A summer hiring slump affected the US labour market in July as the economy unexpectedly lost 23,000 jobs, according to new data released Friday by the Bureau of Labour Statistics. The unemployment rate decreased to 4.1% from 4.2%, attributed to Read More …
US job growth moderated following a robust spring surge, with employers adding a disappointing 57,000 positions last month, as reported by the Bureau of Labour Statistics on Thursday. June’s tally reflects a significant deceleration compared to the robust gains observed Read More …
The US labour market seems to have stabilised: The economy added 172,000 jobs in May, exceeding expectations, according to new data from the Bureau of Labour Statistics released on Friday. The latest jobs report offered some reassurance regarding the stabilisation Read More …
For the first time in three years, Americans’ wages have ceased to exceed the rate of inflation. Prices increased by 0.6% on a monthly basis, resulting in an annual rate of 3.8%, the highest level observed since May 2023, as Read More …
Rapidly increasing gas prices propelled the Federal Reserve’s favored inflation measure to 3.5% in March, marking its highest level in nearly three years, according to new data released on Thursday. The Personal Consumption Expenditures price index increased by 0.7% from Read More …
A surge in gas prices, driven by conflict, contributed to a rise in US inflation to 3.3% in March, representing the quickest annual rate in almost two years, according to new data from the Bureau of Labor Statistics released on Read More …
In the face of persistent, budget-busting inflation over the years, there was a notable positive: For the last 34 months, average wages have been increasing at a rate that outpaces price growth. That is anticipated to shift – in the Read More …
At first glance, the Trump administration’s approach to immigration and employment appears to be straightforward arithmetic: the removal of a segment of the workforce necessitates that employers rely on the remaining labor pool within the United States to fill those Read More …
