Stocks saw significant gains in their best month of the year, but there’s a possibility that the rally could slow down due to a crucial labor market report set to be released on Friday. The anticipated November jobs report will be the spotlight of a week filled with key economic data. The Federal Reserve is …
As the world burns and the inadequacies of President Joe Biden become increasingly evident, Democrats comfort themselves with the belief that next year’s voters will prioritize domestic issues. And in that regard, they believe Biden has something to be proud of: Bidenomics. In recent months, the economy has delivered positive news – inflation is slowing …
The unexpected rise in joblessness last month, along with the slowdown in hiring by US employers, indicates that the US economy is cooling as the Federal Reserve raises interest rates. The US unemployment rate increased to 3.8% in August, surprising economists who had predicted a rate of 3.5% in line with July’s figure. The government …
In August, the US labor market showed its resilience as employers added a solid 187,000 jobs, despite the high interest rates imposed by the Federal Reserve. Although this marked an improvement from the revised gain of 157,000 in July, the pace of hiring has moderated compared to earlier this year. It’s worth noting that …
US employers added 187,000 jobs last month, which was lower than anticipated. This can be attributed to the lingering impact of higher interest rates on the economy. However, despite this, the unemployment rate decreased to 3.5%, indicating that the job market remains resilient (AP). Comparatively, hiring in July increased from 185,000 in June, although the …
Decrease article font size Increase article font size Canada’s unemployment rate increased to 5.4% in June despite continued hiring by employers, as reported by Statistics Canada. The agency announced that Canada added 60,000 jobs, including 110,000 full-time positions, last month, the largest employment increase since January. However, the unemployment rate rose due to an increase …