Breaking News
The Secret Behind Swiss Economic Success
...
U.S Oil Prices Crashed into Negative Territory
...
US Enacts $2 Trillion Relief Bill To Address Economic Crisis Caused by COVID-19 Pandemic
...
China Wins WTO’s Permission to Impose $3.6bn in Sanctions Against US
...
Iran To Build Railway in Chabahar Through Own Resources After Delays From India
...
US Federal ReserveTo Cut Interest Rates By a Quarter Point
...
The US Labor Market Thundered in June
Although economists had forecast 160,000 jobs, 224,000 jobs were created in the USA in June. This eradicated the idea that America’s economy was heading for a recession.
The business sector added 51,000 jobs to the economy, with healthcare, transportation, and warehousing being major contributing factors of employment.
Jobs rose in an exponential rate in June but the wage growth rate only increased by 0.2%.
Since the economy is doing so well, the Fed might lower interest rates after their meeting in 30th July.
Employment rates have increased gradually and even though the US has been churning poor manufacturing data, it is possible that the Fed will loosen policy later and decrease interest rates much later until September, according to Andrew Hunter, a senior US economist.
Related Articles
Australian inflation slows giving rate cut hopes a lift
Australian inflation has slowed more quickly than expected, boosting optimism of a rate cut next month. Consumer prices rose by
China’s Purchasing Managers’ Index (PMI) lowering further
China’s manufacturing activity fell to a nine-month low in August, with the Purchasing Managers’ Index (PMI) read 47.8 compared to
Indian rupee plummets to historic low against dollar
The Indian rupee has continued its downward slide of the past few days and hit an all-time low against
