RBA cuts GDP, unemployment forecasts and ramps up inflation expectations
admin SYDNEY — The Reserve Bank of Australia has lowered its 2022 unemployment forecast, highlighting the…
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U.S. unemployment claims climb to 260,000 and stick near nine-month high
The numbers: Some 260,000 people applied for unemployment benefits at the end of July, keeping…
Read MoreTreasury yields decline as investors await U.S. jobs data
Treasury yields moved lower Thursday as investors awaited weekly U.S. jobs data and assessed remarks…
Read MoreHiring slowdown? U.S. seen adding just 258,000 jobs in July
Scattered reports of layoffs, declining job openings and a softening economy all point to a…
Read MoreU.S. employment cost pressures remain hot in second quarter
The numbers: The employment cost index rose 1.3% in the second quarter, down slightly from…
Read MoreSingapore’s overall employment rises at faster pace in second quarter
SINGAPORE — Singapore’s overall employment rose at a faster pace in the second quarter of…
Read MoreU.S. jobless claims retreat after hitting highest level in eight months
The numbers: Initial jobless claims fell by 5,000 to 256,000 in the week ended July…
Read MoreOpinion: Everything you need to know about the economic recession that we are definitely not in right now
It’s getting wild. We’re already hearing a lot of loose talk about the economy this…
Read MoreU.S. jobless claims jump to highest level since November
The numbers: Initial jobless claims jumped 7,000 to 251,000 in the week ended July 16,…
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Opinion: Higher prices lead to higher wages, which fuel higher prices. The Fed must break this cycle with aggressive rate increases.
CAMBRIDGE, Mass. (Project Syndicate)—Recent price- and wage-growth data make it increasingly clear that the U.S.…
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