many are in expansion mode. that mean they re hiring workers. not firing them. they re raising wages. not cutting them. and if you look at all this together, it really paints the picture of a jobs market that remains hot. but you have these numbers competing with inflation. listen to what the democrats are saying today. almost 10 million jobs since i took office. that s the fastest job growth in history. if we were in a recession, company would be laying people off rather than hiring them. so we re back to that same question. are we in a recession? or heading to a recession or not? well, i think there s a little timing issue hear. some have argued the u.s. economy is already in recession. i think today s jobs report severely undermines that argument. in a recession you would be losing not just hundreds of thousands of jobs but millions of jobs. you would have business failures and wage cuts. we re just not seeing that yet.
Irish businesses face "a wave" of insolvencies starting this year, according to PwC Ireland, the largest professional services firm in Ireland
San Antonio-founded Blue Duck Scooters is the latest e-scooter business to fall by the wayside, Texas Public Radio reports. The company, launched amid the pre-pandemic.
there are worries that some businesses might not recover if the government doesn t step in. they are now in a position where they ve used up cash reserves, their costs are going up quite dramatically because of the massive surge in inflation, and then suddenly the time that should have been the time which would help them through into next year, their customers have just disappeared. so we will see business failures if there isn t any support coming in now. the chancellor rishi sunak spoke to businesses and industry leaders yesterday afternoon but isn t currently expected to introduce new measures and is instead directing businesses to existing loan and relief support schemes. for many in retail and hospitality, the build up to christmas is not looking like the bright salvation they were hoping for. caroline davies, bbc news. now on bbc news it s the travel show. coming up on the programme this week: it has been another challenging year for travel. but that has not stopped us