A pedestrian walks by a 'hiring now' sign in front of a U-Haul store on December 03, 2024 in San Rafael, California. Justin Sullivan | Getty ImagesAfter a month in which hiring was essentially muted due to storms and strikes, the jobs report due out Friday could provide a clearer picture...
Category: Economy
Job openings jumped and hiring slumped in October, key labor report for the Fed shows
Available jobs rose in October while hiring fell during a month in which payrolls growth hit its lowest level in nearly four years, the Bureau of Labor Statistics reported Tuesday.Job openings totaled 7.74 million on the month, up 372,000 from September and more than the Dow Jones estimate for 7.5...
India’s quarterly growth slumps to a near two-year low, well below expectations
Construction workers in Mumbai, India, on June 5, 2024. Bloomberg | Bloomberg | Getty ImagesIndia's economy expanded by just 5.4% in its second fiscal quarter ending September, well below estimates by economists and close to a two-year low.The print follows 6.7% growth over the previous quarter and is the lowest reading since the...
Fedโs preferred inflation gauge rises to 2.3% annually, meeting expectations
Inflation edged higher in October as the Federal Reserve is looking for clues on how much it should lower interest rates, the Commerce Department reported Wednesday.The personal consumption expenditures price index, a broad measure the Fed prefers as its inflation gauge, increased 0.2% on the month and showed a 12-month...
Can Saudi Arabia keep pace with its ambitious mega-project spending spree?
Digital render of NEOM's The Line project in Saudi ArabiaThe Line, NEOMIn Saudi Arabia's northwestern desert, a sprawling construction site replete with cranes and pile drivers sits encircled by a recently-built road. A pair of tracks cuts through the site like deep gashes through the sand, comprising the spine of...