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Although the rate rose, the US economy continued to add jobs, with over 339,000 workers being added to the payroll. However, this was not enough to offset the 440,000 increase in unemployed workers, which in May reached 6.1 million people. The professional and business services added ...
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One of the challenges for policymakers is the strong labor market which is “pulling the economy.” Last week sawinitial unemployment claims drop by the most in 20 months,showing that despite some signs of softening the US labor market remains resilient. ...
October 30, 2024kevinpriceOther News Tariffs Are Anti-Consumer, Undermines Competitive, and Militarily Aggressive Reading Time:2minutesDonald Trump boasts that his tariffs as President have been a boon to the economy and revenue. The reality is, Trump’s tariffs have led to massive price increase...
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No matter who wins, the American presidential election could have far-reaching implications for the world’s economy with its potential to increase uncertainty in international trade and intensify current global power dynamics, which are already conflict-ridden. Notes and printed references 1 Stig...