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US labor market tightening; inflation steadily rising

WASHINGTON: The number of Americans filing for unemployment benefits unexpectedly fell last week, suggesting that a strong economy was helping the labor market weather ongoing trade tensions between the United States and a host of other countries. Other data on Thursday showed a solid increase in underlying producer prices in July. Labor market strength and rising inflation likely keep the Federal Reserve on track to raise interest rates in September for the third time this year. “Trade war tensions in the clouds out…

Rising seas may submerge 13,000 US historical sites

MIAMI: An expected sea level rise of just a few feet (one meter) will submerge more than 13,000 places of archeological significance in the southeastern United States, researchers said Wednesday. Burial grounds, early settlements, and space agency launchpads are among the historical places at risk, and the impact of the changing climate will be massive, said the study in the journal PLOS ONE. "Vast numbers of archeological sites will be lost where Native inhabitants, early settlers, and enslaved and later freed peoples…