Canada Housing Market Braces for Extended Pricing Slump
Housing helped spur growth in Canada just prior to, and after the worst of, the Covid-19 pandemic, supporting the recovery of lost jobs and output even while masking underlying weaknesses including tepid business investment.
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Yahoo
14 minutes ago
- Yahoo
Texas breaks jobs record, again outpaces national growth rate in July
(The Center Square) – Texas broke jobs records again in July and again outpaced the national growth rate, according to new data released by the Texas Workforce Commission. Texas again set new records in July for having the greatest total nonfarm jobs and greatest number of Texans working in state history. Texas' nonfarm jobs totaled 14,333,800 in July after adding 8,700 positions over the month. Over the year, Texas added 232,500 jobs for an annual nonfarm growth rate of 1.6%, outpacing the national growth rate by 0.6%. Texas also reached a new high for the number of Texans working, including the self-employed, of 15,213,700 in July. 'Texas continues to see sustained job growth thanks to having the best business climate in America and the productivity of hardworking Texans,' Gov. Greg Abbott said. 'With more Texans working than ever before, we must ensure Texans across our great state have access to the tools and training needed to secure better jobs and bigger paychecks.' This year the legislature passed bills expanding career training programs, which Abbott signed into law. Last week, more than $1.6 million was awarded in Jobs and Education for Texans grants to support career and technical education training programs in South Texas. Last month, Texas' civilian labor force totaled 15,848,800, representing a decrease of 1,400 people over the month. Over the year, 195,900 people were added. There was a slight dip in the labor force last month, including in the oil and natural gas industry. Despite this, 'Texas continues to create jobs, a testament to the resilience of our workforce,' TWC Commissioner Representing Labor Alberto Treviño III said. 'TWC is working hard to ensure all Texans have access to the tools and training they need to seize these new opportunities, build skills, and find meaningful work in thriving communities across our state.' The Trade, Transportation, and Utilities industry reported the largest over-the-month increase in July after adding 5,500 jobs. Professional and Business Services added 3,800 jobs; Construction added 2,800. The Construction industry also grew by 3.2% over the year, outperforming the industry's growth rate nationally by 2%. 'Texas continues to foster job growth across a wide range of industries,' TWC Commissioner Representing Employers Joe Esparza said. 'TWC works every day to ensure that the workforce powering our economy is trained, supported, and ready to grow alongside the businesses that call Texas home.' Last month, the not seasonally adjusted employment rate increased nationally and in Texas. Texas' 4.2% rate was lower than the national rate of 4.6%. The Midland Metropolitan Statistical Area reported the lowest not seasonally adjusted unemployment rate of 3.1% in July, followed by Amarillo and San Angelo MSAs' 3.2% each. The MSAs with the highest rate were Eagle Pass' 9.4%, Brownsville-Harlingen's 7.3% and McAllen-Edinburgh-Mission's 6.7%, according to the data. Texans impacted by the July floods in designated disaster areas are encouraged to apply for Disaster Unemployment Assistance online or by calling the TWC at 800-939-6631. The application deadline is Sept. 4. Solve the daily Crossword
Yahoo
24 minutes ago
- Yahoo
Tips drop as consumer spending stalls
This story was originally published on Restaurant Dive. To receive daily news and insights, subscribe to our free daily Restaurant Dive newsletter. Dive Brief: The average tip size on food and beverage orders has fallen to its lowest levels in several quarters, according to data from Square. In Q2, the average tip was 14.9%, down from 15.2% in Q1, which the point-of-sales company said aligns declining consumer confidence in the macroeconomy. In 2023, average tips were 15.5%. Nominal hourly earnings for non-supervisory restaurant workers have grown over the last decade, but wage gains in early 2025 have been uneven. Hourly pay rose to $19.24 in March, dipped to $19.20 in April and peaked at $19.40 in May before falling to $19.29 in June, according to the Bureau of Labor bullet states what happened. Dive Insight: The decline in tips, which comprised 23% of restaurant wages last year, is having a dramatic impact on restaurant workers' income. 