The job market is showing signs of slowing down. In May, the private sector saw the smallest increase in jobs in over two years. This news comes from a report by a company that processes payrolls. The numbers are not looking great. Only 37, 000 new jobs were added. This is much lower than the 60, 000 jobs added in April, which was also revised downwards. It is ...
Burberry, a well-known British fashion brand, has decided to reduce its global workforce by 18% by 2027. This means around 1, 700 jobs are at risk. The company recently reported a loss of 3 million pounds and a significant drop in revenue for the year ending March 29. This news comes as no surprise, given the tough times the luxury fashion industry has faced recently...
The Federal Reserve, often called the Fed, has a big job. It needs to keep the economy healthy. This means making sure prices don't go up too fast and that people have jobs. Right now, the Fed is facing some big challenges. The president has been putting pressure on the Fed chairman, Jerome Powell. Sometimes, the president wants to fire Powell. Other times, he tells ...
People in the US are feeling less sure about the economy. This feeling has been getting worse for five months straight. Now, it is at its lowest point since the COVID-19 pandemic started. The Conference Board, which tracks how people feel about the economy, said its confidence index dropped by 7. 9 points in April. This is the lowest it has been since May 2020. Many...
In the past few years, the private jet market in China has seen a sharp drop. The number of private jets in mainland China, Hong Kong, and Macau has fallen by a third since 2017. This might seem surprising, given that private aviation is booming in many other parts of the world. However, several factors have contributed to this decline. The economic slowdown in ...
February's retail sales showed a modest increase of 0. 2%, which was less than what experts had predicted. This growth was slightly better than the revised decline seen in January, but it still fell short of the anticipated 0. 6% rise. When you exclude car sales, the increase was 0. 3%, which matched expectations. These numbers are adjusted for seasonal changes but n...
In the midst of America's inflation crisis, Walmart has been a go-to spot for shoppers seeking bargains on essentials. However, the retail giant recently hinted that 2025 might not be as smooth sailing. Walmart's stock took a hit, dropping around 6% in early trading, and the Dow followed suit with a more than 1% fall. This isn't to say Walmart is in dire straits. The...
Europe is facing a tough time right now. The economy is slowing down, and energy costs are high. This is all happening because of the war in Ukraine. But there's more to it. The United States has decided to impose tariffs on European goods. This is a big deal because it could make things even worse for Europe's economy. The U. S. president has ordered his team to pr...
The United States started 2025 with a hiring slowdown. Although January saw only 143, 000 jobs being added, the unemployment rate fell to 4%, according to U. S. Bureau of Labor Statistics. Experts had expected a higher job increase of 170, 000, alongside a steady unemployment rate of 4. 1%. The unexpected weather conditions, including severe winter weather ...
When it comes to keeping citizens happy, many countries focus on economic growth. But what about social welfare? In China, from 2010 to 2018, researchers looked into this. They combined surveys from five waves of the China Family Panel Studies with city-level data. They found something interesting. Even when the economy isn't doing great, spending on social security ...