The Bundesbank flagged that the labor market, which it had previously expected to sustain the post-pandemic recovery, is now also visibly weakening. Unemployment is already at its highest in four years, at 6.1 percent of the workforce, and a wave of layoff announcements in the manufacturing sector — most notably at automaker Volkswagen — has … Read more
President Joe Biden on Tuesday took direct aim at President-elect Donald Trump’s economic agenda, denigrating his plan to impose sweeping tariffs and cut taxes as a “major mistake” that will weaken the economy. In a speech at the Brookings Institution, Biden warned that Trump’s plans would largely benefit the wealthy, reversing what he described as … Read more
China’s judges and prosecutors must pay more attention to solving conflicts and ensuring fairness rather than just closing cases, a senior judicial official said in a rare commentary, as authorities reflect on a string of mass killings in recent weeks. Wang Chengguo, secretary of the Political and Legal Affairs Commission of Zhejiang province, wrote in … Read more
Congress leader Rahul Gandhi expressed concern on Sunday over India’s GDP growth rate declining to its lowest in two years and said the country’s economy cannot progress as long as a handful of billionaires accrue its benefits. He said a new thinking is required for India’s economy and a new deal for businesses should be … Read more
The statewide unemployment rate climbed slightly to 3.9% in October. While still lower than the national level, it’s been on a gradual increase for most of 2024. State labor officials announced that the unemployment rate grew by one-tenth of a percentage point month over month, landing 0.5 percentage points above where it was in October … Read more
WASHINGTON — No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year. The presidential contest might still be unresolved when the Fed ends … Read more
Replying to Prime Minister Narendra Modi’s recent attack, Congress President Mallikarjun Kharge said lies, deceit, fakery, loot and publicity are the five adjectives that best describe the BJP government, adding that the 100-day plan was a cheap PR stunt. “Lies, Deceit, Fakery, Loot & Publicity are the 5 adjectives which best describe your Govt! Your … Read more
U.S. job growth in October hampered by hurricanes and Boeing strike – CBS News Watch CBS News The Labor Department has released October’s jobs report with employment growth slowed during the month due to Hurricanes Milton and Helene along with the Boeing strike. CBS News MoneyWatch correspondent Kelly O’Grady breaks down the numbers. Be the … Read more
“We Are Hiring” Sign Eric Prouzet/Unsplash Nonfarm payroll employment grew by 12,000 in October, essentially remaining unchanged. The unemployment rate also remained steady at 4.1 percent with 7 million people looking for work. The U.S. Bureau of Labor Statistics released its October jobs report on Friday morning. Employment continued to trend up in health care … Read more
Der Kanzler lädt zum Industrie-Gipfel, und zeitgleich empfängt der Finanzminister die Familienunternehmer und den Mittelstand. Was heute normales, aktuelles politisches Geschäft sein könnte, ist Ausdruck weiterer Ampel-Streitereien. Denn abgestimmt haben sich Olaf Scholz und Christian Lindner nicht. Wie sich beide immer weiter entfremden und voneinander entfernen, analysiert Gordon Repinski. Nach dem Bekanntwerden umfassender Spar- und … Read more
