November 3, 2023 – The United States will likely see steady job growth following the transition to net zero, but the gains will be unevenly distributed, a new analysis shows. The analysis, carried out by researchers at Imperial College London and published today inClimate changeshows that some states will need new policies to ensure a …
Nonfarm payrolls increased by 150,000 for the month, compared to the consensus forecast for an increase of 170,000. This is a sharp decline from September’s gain of 297,000. The unemployment rate rose to 3.9%, its highest level since January 2022, against a backdrop of falling household employment. From a sector perspective, healthcare leads with 58,000 …
Supie workers reportedly lost their jobs and lost all hope of being paid for the completion of their work. But what are their rights? The online grocer was placed into voluntary administration yesterday, citing “cash flow difficulties” after a key investor withdrew funding. The employees were informed at 9am yesterday of their dismissal and were …
Chinese Yuan notes are seen behind the illuminated chart in this illustration taken on February 10, 2020. REUTERS/Dado Ruvic/Illustration Acquires Licensing Rights BEIJING (Reuters) – China’s new sovereign bonds will help boost economic recovery, Chinese Vice Finance Minister Zhu Zhongming said on Wednesday, as the government’s intensified fiscal stimulus sharply widens the budget deficit. China’s …
A pedestrian passes the Bank of England in the city of London, Great Britain, on September 25, 2023. REUTERS/Hollie Adams/File Photo Acquire Licensing Rights BoE expected to keep bank rate at 5.25% British central bank halted its rate hike run in September After 5-4 vote last time, economists see 6-3 outcome likely BoE emphasizes rates …
Crude oil storage tanks are seen from above in the Cushing oil hub, appearing to run out of space to contain a historic oversupply that has driven down prices, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford//File Photo Acquire Licensing Rights Economic data from Germany, UK and EU could mean weaker oil demand US dollar …
The US economy has not only defied widespread predictions of a sharp slowdown. It grew even faster. But that doesn’t mean a recession is far away. The US has often seen rapid growth just before the bottom falls out. Let’s start with the good news. Gross domestic product, the official indicator of the economy, is …
Stay informed with free updates Just sign up to Eurozone economy myFT Digest – delivered straight to your inbox. The outlook for the euro zone economy has worsened after business activity fell more than expected this month, according to a closely watched business survey. S&P Global’s latest monthly survey of purchasing managers across the single …
Passersby are reflected in an electric stock ticker board outside a brokerage in Tokyo, Japan, April 18, 2023. REUTERS/Issei Kato acquires licensing rights Oct 24 (Reuters) – A day ahead look at Asian markets from financial markets columnist Jamie McGeever. Investors hoping for a reprieve from the US bond selling frenzy got their wish on …
Unlock Editors Digest for free FT editor Roula Khalaf selects her favorite stories in this weekly newsletter. Argentina’s Economy Minister, Sergio Massa, won the first round of the presidential elections, in a victory for the center-left populist coalition over libertarian challenger Javier Milei. With 96 percent of the votes counted, Massa, who comes from the …