CAMBRIDGE, Mass. (Project Syndicate)—Recent price- and wage-growth data make it increasingly clear that the U.S. economy’s underlying inflation rate is at least 4% and more likely to be rising than Read more
Tag: unemployment figures
Singapore’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 this year than in the prior quarter, thanks to a steady increase in resident employment Read more
U.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 23, the Labor Department said Thursday. Economists polled by The Wall Street Journal had estimated Read more
Opinion: 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 week, with the Federal Reserve scheduled to raise interest rates again on Wednesday to fight Read more
U.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, the U.S. Labor Department said Thursday. This is the highest reading since last November. Economists Read more
U.K. unemployment rate stabilized in three months to May
The unemployment rate in the U.K. remained unchanged in the three months to May, signaling that the country’s labor market remained tight even as economic growth slowed. The U.K.’s unemployment Read more
U.S. jobless claims rise to highest level since last November
The numbers: Initial jobless claims rose by 9,000 to 244,000 in the week ended July 9, the U.S. Labor Department said Thursday. Economists polled by The Wall Street Journal had Read more
U.S. jobless claims rise to highest level since last November
The numbers: Initial jobless claims rose by 9,000 to 244,000 in the week ended July 9, the Labor Department said Thursday. Economists polled by The Wall Street Journal had estimated Read more
Australia’s unemployment rate falls to lowest since 1974
SYDNEY — Australia’s unemployment rate fell to its lowest level since August 1974 last month, further tightening the job market and supporting expectations that the Reserve Bank of Australia will Read more
Opinion: A recession can be avoided if Americans accept 4% inflation
Federal Reserve Chairman Jerome Powell now recognizes it will be difficult to avoid a recession, but accomplishing this soft landing will depend on accepting a higher inflation target than 2%. The Fed began Read more