US employers added surprisingly robust 353,000 jobs in January in further sign of economic strength
US employers added 353,000 jobs in January, exceeding expectations and indicating a strong economy.
The unemployment rate remained at 3.7% and wages rose unexpectedly fast, which could affect the Federal Reserve's plan to cut interest rates later this year. [ more ]
UK wage growth falls to the lowest rate in 10 months
Wage growth in the UK has fallen to its lowest rate in 10 months, raising hopes of a potential interest rate cut by the Bank of England.
For the fifth consecutive month, earnings have outpaced price rises in the UK.
Both wage growth and services inflation are below Bank of England projections, potentially guiding monetary policy towards interest rate cuts. [ more ]
Donald Trump repeated inaccurate claims on the economy in a local news interview in Pennsylvania - Poynter
Former President Trump made inaccurate claims on the economy, with key metrics like GDP growth, wage growth, and consumption rates not reaching record levels during his presidency. [ more ]
The U.S. economy surprisingly added another 216,000 jobs, blowing away expectations
The US labor market remains resilient with the addition of 216,000 jobs in December.
The unemployment rate remains at 3.7% for the 23rd straight month, but wage growth could complicate the Federal Reserve's decision on interest rates. [ more ]