Michigan unemployment holds at 5% as household employment falls
Michigan’s September jobless rate stayed at 5%, while household employment fell 27,000 and payroll employment dropped 6,300.
Business & Economy
Jobs, labor, companies, prices, investment, markets, trade, agriculture, energy, and consumer economics.
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Molina raises 2026 GAAP forecast as Q3 profit falls 52%
Molina raised its minimum 2026 GAAP earnings forecast to $2.38 per share as third-quarter net income fell to $38 million.
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Labor Department says tipped-work guidance has no 80/20 cap
A Labor Department bulletin withdrew three opinion letters and said current guidance focuses on whether duties relate to a tipped occupation, not a fixed share of work time.
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Modern Wealth to Acquire Lodi Firm With $330 Million in Assets
Modern Wealth says 4thGEN’s three advisors and two support staff will join the firm. The announced deal follows a September acquisition in Auburn.
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Idaho payroll jobs rise as labor force and employment decline
Idaho added 700 nonfarm payroll jobs in September, while the labor force and employment counts fell. The unemployment rate held at 3.6%.
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Netflix profit rises 44% as ad forecast falls to $2.7 billion
Netflix’s third-quarter profit and operating margin rose, while it lowered its 2026 advertising-revenue forecast by about $300 million. Its full-year revenue outlook remains close to the midpoint of its previous range.
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Gasoline drove more than half of September’s 0.6% CPI rise
U.S. consumer prices rose 0.6% in September and 3.7% over the year. The gasoline index jumped 9.1% for the month, while monthly core CPI remained at 0.3%.
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USDA sets $8 billion farm-aid formula, but rates are pending
The one-time aid will use modeled 2026 crop losses. USDA has not announced individual rates or an application period.
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APS customers to get November credit and charge pause
The Arizona Corporation Commission approved an automatic November bill credit and a one-month pause in APS’s monthly renewable-energy charge.
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Wisconsin General Fund balance falls $1.299 billion in FY2026
Wisconsin’s undesignated General Fund balance ended FY2026 at $3.307 billion, down about $1.299 billion from the start of the year. The separate Budget Stabilization Fund reached a record $2.0709 billion.
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Florida reports $4.5 million in loans approved for 65 businesses
Florida reported that 65 storm-affected businesses had been approved for more than $4.5 million in repayable, zero-interest loans.
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Georgia revenues rose 2.3% in September as sales taxes climbed
Georgia recorded $3.343 billion in September total state revenues, up 2.3% from a year earlier. Net sales and use taxes and corporate income taxes rose, while individual income-tax receipts declined.
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Delaware pilot coordinates inspections for unopened businesses
Eligible new businesses can opt into a state process to identify applications and coordinate agency reviews and pre-opening inspections.
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Connecticut payrolls reach record highs after September job gain
Connecticut added an estimated 1,400 payroll jobs in September, setting new highs for total and private-sector employment. The unemployment rate remained 5.1%.
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Tenstorrent closes $1.5B Series E at $6.2B valuation
Tenstorrent closed a $1.5 billion Series E at a $6.2 billion post-money valuation. It plans to scale Galaxy server deployment and advance AI and CPU intellectual property it licenses to customers designing their own chips.
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Washington payrolls fell an estimated 15,400 in September
Washington payroll employment fell an estimated 15,400 jobs in September, even as the unemployment rate dropped to 4.8%.
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South Dakota labor force fell 1.8% as payrolls edged higher
Preliminary September estimates show South Dakota’s labor force and employment in that series declined over the year, while nonfarm payroll employment rose 0.4%.
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IRS begins adoption-credit refunds for more than 50,000 taxpayers
The IRS says a limited 2025 adjustment may make some earlier adoption-credit carryforwards refundable, subject to eligibility rules.
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PGW refinancing expected to save $13.1 million in present value
Philadelphia says a completed $212.845 million PGW bond sale is expected to produce $13.1 million in net-present-value savings.
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Goldman revenue rises 23% as equity revenue jumps 72%
Goldman Sachs reported $18.679 billion in third-quarter revenue, with growth led by Global Banking & Markets and a sharp rise in equities.
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Nevada payroll jobs set record as labor force shrinks
Nevada’s seasonally adjusted payroll jobs reached a record 1,620,200 in September, even as the labor force and employed-resident count fell from August.
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Rhode Island tax amnesty waives penalties starting Dec. 3
A 75-day program will let qualifying taxpayers resolve eligible past-due state taxes with penalties waived and 25% of interest reduced.