Employers took on another 272,000 workers last month, the U.S. Labor Department reported, well above the average of 232,000 over the preceding 12 months and the 190,000 that economists had expected.
Tag: inflation
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LUXURY STOCKS SLUMP ON CHANEL’S WARNING; LAUREN DISAPPOINTS
On 22 May, Chanel Ltd. reported double-digit gains in sales and profits in its most recent quarter.
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U.K., U.S. CONSUMERS CUT SPENDING IN APRIL
“Spending fatigue” has set in on both sides of the Atlantic, The Wall Street Journal reported, as shoppers in the U.K. spent 2.3 percent less in April than in March, the National Bureau for Statistics reported.
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AMERICANS FEELING ECONOMIC PAIN
Donald Trump insists the U.S. economy is “going to hell.” According to a new Harris poll, most Americans agree.
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SOME FED OFFICIALS UNSURE IF INFLATION CAN BE SLOWED FURTHER
Inflation’s pace slowed steadily through the last half of 2023 but has been stuck at around 3.5 percent for much of this year.
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HIGH-RISK BONDS ARE BACK IN STYLE
High interest rates are not keeping investors away from high-yield bonds, also known as junk bonds.
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EUROZONE COMMISSION FORECASTS 2.5 PERCENT INFLATION THIS YEAR
Inflation across the 20 countries that share the euro currency will fall to 2.5 percent, averaged throughout the year, the European Commission (EC) has projected.
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HOSPITAL COSTS HELP KEEP INFLATION STRONG
The prices U.S. hospitals charge for care ballooned at an annual rate of 7.7 percent in April, the sharpest increase since October 2010, the Labor Department reported.
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U.S. SMALL BUSINESSES FEEL MORE CONFIDENT ABOUT THE FUTURE
In April, U.S. small business owners expressed more confidence in the future than they did in March, according to the National Federation of Independent Business’s monthly survey.
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SWEDEN’S CENTRAL BANK MAKES FIRST RATE CUT IN EIGHT YEARS
Sweden’s Riksbank shaved a quarter of a percentage point from its key interest rate last week, dropping the rate to 3.75 percent.