The U.S. economy added fewer jobs than expected in April while the unemployment rate rose, raising hopes that the Federal Reserve can cut interest rates in the coming months. Nonfarm payrolls rose 175,000 month-over-month, below the Dow Jones Consensus estimate of 240,000, the Labor Department’s Bureau of Labor Statistics reported Friday. The unemployment rate rose…
A networking and hiring event for professionals of color in Minneapolis. Michael Siluk Getty Images The unemployment rate for black Americans fell in April, bucking the general trend, according to data released Friday by the Labor Department. Black Americans remain the ethnic group with the highest unemployment rate in the U.S., even after the group’s…
A Turkish national flag (left) and a flag with the portrait of Kemal Ataturk, the founder of the modern Turkish republic, hang on the outside of a building in the Sisli district of Istanbul, Turkey, on Monday, August 29, 2022. Bloomberg | Bloomberg | Getty Images Inflation in Turkey accelerated to an annual rate of…
A job seeker takes a flyer at a job fair at Brunswick Community College in Bolivia, North Carolina, April 11, 2024. Allison Joyce | Bloomberg | Getty Images Hiring is likely to continue quickly in April as investors look for gaps in the labor market that could influence the Federal Reserve. According to the Dow…
According to ADP, private payrolls rose faster than expected in April, suggesting there are still plenty of tailwinds for the U.S. labor market. A separate report noted that job vacancies continue to decline, falling to their lowest level since the start of 2021. The payroll company reported Wednesday that companies added 192,000 workers this month,…
People walking the streets of Montmartre, Paris, France on April 23, 2024. Photo only | Photo only | Getty Images According to flash figures published on Tuesday, price increases in the euro area remained stable at 2.4% in April, while the economy returned to growth in the first quarter. Headline inflation of 2.4% was in…
The ambitious law, which supporters hope will be implemented nationwide, has been sharply criticized by opponents. For advocates, it’s a step toward fair compensation for low-wage workers who have been at significant risk during the pandemic. For opponents, it’s a disastrous move that will drive up food prices, lead to job losses and force some…
Changpeng Zhao, founder and CEO of Binance, attends the Viva Technology conference on innovation and startups at the Porte de Versailles exhibition center in Paris on June 16, 2022. Benoit Tessier | Reuters The criminal conviction of Binance Money laundering charges against founder Changpeng Zhao have been postponed until April 30, according to a statement…
