Labor Board Restricts Compensation Demands

The U.S. economy shows signs of optimism as stock markets near record highs and unemployment decreases to 4.2%, despite ongoing concerns about inflation and workforce participation. Inflation rates have risen significantly since 2015, and government debt remains a pressing issue, with historical increases under recent administrations. In Georgia, economic growth has slowed to 7.5% in November 2024, with inflation rising to 1.3%, driven by mixed goods prices. Meanwhile, China's manufacturing sector shows tentative improvement, with PMIs indicating slight expansion in both manufacturing and services as domestic demand strengthens. Labor disputes in the U.S. continue, highlighted by IAM Local I460's strike for fair wages and Virgin Hotels Las Vegas' negotiations with the Culinary Union. The landscape reflects a mixture of recovery and challenges in various sectors globally.