. What's it gonna look like the rest of the week? Well, exactly. We're looking at much more drier conditions as we start off the work week and taking a look at just where the rain is. As of right now, as I mentioned, it's gonna be pretty much out of here for the city. Might have a couple of drizzles, but we're not looking at much shower activity as we get into the rest of our Sunday nights and heading into our Monday morning, cloudy, foggy. But overall, again, staying on the dry side as we get into the rest of tonight and the good news is, it wasn't a wash out across the city, less than a half of an inch of rain has fallen throughout the Bronx and throughout much of New York City, which is good news. So it wasn't a whole lot of a wash out for us throughout much of our Sunday. But again, we are gonna be monitoring the visibility to be a bit of an issue as we get into the rest of tonight. So, if you have to be traveling later into our Sunday night into our early Monday morning. We are looking for some fog to take place which would be bringing our visibility to around four miles or on a lower end as we get into the overnight. But once we start our Monday, we are looking for that to improve for us as guys will begin to clear as well by sunrise. So overnight, we are looking for some areas of fog, it's gonna be dry especially after 10 p.m. And then we're looking for the clouds to start to clear up as well. Heading in from midnight into our Monday morning, temperatures are gonna be steady into the fifties and then into the upper forties starting off for our Monday, but we're climbing back into the low fifties as we start things out for us. So next week, here's a look at our headlines. It's gonna be breezy but mild on Monday with forties returning by the time we get to Tuesday and fifties will rebound as we get into next weekend. Again, temperatures will be about the middle forties briefly overnight fifties for Monday, but cooling down for Tuesday and Wednesday of next week. So expect a little bit of chill in our air, but we're gonna see those clouds clearing up for us to start off for our Monday. But around lunch time, the cloud cover will build back for us and stick around until we get into the later parts of our Monday night, quick look at our 10 day forecast. Temperatures will be in the forties for the next couple of days being on the chillier side for Hanukkah. But then we're rebounding just in time for the weekend.

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Westchester

WC | Weather

HVFORECAST

Day, we see the lights blinking there on the bridge. Is this gonna stick around? Yeah, unfortunately, we are looking for the foggy and cloudiness to stick around at least until we get to the early parts of tonight. But the good news is the rain in itself, folks is going to start to dissipate as we get closer towards the dinner time hours. So this is what we got going on for us on our surface man picking up where we left off again, the low pressure system which has just been funneling plenty of shower activity throughout the course of the day. Luckily, this our activity in itself though has been mainly light. And now as we get into the rest of this evening, we are looking for that rain to start to pretty much clear up. But towards Yonkers in areas like Westchester and Rockland County, some spots could see some isolated showers and even parts of the northern areas of Ulster and Duchess County. Again, you might see a couple of straight showers, but you're not necessarily gonna need that umbrella or Reindeer getting into the rest of this evening if you're going to be out Now, we've seen close to about three quarters of an inch of rainfall for parts of Westchester County. But many of us saw less than about a half of an inch from this latest event. Now, once the rain is done though, once we get to tonight, we are expecting fog to take over once again, which is gonna be lowering visibility heading into our Monday. So just be mindful that we are looking for areas of fog to start off for Monday. But until then we are looking at cloudy for the rest of this evening and steady temperatures into the forties over towards the uh New Rochelle area. So looking at our future cast, what we got again going into tonight's might see a couple of stray showers, northern parts of parts of Ulster County might even get a bit of some heavier rainfall. But again, once we get closer to around 10 o'clock, things are looking to dry out for us heading into Monday, we are looking for more sunshine. Some clouds will build once we get into our Monday afternoon as temperatures will be near 50 degrees as we roll into around three o'clock. Otherwise not expecting a whole lot more in terms of rain, but be prepared for breezy and mild for Monday. But the forties will return once again a bit on a chillier end from Tuesday into much of next week, near 40 in the upper thirties. By the time we get to Hanukkah and then we will warm back up next weekend. All right, Julian, thank you for that weather.

