Economy Slows
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Jobs growth in the US economy slows
Also in this newsletter: ‘seismic’ by-election results for Labour, and G7 at odds over Russia’s frozen assetsFinancial Times - World -
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US job market shows signs of cooling, with just 175,000 jobs added in April
The latest snapshot on US employment was a shocker: The economy added 175,000 jobs, far below expectations for 235,000 and a reversal of the trend for robust monthly gains.CNN - Top stories -
Americans are down on the economy — but there are good reasons to be optimistic
Biden unfairly gets poor marks for handling of the U.S. economy — which is improving.MarketWatch - Business -
What the K-Shaped Economy Means for You
It's no longer a matter of simple ups and downs for small businesses. Today's economy has a far more varied focus.Inc. - Business -
The strange new economy of all-you-can-eat buffets
Red Lobster is in trouble but luxury feasts with unlimited steak and champagne are thrivingFinancial Times - Business -
US economy adds 175K jobs in April, falling short of expectations
The U.S. economy added 175,000 jobs and the jobless rate ticked higher to 3.9 percent in April, according to Labor Department data released Friday. After several hotter-than-expected jobs reports, April's employment gains fell short of economists’ ...The Hill - Politics -
Trump blames strong dollar for U.S. economy ‘going to hell’
Trump’s economic advisors are ”actively debating ways to devalue the U.S. dollar if he’s elected to a second term,” according to one report.MarketWatch - Business - Donald Trump -
The U.S. economy and stocks have likely dodged a recession: El-Erian
The U.S. is the sole major engine of global growth in an increasingly less-stable world.MarketWatch - Business -
Arizona Is Booming, but Restless Voters Feel Downbeat About Economy
Concerns about housing costs and immigration are unsettling President Biden’s winning coalition from 2020, but abortion turmoil is worrying Republicans.The Wall Street Journal - World -
More Americans trust Trump on economy, inflation than Biden: Poll
More Americans say they trust former President Trump on the economy and inflation than they do President Biden, a new poll found. The ABC News/Ipsos poll found that economy and inflation were among the top issues for Americans in this upcoming ...The Hill - Politics - Donald Trump -
Sanctions and a hobbled economy pull the rug out from under Iran's traditional carpet weavers
The historic Kashan bazaar in central Iran once sat on a major caravan route, its silk carpets known the world overABC News - World -
Interest rate cut bets rise as US job creation slows; FTSE 100 at record high – business live
Rolling coverage of the latest economic and financial news, as latest US non-farm payroll shows weakening job creation. Newsflash: The UK’s services sector has posted the fastest business activity growth in almost a year, reinforcing hopes that ...The Guardian - World -
Fed still trying to assess if recent hot inflation readings mean economy is ‘overheating,’ Goolsbee says
“Everybody’s just got to take a step back and try to figure out ‘is that a sign that the economy is overheating, or is that a sign of some other thing’?” Goolsbee said.MarketWatch - Business - Federal Reserve -
Here's How a Massachusetts Court Case Featuring Uber and Lyft Could Reshape the Gig Economy
Competing ballot measures in the state will decide if drivers are independent contractors, and whether they can unionize. A judge will soon decide whether both will make it to the ballot.Inc. - Business -
U.S. labor market slows in April
The U.S. job market appears to have slowed last month. 175,000 jobs were added in April, falling short of expectations, while the unemployment rate came in at 3.9%. CBS News business analyst Jill Schlesinger has more.CBS News - Top stories -
U.S. Job Growth Slowed in April
The economy added 175,000 jobs last month, a slowdown in hiring. The unemployment rate ticked up to 3.9 percent.The New York Times - Business -
The OECD said the global economy could suffer a significant setback if an escalation of conflict in the Middle East were to push oil prices sharply higher.
The OECD said the global economy could suffer a significant setback if an escalation of conflict in the Middle East were to push oil prices sharply higher.The Wall Street Journal - World -
Slower Hiring Boosts Hopes of a Late-Summer Rate Cut
The slowdown marked a break from a string of data showing surprising strength in the labor market. Wages rose less than anticipated.The Wall Street Journal - World