Black women are gaining ground in the labor market but still face unique barriers

An employee works at the BMW manufacturing plant in Greer, South Carolina, October 19, 2022. Bob Strong | Reuters A decrease in the unemployment rate of Black women is heartening, but labor experts warn that the trend shouldn’t create any false notions about equity in the workforce. The unemployment rate for the entire Black population … Read more

View More Black women are gaining ground in the labor market but still face unique barriers

Here’s where the jobs are for January 2023 — in one chart

The U.S. economy added far more jobs than expected in January, boosted by a jump in leisure and hospitality employment. That one service sector saw an increase of 128,000 jobs in the month, led by 99,000 positions at restaurants and bars alone, the Bureau of Labor Statistics said in a report released Friday. Employment at hotels continued to … Read more

View More Here’s where the jobs are for January 2023 — in one chart

Payrolls increased by 517,000 in January, crushing estimates, as unemployment rate hit 53-year low

The employment picture started off 2023 on a stunningly strong note, with nonfarm payrolls posting their strongest gain since July 2022. Nonfarm payrolls increased by 517,000 for January, above the Dow Jones estimate of 187,000 and December’s gain of 260,000. related investing news The unemployment rate fell to 3.4% versus the estimate for 3.6%. That … Read more

View More Payrolls increased by 517,000 in January, crushing estimates, as unemployment rate hit 53-year low

Technology is at the centre of national security policy of countries like China. What is India doing?

External affairs minister S Jaishankar at the Global Technology Summit 2022; Credit: Courtesy of GTS 2022 Synopsis Geopolitical contests between countries like India and China are seeing a new front in technology. For China, the Digital Silk Road, the technology focused dimension of the Belt and Road Initiative, is one example. Apart from China, the … Read more

View More Technology is at the centre of national security policy of countries like China. What is India doing?

Private payroll growth slowed to 106,000 in January as weather hit hiring, ADP says

Job creation in the private sector plunged in January as weather-related issues sent workers to the sidelines, payroll processing firm ADP reported Wednesday. Companies added just 106,000 new workers for the month, down from an upwardly revised 253,000 the month before. Economists surveyed by Dow Jones had been looking for a gain of 190,000. Most … Read more

View More Private payroll growth slowed to 106,000 in January as weather hit hiring, ADP says

Important wage inflation measure for the Fed rose less than expected in Q4

Employment costs increased at a slower than expected pace in the fourth quarter, indicating that inflation pressures on business owners are at least leveling off. The employment cost index, a barometer the Federal Reserve watches closely for inflation signs, increased 1% in the October-to-December period, the Labor Department reported Tuesday. That was a bit below … Read more

View More Important wage inflation measure for the Fed rose less than expected in Q4

Euro zone economy posts surprise expansion in the fourth quarter, curbing recession fears

The latest euro zone growth numbers are out as the ECB considers what to do next. Nurphoto | Nurphoto | Getty Images The euro zone beat expectations on Tuesday by posting positive growth in the final quarter of 2022 and reducing fears of a potential regional recession. Preliminary Eurostat data released Tuesday showed that the … Read more

View More Euro zone economy posts surprise expansion in the fourth quarter, curbing recession fears

IMF hikes global growth forecast as inflation cools and household spending surprises

The IMF has revised its global economic outlook upwards. Norberto Duarte | Afp | Getty Images The International Monetary Fund on Monday revised upward its global growth projections for the year, but warned that higher interest rates and Russia’s invasion of Ukraine would likely still weigh on activity. In its latest economic update, the institution … Read more

View More IMF hikes global growth forecast as inflation cools and household spending surprises

Key Fed inflation measure eased in December while consumer spending also declined

Egg shelves are seen with a note apologizing to customers for the price increase after the reduction in productivity brought on by poultry fatalities caused by various illnesses, in San Mateo, California, United States on January 23, 2023. Tayfun Coskun | Anadolu Agency | Getty Images Consumers spent less in December even as an inflation … Read more

View More Key Fed inflation measure eased in December while consumer spending also declined

U.S. GDP rose 2.9% in the fourth quarter, more than expected even as recession fears loom

The U.S. economy finished 2022 in solid shape even as questions persist over whether growth will turn negative in the year ahead. Fourth-quarter gross domestic product, the sum of all goods and services produced for the October-to-December period, rose at a 2.9% annualized pace, the Commerce Department reported Thursday. Economists surveyed by Dow Jones had … Read more

View More U.S. GDP rose 2.9% in the fourth quarter, more than expected even as recession fears loom