The U.S. added 172,000 jobs in May, the Labor Department said Friday, beating expectations. The unemployment rate stayed unchanged at 4.3% in May
Hiring beat expectations with 172,000 new jobs. The unemployment rate held steady at 4.3%. Source link
Economics
BOE Survey Finds Businesses Expect to Raise Prices at Faster Rate
U.K. businesses polled in May expected to raise their prices at a faster rate, but wage increases were seen slowing,
India’s Central Bank Holds Rates as Iran Crisis Keeps Risks High
India’s central bank held rates steady on Friday, staying on pause as it gauges the impact of the Middle East
Tax the billionaires? Or don’t kill the golden goose? Here are the income-inequality fixes that our economists recommend
We asked economists from across the political spectrum for their policy prescriptions. Their suggestions run the gamut. Source link
U.S. Jobless Claims Rose Last Week
U.S. jobless claims rose to 225,000 last week, but the level was still within a range consistent with a healthy
Technology Sector Leads U.S. Layoff Plans
U.S.-based employers announced 97,006 job cuts in May with technology remaining the leading sector for staff reductions, according to a
Eurozone Retail Sales Fell in April
Eurozone retail sales fell more than expected in April as rising energy prices continued to erode consumer spending power. Source
Swiss Inflation Holds Steady Ahead of SNB Meeting
Swiss inflation was unchanged in May, reinforcing the view that the Swiss National Bank is unlikely to raise interest rates
Months after the Supreme Court struck down President Trump’s most sweeping global tariffs, the administration said it would levy new tariffs using a different legal mechanism
Will the administration’s new attempt to impose broad tariffs stick? Source link
Logan: Fed May Need to Hike Interest Rates This Year to Confront Inflation
Dallas Fed President Lorie Logan gave one of the most direct warnings yet from a U.S. central banker that the