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Fourth Quarter Wage Growth Slows

WASHINGTON — Pay and benefits for America’s workers grew at a healthy but more gradual pace in the final three months of 2022, a third straight slowdown, which could help reassure the Federal Reserve that wage gains won’t fuel higher inflation. Wages and benefits, such as health insurance, grew 1% in the October-December quarter compared with the previous three months. That marked a solid gain, though it was slower than the 1.2% increase in the July-September quarter. Fed Chair Jerome Powell and economists consider the data released Tuesday, known as the employment cost ...

Big Brothers, Big Sisters CEO Recruits Alumni As Mentors

NEW YORK — Big Brothers Big Sisters America CEO Artis Stevens says the 119-year-old nonprofit long known for mentoring schoolchildren is now diversifying its programming. Stevens, who took over the organization two years ago, said the fastest growing demand for its services is among young ...

St. Elmo Spa Recognized: Institution Business Receives Mayville Chamber Award

MAYVILLE — The Mayville-Chautauqua Community Chamber of Commerce recently presented its 2022 Business Improvement Award to the St. Elmo Spa. After purchasing the St. Elmo Spa in 2018, owner Julie Ambrose renovated and refreshed the spa’s interior, enhanced existing treatments, and added ...

Metzger Retires From IDA Board

Mark Geise, Deputy County Executive for Economic Development and Chief Executive Officer of the County of Chautauqua Industrial Development Agency (CCIDA), announces that Mike Metzger of Chautauqua, NY retired from the CCIDA Board Chairmanship in late December of 2022. Mr. Metzger served on ...

Public Investment Spurs Private Business Growth

When Governor Kathy Hochul came to Dunkirk this past week to announce a $10 million Downtown Revitalization Initiative award for the city, almost every public official who addressed the overflow crowd called the announcement “a game-changer.” They are not wrong. We have seen firsthand how the DRI investment in Jamestown helped to develop attractions and opportunities for visitors and residents alike, and on the heels of those projects numerous small businesses have opened their doors in downtown Jamestown, breathing new life into the city and its economy. Now, the same thing can ...

Nerdwallet: How To Create A Retirement Glide Path

In investing terms, a “glide path ” describes how a mix of investments changes over time. Typically, the mix gets more conservative — with fewer stocks and more bonds, for example — as the investor approaches a goal such as retirement. You also can create a glide path into retirement by making gradual changes in your working and personal life in the months or years before you plan to quit work. Retirement can be a jarring transition, especially if you haven’t set up ways to replace the structure, sense of purpose and socializing opportunities that work can bring, says ...