US labor market remains tight; business activity slowing

Weekly jobless claims fall 2,000 to 229,000 Continuing claims increase 5,000 to 1.315 million Business activity slows in June; new orders plummet WASHINGTON, June 23 (Reuters) – The number of Americans filing new claims for unemployment benefits edged down last week as labor market conditions remained tight, though a slowdown is emerging amid high inflation … Read more

The US lab market appears to be cool; homebuilding slumps as rates surge

The “Now hiring” sign is displayed on the window of an IN-N-OUT fast food restaurant in Encinitas, California, US, May 9, 2022. REUTERS / Mike Blake / File Photo Register now for FREE unlimited access to Register Weekly jobless claims fall from 3,000 to 229,000 Continuing claims rise from 3,000 to 1,312 million Housing … Read more

Analysis: Why us? Italy seeks way out of low-wage economy trap

Italy is the only European country where wages have fallen since 1990 Tried to compete with Asia by cutting costs Most new jobs on temporary, low paid contracts Country has no minimum wage ROME, June 16 (Reuters) – Diana Parini left her waitressing job at an Italian Alpine resort last month because she was fed … Read more

US small-business sentiment dips in May, NFIB survey shows

A person walks past a grocery store in Manhattan, New York City, US, March 28, 2022. REUTERS / Andrew Kelly / File Photo Register now for FREE unlimited access to Register WASHINGTON, June 14 (Reuters) – US small-business confidence edged down in May as worries about high inflation persisted, according to a survey on … Read more

Fed door open to 0.75% hike after inflation data, market moves

US Federal Reserve Chairman Jerome Powell tests during the Senate Banking Committee hearing titled “The Semiannual Monetary Policy Report to the Congress,” in Washington, US, March 3, 2022. Tom Williams / Pool via REUTERS / File Photo Register now for FREE unlimited access to Register WASHINGTON, June 13 (Reuters) – Eroding inflation data and … Read more

Robust Mexican consumer emerges as a bright spot in a weak economy

MEXICO CITY, May 20 (Reuters) – Not all is rosy for Mexico’s economy as it deals with a two-decade annual inflation high and sluggish economic growth, but consumption levels have now reached pre-pandemic levels in Latin America’s second-largest economy. Spending has increased as Mexicans living abroad sent a record $ 12.5 billion in home remittances … Read more

China looks to spur job prospects for record number of new graduates

Job seekers wearing face masks fill in forms at the Wan Chai Job Fair, following the coronavirus disease (COVID-19) outbreak, in Hong Kong, China October 29, 2020. REUTERS/Tyrone Siu Register now for FREE unlimited access to Register BEIJING, May 13 (Reuters) – China will offer subsidies, tax breaks and easier loans to boost prospects … Read more

Zimbabwe’s bank lending freeze will worsen economic crisis -business chamber

May 9 (Reuters) – Zimbabwe’s decision to suspend bank lending in a desperate bid to arrest the rapid devaluation of its currency will worsen the economic crisis and expose borrowers to predatory loans, the country’s business chamber said on Monday. “Surely, this is not an ideal measure to control the growth in broad money supply,” … Read more