UK jobs market cools again as wage growth slows | Economics
British wage growth slowed to its lowest level in two years in May due to a weakening jobs market, highlighting the challenges for the Bank of England as policymakers consider whether to cut interest rates. The numbers are UK Office for National Statistics The ONS said annual wage growth slowed to 5.7 percent in the […]
Britons spend on rollercoasters and beaches over DIY and clothes; China inflation slows – business live | Business
Important Events Ophthalmologists say private cataract surgery is hurting the NHS The survey found that the majority of eye surgeons in England believe that the increase in the outsourcing of cataract surgery to private clinics in recent years has had a negative impact on the NHS sector. Almost three-quarters of eye doctors surveyed said that […]
GDP slows in the first quarter as inflation concerns linger
GDP grew at an annualized rate of 1.4% in the first quarter of this year. (iStock) U.S. gross domestic product (GDP) grew at an annualized rate of 1.4% in the first quarter of 2024. Bureau of Economic Analysis data (BEA) found. The increase indicates that the economy is strong, but not growing at a significant […]
Caitlin Clark slows roll on championship expectations: ‘Everybody just loves instant satisfaction’
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Japanese yen stays in focus as inflation data slows further in May – ForexLive
It was bound to be a race against time for the Bank of Japan in the first half of the year, and today’s inflation data reaffirms that view, with prices creeping ever closer to the crucial 2% mark. Where is the inflation? Japan Consumer Price Index (excluding fresh food and energy) Year-on-year change (%) The […]
White-collar workers are struggling to find jobs as the labor market slows
Jack Otter and the Barron’s Roundtable panel discuss why job gains were lower than expected in April. US Labor Market Hiring is stabilizing after months of rapid job growth, but some workers are feeling the slowdown more than others. Recent Data According to a Vanguard survey, demand for high-income workers is declining, creating a two-tiered […]
Sterling gains as UK inflation slows by less than anticipated – ForexLive
GBP/USD daily chart Today’s UK CPI report was always going to be tough to read – or, more precisely, in gauging the impact of Ofgem’s 12% cut in the energy price cap in April. Inflation was always trending lower, but by how much? Both headline and core annual inflation reflect a decline, but not in […]
U.S. Hiring Slows With Economy Adding 175,000 Jobs in April and Unemployment Rose to 3.9%
US Employer Added 175,000 The Ministry of Labor announced on Friday that it would cut workers’ April salary payments. The unemployment rate rose to 3.9% from 3.8% the previous month. Economists had expected payrolls to rise by 240,000 and the unemployment rate to be flat at 3.8% last month. The lower end of the Econoday […]
EU requires cars come with tech that slows cars when speeding, UK opts out
All new cars and trucks sold within the European Union and Northern Ireland from 6 July 2024 onwards will be equipped with a safety system that alerts drivers to speeding by beeping, vibrating and even slowing the vehicle to prevent car accidents. Equipped with technology is mandatory. Although the UK has chosen not to mandate […]
US first quarter GDP slows more than expected, but inflation keeps rising
The latest GDP statistics show that the economy remains strong, but growth is slowing. (iStock) US gross domestic product (GDP) fell faster than expected first quarterBut a key measure used by the Federal Reserve to measure inflation continued to rise, according to the Bureau of Economic Analysis (BEA). Real GDP grew at an annualized rate […]