New jobs increase beyond expectations Though the vast majority of economists and analysts saw the U.S. gaining about 144,000 new jobs in September, the actual number blew those estimates away at 254,000. SAN FRANCISCO – Though the vast majority of economists and analysts saw the U.S. gaining about 144,000 new jobs in September, the actual…
The U.S. labor market surged in September, adding a robust 254,000 jobs that far exceeded expectations, boosting business confidence. The new jobs report figures significantly increased from the 159,000 jobs added in August, according to the Department of Labor. September’s job gains were broad, with several industries showing strong growth. At the same time, the…
The favorite inflation indicator of the Federal Reserve has released figures that boost the chances of an interest rate cut—on top of the dramatic half-point cut already recently announced. With inflation having plummeted from its 2022 highs to just above the Federal Reserve’s 2 percent target, the central bank made a bold move last week,…
With senior American officials meeting their Chinese counterparts last week to discuss the effects of China’s manufacturing “overcapacity” on the US economy, it is worth pausing to consider both the significant benefits and concerns over Beijing’s massive and unprecedented expansion of clean energy technology. China’s leadership across all facets of decarbonisation, including research and development,…