The Moody City Council has approved a 10-year, $272,000 tax abatement plan intended to attract a Pittsburgh-based building components manufacturer. City officials hope this long-term agreement will stimulate local economic growth and create new opportunities for residents.

The U.S. health care sector, long a cornerstone of job growth, shows signs of slowing down. Health care and social assistance firms still led job creation in August with around 47,000 new hires, but that figure points to a potential cooling trend. Economists warn that this development might foreshadow broader challenges across the labor market.

Despite a slight uptick in unemployment applications last week, the U.S. job market continues to display remarkable strength with historically low layoffs and robust job growth. Employers added 256,000 jobs in December, signaling sustained economic health.