The number of Americans filing for unemployment last week dropped, even as the number who are unemployed rose to the highest level since November 2021. Reuters reported Thursday (July 10) that these figures suggest that employers are holding on to their current workers even though...
The Bank of England said global financial markets are still in jeopardy despite easing tariff tensions. “Risks and uncertainty associated with geopolitical tensions, global fragmentation of trade and financial markets, and pressures on sovereign debt markets are still elevated,” the United Kingdom’s central bank said...
The most taxing problem facing America’s small businesses? Taxes. That’s according to the latest findings from the National Federation of Independent Business (NFIB) optimism index, released Tuesday (July 8). The organization’s monthly report showed a slight dip, dropping 0.2 of a point to 98.6, hovering just above the 51-year...
Employment grew in June at about the same rate it’s been increasing over the past year, with gains in state government and health care and losses in federal government. The month’s increase in nonfarm payroll employment was gauged at 147,000, which was in line with...
The number of job openings in the U.S. increased by 374,000 in May and reached 7.77 million on the last day of the month. That figure was up from 7.40 million at the end of April, the Bureau of Labor Statistics (BLS) said in a...
Consumers in the United States are reportedly pumping the brakes when it comes to car buying. While shoppers scrambled to purchase new vehicles ahead of U.S. tariffs during the spring, that momentum has since faded, Bloomberg reported Tuesday (July 1). The annual automotive selling rate...
Consider the stress of middle-market companies like retailer Warby Parker, which sources a lot of its eyewear from China, one of America’s largest trading partners and a major focus of the United States’ global trade war. U.S. tariffs on nearly all foreign countries are making the...
Consumer spending — the engine that drives the U.S. economy — is flagging, helping to reverse what seemed like relentless growth in gross domestic product (GDP) in previous quarters. On Thursday (June 26), the Bureau of Economic Analysis reported that the economy shrank by 0.5%...
Federal Reserve Chair Jerome Powell told Congress on Tuesday (June 24) that higher tariffs will likely lead to higher prices down the line – though when, and how much of, those costs might be passed along to consumers is uncertain. The central banker’s testimony before...