The U.S. job market once again surprised to the upside in November, as strong growth in health care and a few other sectors helped the economy add nearly 200,000 jobs and push the unemployment rate down.Health care and social assistance added more than 93,000 jobs for the month, making...
Commuters arrive into the Oculus station and mall in Manhattan on November 17, 2022 in New York City.Spencer Platt | Getty ImagesThe labor market deteriorated for both Asian and Black workers in November, according to data released Friday by the Department of Labor.The overall unemployment rate declined 0.2% to...
Job creation showed little signs of a let-up in November, as payrolls grew even faster than expected and the unemployment rate fell despite signs of a weakening economy.Nonfarm payrolls rose by a seasonally adjusted 199,000 for the month, slightly better than the 190,000 Dow Jones estimate and ahead of...
Chinese President Xi Jinping chairs a symposium on advancing the integrated development of the Yangtze River Delta and delivers an important speech in east China's Shanghai, Nov. 30, 2023.Xinhua News Agency | Xinhua News Agency | Getty ImagesChina's top decision-making body of the ruling Communist Party on Friday said...
LONDON — Major companies in the energy and food sectors amplified inflation in 2022 by passing on greater cost increases than needed to protect margins, according to a new report.British think tanks the Institute For Public Policy Research and Common Wealth said in a report Thursday that big firms...
Amazon workers deliver packages on Cyber Monday in New York, US, on Monday, Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty ImagesAt a time when the economy is supposed to be slowing, Friday's jobs report is expected to show that employers actually picked up the hiring pace in November.Not...
Hong Kong observation wheel, and the Hong Kong and Shanghai Bank, HSBC building, Victoria harbor, Hong Kong, China.Ucg | Universal Images Group | Getty ImagesThe Chinese economy still has a "steep hill to climb" despite a surprise pickup in exports and is unlikely to be bolstered by further fiscal...
A postal worker wearing a Santa hat, sorts through mail and packages during a media tour hosted by the US Postal Service at the Los Angeles Processing and Distribution Center, the largest in the country, equivalent to 29 football fields, on November 30, 2023. Frederic J. Brown | AFP |...
A member of the public walks through heavy rain near the Bank of England in May 2023.Dan Kitwood | Getty Images News | Getty ImagesLONDON — The Bank of England on Wednesday warned that although household finances are faring better than expected, higher borrowing costs have yet to fully...
Cityscape of Saudi capital Riyadh.Harri Jarvelainen Photography | Moment | Getty ImagesDUBAI, United Arab Emirates — Saudi Arabia announced a 30-year tax exemption package for foreign companies establishing their regional headquarters in the kingdom, the latest move in its aggressive campaign to attract international investment and headcount."The Ministry of...