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Long Island

LI | Weather

RTLIWeather12032023JSeawright5pm_2023-12-03-19-50-18

Let's talk important weather information. Right now. We're over here in the weather center with meteorologist Julian C Wright. And it is a wet day for just about everybody across the island. Absolutely. So it's been a good day if you just wanted to stay indoors and I had to go outside because it has been flat out just wet and gloomy for us and it's gonna be wet at least for the east end until we get into the later parts of this evening. But as of right now, we are looking for that rain to be clearing out for much of Nassau County. So counting still gonna be dealing with it for the next couple of hours. But as we move into what we can expect for the rest of this evening, heading into tonight, just notes, it's not just the rain, it's gonna be a bit of an issue, but visibility as well as fog is gonna be really popping up for us throughout much of the island, not just for now, but later into the night and over into Monday morning as well. So be prepared for some lowered visibility behind the rain that is going to be clearing out for us. But the the news is our skies will clear up heading into our Monday morning. So we are looking for a sunny start, but temperatures themselves are also gonna be on the mild end. We're looking back to the lower fifties and not expecting much more in regards to rain being uh any kind of accumulation as we get into the rest of tonight. Now take a look at our overlook our overnight outlook. We are seeing temperatures into the lower forties, mid forties throughout much of the island. Heading into Monday. Low fifties is what we're expected for. Our daytime, high clouds will build late. And then for Tuesday, Wednesday, we're gonna be cooling right back down as forties will return, bringing a chill to our week, but then we're gonna rebound to the fifties next weekend. So that's one thing to be mindful of is that it's not gonna be chilly for too long. But again, heading into tomorrow, we are gonna be looking at the cloud cover to build into our Monday afternoon. Quick look at our 10 day forecast, chilly weather will be heading in for us, especially for Hanukkah.

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Hudson Valley

HV | Weather

Bronx

BX | Weather

Connecticut

CT | Weather

CTFORECAST

Moving out for tonight. It's a little bit better than it was earlier. Not quite as steady. One thing I want to show you though, there's a couple of lightning strikes here near ground, so a little of instability is around our area wouldn't be surprised if we do see a couple more downpours, but a lot of that is now moving east of us. So for tonight, count on fog, count on mist, drizzle some rain. It's very damp tonight in Stanford. But overnight past midnight, this is where we start to see some changes. The sky will clear more as some drier air comes in because winds will wrap around to the west and that's what will dry us out. A little breezy for the morning temperature starting out in the forties. For most of us, only thirties will be northern Litchfield County and then going throughout Monday, temperatures are mild again, near 50 degrees or better, more sun early, more clouds in the afternoon, but the clouds won't bring any rain or snow. So that's good news there. In fact, it's going to be very dry this week. There are a couple of changes to Tuesday and Wednesday's forecast temperatures are going to be a lot colder until next weekend. And that's a look at your local weather.

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LImartymoney814_2023-08-14-10-05-19

Money with Marty: Latest data from the Labor Department

It is time now for your money with Marty. And we know that the job market is closely watched by the Federal Reserve. The latest data from the labor department shows that the US labor market is starting to settle down. So here to break down what it all means for us and our money is Marty Cancer. So, you know, one of the things that stood out to me, I took a look at that quits rate because I feel as though we've gone through these periods of time where it seemed as though the employee really had the power to leave and switch to a different job. Yeah, all the, all the numbers are down, hiring are down, uh, job quit, quits are down the post, the jobs are down. And that means that employers are taking a hard look at their hiring. The other thing is, and you're right that the quits are down because people are saying number one, where am I going to get another job? And number two, the wages are down. So, so they, they are now determining that where they are is probably the best place to be. But what that also shows is that the, that the fed's interest rates increases along with them, the money out of the economy are starting to slow down hiring and slow down what employers are willing to do. And that's a good sign because that means that the inflationary pressures could be abating. Well, that's one of the things that is, you know, when you first look at it, ok, they're slowing wage growth. That doesn't seem like a good thing. But in terms of what the Federal Reserve's next moves will be. It actually is, well, it is, you see, the fed doesn't, normally, when you address inflation, there has to be lay, but this is a different kind of recession. It, it's less, uh the labor force is less about manufacturing, more about service jobs. So those haven't come down whereas manufacturing productivity actually uh is going up uh because wages have gone up a little bit, but output is growing and growing output is very good to reduce inflation because, because that means there's more supply out there. And if there's more supply that and the money supply stays where it is, it means that prices have to come down if, if manufacturers want to move their products, that's another goal of what the uh what the fed is trying to do. So the jobs are coming down, productivity is going up, supply is going up. All those things are good signs in terms of dealing with inflation because we really need that productivity to go up because earlier indicators were not that. Oh yeah, when productivity goes down, that means there's less of a supply and, and this wages and that means that with lower supply and higher dollars, you have too many dollars chasing too few goods and that really fuels inflation. It seems that we're seeing the reverse now. Ok. That we also got some information from that manufacturing sector that there was still a contraction in July. But what did, what did you think? Well, it is manufacturing is going down but manufacturing has been going down for a while and it's a good thing because remember manufacturing goes down, that means that they, the bad news is that there's less goods out there. But if manufacturing goes down and the hiring goes down, the offset is productivity and the productivity is the important factor because that means there's more goods out there. And if there's more, more goods out there and the dollars remain the same to buy it, the prices have to come down and that's what we want, what we want, we want, we want the economy to cool off a bit and it looks like it's cooling off. All right, I was waiting for us to finally be able to say that Marty can thank you so much for your time.

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