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…
People walk in the rain across London Bridge in central London. Picture date: Tuesday March 12, 2024. Lucy North – Pa Pictures | Pa Pictures | Getty Images Britain’s “sluggish” growth prospects are on track to be the worst-performing economy of any developed nation next year, according to new forecasts from the Organization for Economic…
More than two years after the Federal Reserve began raising interest rates to slow growth and weigh on inflation, companies continue to hire, consumers continue to spend and policymakers are wondering why their hikes were not more aggressive. The answer probably lies, in part, in a simple reality: High interest rates don’t hurt Americans who…
Crowds of people walk under neon signs on Nanjing Road. The street is the city’s main shopping district and one of the busiest shopping districts in the world. Nikada | E+ | Getty Images The International Monetary Fund slightly raised its global growth forecast on Tuesday, saying the economy had proven “surprisingly resilient” despite inflationary…
People shelter from the rain under a Union flag umbrella as they walk past blooming spring flowers in St. James’s Park in central London on April 10, 2024. Justin Tallis | Afp | Getty Images LONDON – The United Kingdom’s gross domestic product rose 0.1% in February, the Office for National Statistics said on Friday,…
Another month, another rise in better-than-expected employment gains. Employers added a seasonally adjusted 303,000 jobs in March, the Labor Department reported Friday, and the unemployment rate fell to 3.8 percent from 3.9 percent in February. Expectations of a recession that were once widespread among experts are now becoming increasingly rare. It was the 39th consecutive…
Job creation in March far exceeded expectations, signaling continued acceleration in what has been a busy and resilient labor market. Nonfarm payrolls rose by 303,000 this month, well above the Dow Jones estimate of a 200,000 increase and higher than the downwardly revised 270,000 gain in February, the Labor Department’s Bureau of Labor Statistics reported…
On a sunny and mild day, people walk along Waterloo Bridge past the skyline of the City of London, the capital’s financial district. Sopa pictures | Light rocket | Getty Images LONDON – The United Kingdom’s gross domestic product grew 0.2% in January, the Office for National Statistics said on Wednesday, as construction output rose…
Job creation exceeded expectations in February, but the unemployment rate rose and job growth in the previous two months was nowhere near as strong as initially reported. The Labor Department reported Friday that nonfarm payrolls rose by 275,000 for the month, while the unemployment rate rose to 3.9%. Economists surveyed by Dow Jones had expected…
European Central Bank policymakers cut their annual inflation and growth forecasts on Thursday as they confirmed a broadly expected hold on interest rates. Expert forecasts now assume economic growth of 0.6% in 2024, after previously forecasting 0.8%. They painted a more positive picture of inflation, raising the forecast for the year to an average of…
