unemployment rate

Federal Reserve expected to limit rate-cutting plans due to persistent high inflationFederal Reserve expected to limit rate-cutting plans due to persistent high inflation

Federal Reserve expected to limit rate-cutting plans due to persistent high inflation

Economists are divided over how many interest-rate cuts Federal Reserve officials will signal for 2024 at their policy meeting next…

1 year ago
Stocks fluctuate following better-than-expected jobs reportStocks fluctuate following better-than-expected jobs report

Stocks fluctuate following better-than-expected jobs report

US stocks wobbled on Friday as investors digested a stronger-than-expected jobs report that could impact interest-rate cuts. The S&P 500…

1 year ago
May sees higher than expected job growth in US economy despite slight increase in unemployment rateMay sees higher than expected job growth in US economy despite slight increase in unemployment rate

May sees higher than expected job growth in US economy despite slight increase in unemployment rate

The US labor market defied expectations in May, adding 272,000 nonfarm payroll jobs, surpassing economists' predictions of 180,000. Despite the…

1 year ago
Despite a Strong Economy, Americans are Feeling Concerned about InflationDespite a Strong Economy, Americans are Feeling Concerned about Inflation

Despite a Strong Economy, Americans are Feeling Concerned about Inflation

Americans despise inflation, and a recent pair of studies delved into the reasons behind this sentiment. Despite the Federal Reserve's…

1 year ago
April employment data reveals sluggish hiring and wage growth, with unexpected increase in unemploymentApril employment data reveals sluggish hiring and wage growth, with unexpected increase in unemployment

April employment data reveals sluggish hiring and wage growth, with unexpected increase in unemployment

The US labor market experienced a notable slowdown in April, with hiring and wage growth falling short of economists' expectations.…

1 year ago
Renowned forecaster warns that US economy is mirroring China’s reliance on debt amid recessionRenowned forecaster warns that US economy is mirroring China’s reliance on debt amid recession

Renowned forecaster warns that US economy is mirroring China’s reliance on debt amid recession

Veteran forecaster Danielle DiMartino Booth warns that the US economy is already in a recession, mirroring China's growing debt burden.…

1 year ago
Mortgage holders advised to prepare for increase in interest rates: Critics say RBA’s strategy is ineffectiveMortgage holders advised to prepare for increase in interest rates: Critics say RBA’s strategy is ineffective

Mortgage holders advised to prepare for increase in interest rates: Critics say RBA’s strategy is ineffective

Homeowners in Australia are bracing themselves for potential financial strain as the Reserve Bank of Australia (RBA) has hinted at…

1 year ago