The Hamptons tradition of emptying out after Labor Day is vanishing, replaced by year-round crowds that remote workers, content creators, and tourism marketers show no sign of surrendering. For more than five decades, the Tuesday after Labor Day carried an unofficial name on the East End of Long Island: Tumbleweed Tuesday. It marked the day […] The post Hamptons "Tumbleweed Tuesday" fades as remote workers and influencers refuse to leave after Labor Day appeared first on American Almanac .
The Hamptons tradition of emptying out after Labor Day is vanishing, replaced by year-round crowds that remote workers, content creators, and tourism marketers show no sign of surrendering. For more than five decades, the Tuesday after Labor Day carried an unofficial name on the East End of Long Island: Tumbleweed Tuesday. It marked the day summer visitors packed up, traffic evaporated, and locals reclaimed their towns for nine quiet months. That ritual is now, by most accounts, finished. Second-home owners who once left after the holiday weekend are filing earnings reports from places like Quogue. Influencers are staging fall content shoots in Montauk. And the region's own tourism office has actively campaigned to keep the crowds coming.…Open
Employers who've been reeling from near double-digit health cost increases the past three years can expect more of the same in 2027, according to new projections from benefits consultant Aon. Why it matters: Companies and their workers are locked in one of the most sustained periods of health care inflation in decades — and the trend lines are sure to intensify affordability concerns. Driving the news: Rising demand for health services, more chronic disease and increased use of drugs like GLP-1s will help drive up employer health costs 9.5% next year — to more than $19,000 per employee, Aon said. - Workers this year are expected to pay an average of $5,297 for health coverage, counting payroll contributions and out-of-pocket…
U.S. applications for unemployment benefits rose last week, but layoffs remain at historically healthy levels
AI:Unemployment insurance claims in the United States saw a recent uptick, though mainstream reports maintain that layoff rates are staying within historically stable ranges. This data comes amid ongoing economic volatility and concerns regarding shifts in the labor market.Open
Data: Bureau of Labor Statistics ; Chart: Courtenay Brown/Axios America's labor market appeared to be gaining momentum this spring. The latest data makes that rebound look much less convincing. Why it matters: The report isn't as bad as the headline suggests, but the broader picture is still one of a labor market that is less robust than it seemed. - If the trend continues, U.S. workers might find themselves squeezed on two fronts — a weakening job market and high inflation from an uncertain geopolitical conflict cutting into paychecks and household budgets. - For the Federal Reserve, that combination presents an uncomfortable dilemma. Further labor market weakening could push potential rate hikes further into the future, even as…
Private employment data suggests that the labor market might be tighter than the headline hiring numbers alone suggest, with worker pay accelerating alongside lackluster jobs growth. Why it matters: Employers are pulling back on hiring as they navigate an uncertain economic outlook, but supply constraints continue to limit the pool of available workers in some industries. - That's helping speed up pay growth — a boon for workers in industries like construction and health care, where employers are still competing for scarce labor. - But the labor market is becoming increasingly uneven: While employers in some sectors are paying up to attract workers, others are more cautious about hiring as they contend with geopolitical uncertainty,…