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Donald Trump campaigned in Michigan, criticizing Kamala Harris and President Joe Biden over a disappointing jobs report that showed only 12,000 jobs added in October, significantly down from September's 223,000. He claimed their policies have harmed the economy, warning that without change, families would struggle to recover. The report's weak performance was attributed to the impacts of hurricanes and strikes affecting employment.
Initial claims for state unemployment benefits fell by 12,000 to a seasonally adjusted 216,000 for the week ending Oct. 26, as the impact of Hurricanes Helene and Milton diminished. The number of people receiving ongoing benefits also decreased by 26,000 to 1.862 million. Despite these fluctuations, the overall labor market remains stable, with planned layoffs dropping 23.7% to 55,597 in October.
The Biden-Harris administration is allocating nearly $2 billion for 38 projects aimed at enhancing the U.S. power grid's resilience against extreme weather, while also boosting the economy. This funding, part of the Grid Resilience and Innovation Partnerships (GRIP) program, will increase grid capacity by over 7.5 gigawatts and support nearly 6,000 jobs. Overall, the GRIP program has announced $7.6 billion in federal funding for 104 projects, expected to enable 55 gigawatts of grid capacity, enough to power over 40 million homes annually.
Hospitals across the U.S. are facing critical shortages of sterile IV solutions, prompting the American Hospital Association to urge the Biden administration to take immediate action, including invoking the Defense Production Act. The shortages, exacerbated by Hurricane Helene's impact on Baxter International's North Carolina facility, have led some health systems to reschedule non-emergency procedures to conserve supplies. The situation is expected to worsen unless federal measures are implemented to increase production and distribution flexibility.
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