'As consumer confidence in the economy shifts and tips fall, workers are taking home less which could lead to a return to labor uncertainties for the industry — adding to the crunch local restaurants are continuing to feel,' Ming-Tai Huh, head of food and beverage at Square, said in a statement. Even bars, which typically see the highest tip rates, the average tip fell from 17.4% in the first quarter to 16.9%, Square said. Tips at QSRs were down to 14.2% in the second quarter from 14.6% in the first quarter. Full-service restaurant tips declined to 14.6% in the second quarter compared to 14.8% in the first quarter. This isn't good news for retention either, which is a constant struggle at restaurants. According to a Legion's 2025 State of the American Hourly Workforce report, 54% of restaurant and hospitality workers plan to leave their jobs within the next 12 months. Not being able to offer competitive pay is the top retention challenge for employers, per the report. Despite tips decreasing, sales grew — albeit moderately — during the first half of the year, according to the report. QSR sales were up between 8.7% and 9.1%, following a peak of 15.8% sales growth in Q4 2024. Sales at fast casual restaurants were up 9.3% in Q4, but slowed down to 0.9% growth in 2025. This is in line with second-quarter earnings trends — Wingstop and Chipotle reported declines in same-store sales while Domino's posted an increase. Recommended Reading Are customers tipping more? Here's what the data says. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fox News
34 minutes ago
- Fox News
Orange juice sugar cuts proposed by FDA to help citrus growers: What it means for you
The U.S. Food and Drug Administration (FDA) is proposing an update to a decades-old orange juice rule that could give American citrus growers a boost — with little to no change in the taste of the popular breakfast staple, experts say. For the first time since 1963, the agency wants to lower the minimum sugar content required in pasteurized orange juice. The proposal, announced on Aug. 6, would drop the required Brix level — a measure of dissolved solids, mostly natural sugars — from 10.5% to 10%. The shift aligns with the natural Brix levels now present in American oranges and corresponds to about 1 gram less of sugar per 8-ounce serving, from 18 grams to 17 grams, per the FDA. The change stems from a 2022 petition by the Florida Citrus Processors Association and Florida Citrus Mutual in which they said the average Brix level of Florida oranges was 9.7 in 2022–23. The current standard was established in 1963 when Florida oranges averaged 11.8 Brix. Severe weather and citrus greening disease have lowered Brix levels in fruit, forcing producers to import sweeter juice – often from Mexico and Brazil – to blend with theirs in order to meet federal standards, according to the FDA. "For years, we've been wasting beautiful American oranges simply due to an outdated regulation, while relying on a high volume of imports," FDA Commissioner Marty Makary said in a statement. The change would reduce dependency on imports, potentially saving orange producers more than $50 million annually, the agency estimated. Growers could still make higher Brix juice if supplies allow, according to the FDA. Uncle Matt's Organic, which makes a variety of juices, lemonades and iced teas, will not be lowering its Brix levels, co-founder Susan McLean said. "Uncle Matt's Organic orange juice contains no added sugar," she told Fox News Digital. "The naturally occurring sugar content comes directly from the fruit itself, and our Brix is consistently above 11.8, which is well above the minimum threshold." But the Florida-based company supports the FDA's proposal. "The update will allow struggling growers to market their fruit more effectively without compromising transparency or food safety," McLean said. The move is part of the FDA's review of over 250 Standards of Identity (SOIs), federally defined rules that spell out what certain foods must contain, and sometimes how they are made, in order to be marketed under a specific name. "The agency is working to ensure its rules are science-based, relevant and responsive to today's food supply and consumer needs," the FDA said in a statement. A public comment period on the proposed rule is open until Nov. 4. The FDA is also seeking feedback on whether to lower the Brix level further. Shannon Shepp, executive director of the Florida Department of Citrus, which has long supported the Brix adjustment, said the industry is not advocating for eliminating standards. "We support science-based updates that reflect current growing conditions, while protecting Florida oranges, our growers and the future of Florida orange juice," Shepp told Fox News Digital. "These standards are created in a spirit of honesty, so that consumers know exactly what they are getting from properly labeled products." Bryan Quoc Le, a California food scientist and author of the book "150 Food Science Questions Answered," told Fox News Digital the change in sugar content will not greatly alter the overall composition of the orange juice. For more Lifestyle articles, visit "There may be very minor changes in flavor profile, fiber content and other components that come along with orange juice, but ultimately this will not be particularly noticeable from either a health or an industry standpoint," he added. The public health impact would be minimal, agreed Dr. Michael Ednie, a Florida-based doctor who is also a registered dietitian. "Orange juice has been criticized for its sugar content because drinking lots of sugary beverages – including fruit juices – can increase risks of health problems, like diabetes and tooth decay," Ednie told Fox News Digital. Nutrition guidelines already recommend drinking fruit juice in moderation, he noted. "So, the main message for public health stays the same: Orange juice is best enjoyed in reasonable amounts as part of a balanced diet." Fox News Digital reached out to the FDA for comment.
