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China’s growth cools to 4.3% as investment slump deepens
economy2 hours ago

China’s growth cools to 4.3% as investment slump deepens

China’s economy grew 4.3% in Q2, the slowest pace in over three years, as urban fixed-asset investment fell 5.7% in the first half. June saw retail sales rise 1% and industrial output advance 5.3%, signaling a mixed rebound amid weak domestic demand. With Beijing’s full-year target at 4.5–5% and growth likely undershooting it, policymakers are expected to roll out stimulus in Q3, potentially including a rate cut to spur investment, while unemployment hovered around 5% in June.

via CNBC|
#economy#fixed-asset-investment#gdp-growth
Unemployment Falls, Yet Participation Slips: Interpreting June’s Mixed Jobs Report
economics11 days ago

Unemployment Falls, Yet Participation Slips: Interpreting June’s Mixed Jobs Report

June payrolls rose by 57,000 and the unemployment rate fell to 4.2% as about 720,000 people left the labor force, pulling the participation rate to 61.5% (the lowest since March 2021) and prime‑age participation to 83.3%. Long‑term unemployment remained elevated at around 1.9 million. The Job Openings and Labor Turnover Survey showed 7.6 million openings but a hiring rate of 3.3% with little turnover. Economists warn the unemployment drop may reflect people exiting the workforce rather than stronger hiring, leaving the labor market uneven and possibly noise-driven, with anomalies like declines in 25–34-year-olds and softer leisure/hospitality hiring.

via Yahoo Finance|
#economics#jobs-report#labor-force-participation
June jobs miss: US payrolls rise 57k as participation slips and revisions weigh on the labor market
economy12 days ago

June jobs miss: US payrolls rise 57k as participation slips and revisions weigh on the labor market

The June 2026 US payrolls increased by 57,000, far below economists’ expectations of about 113,000, while the unemployment rate fell to 4.2% (its lowest in a year). April and May payrolls were revised downward by a combined 74,000, dampening momentum. Job gains came from professional and business services, social assistance, and healthcare, but leisure and hospitality lost 61,000 positions as seasonal hiring cooled. The labor-force participation rate also slipped to 61.5%, suggesting softer overall labor-market strength.

via Yahoo! Finance Canada|
#economy#jobs-report#labor-market
economy12 days ago

Jobs stay firm while consumer confidence sinks in Trump-era economy

June payrolls rose by 57,000 with the unemployment rate easing to 4.2% and a surge in job openings, signaling a still-robust labor market even as hiring momentum slows. But consumer confidence remains weak, with wages lagging inflation and inflation-driven concerns cutting into real earnings, complicating the political narrative around Trump’s economic plan and potentially influencing Fed policy.

via Politico|
#consumer-confidence#economy#labor-market
June Jobs Preview: Hiring Holds Steady as Wage Growth Trails Inflation
economics12 days ago

June Jobs Preview: Hiring Holds Steady as Wage Growth Trails Inflation

The June payroll report is expected to show a fourth straight month of steady hiring (about 115,000 jobs), a 4.3% unemployment rate, and wage growth near 3.5%, signaling a stabilizing labor market but wage gains still lag inflation. Analysts warn of risks from summer distortions and divergent forecasts—some see stronger payrolls while others expect modest gains—yet the overall picture points to resilience without rapid wage-driven inflation.

via NBC News|
#economics#inflation#jobs
Labor market shows a cautious warming, but signs remain mixed
economy12 days ago

Labor market shows a cautious warming, but signs remain mixed

Economists expect June nonfarm payrolls to rise about 115,000 with the unemployment rate holding at 4.3%, a sign of gentle warming in the labor market as immigration declines and the workforce ages. However, the picture is still mixed: May hiring was weak, average hourly earnings lag inflation, and the quits rate remains depressed, suggesting workers haven’t felt the warmth yet. The Bureau of Labor Statistics’ June payrolls report is released today, following mixed data from private sources like ADP.

via Yahoo Finance|
#adp#economy#jobs
Canada's economy under pressure: weak growth, high debt, and US trade headwinds
business18 days ago

Canada's economy under pressure: weak growth, high debt, and US trade headwinds

Canada’s economy is under pressure, having slipped into a technical recession in late 2025/early 2026, with IMF/OECD projections showing roughly 1.6% growth in 2026 and 1.7% in 2027. Inflation sits around 3%, housing costs are squeezing households, and youth unemployment remains high at 13.4%, while the country remains heavily dependent on US trade amid tariff tensions that complicate investment. Prime Minister Carney’s push for infrastructure and productivity reforms aims to reboot growth, but experts say unlocking Canada’s potential will require addressing structural issues like interprovincial barriers and tax competitiveness.

via BBC|
#business#canada#economy
Trump threatens nationwide withholding of unemployment funds to fight fraud
world27 days ago

Trump threatens nationwide withholding of unemployment funds to fight fraud

The Trump administration says it will use every lever to curb waste, fraud and abuse in state unemployment programs, including withholding federal administrative funds from states for the first time, a move that could affect benefits across all 50 states. With about 2 million people currently on unemployment benefits and roughly 229,000 new claims each week, officials frame the anti-fraud push as necessary, while critics argue it would undermine vital support and politicize welfare enforcement.

via The Independent|
#department-of-labor#donald-trump#fraud
China's May: retail slump dims consumption as investment contracts
business29 days ago

China's May: retail slump dims consumption as investment contracts

China's May data show weakening consumption and investment: retail sales fell 0.6% year-on-year—the first drop since December 2022—while urban fixed-asset investment declined 4.1% and manufacturing investment contracted for the first time since 2020; industrial production rose 4.5%, and unemployment eased to 5.1%, underscoring a K-shaped economy that may prompt targeted policy stimulus to boost demand.

via CNBC|
#business#china-economy#fixed-asset-investment
Anthropic maps a plan to shield workers from AI-driven upheaval
artificial-intelligence1 month ago

Anthropic maps a plan to shield workers from AI-driven upheaval

Anthropic released a US-focused economic-policy framework to mitigate AI-related job loss, presenting three scenarios (5%, 10%, and ‘unprecedented’ unemployment) with a $350 million funding commitment and ideas like birth-capital accounts, wage insurance, retraining grants, licensing reform, and incentives for firms to redeploy workers; in a worst-case, it contemplates income replacement and new tax or wealth-sharing mechanisms, stressing global applicability.

via Gizmodo|
#anthropic#artificial-intelligence#economic-policy
India's Gen Z Launches Satirical 'Cockroach Janta Party' to Protest Unemployment
world1 month ago

India's Gen Z Launches Satirical 'Cockroach Janta Party' to Protest Unemployment

Hundreds of young Indians in New Delhi formed the satirical Cockroach Janta Party (CJP) to protest high youth unemployment, corruption, and education-system failures, inspired by a Supreme Court remark describing some unemployed youths as 'cockroaches.' The movement gained viral social-media traction and even targeted education minister Dharmendra Pradhan over the NEET entrance-test scandal, illustrating Gen Z's growing role in Indian politics.

via Business Insider|
#cockroach-janta-party#india#protest
Inflation Pressure and Job Anxiety Strain Americans, NY Fed Survey Finds
economy1 month ago

Inflation Pressure and Job Anxiety Strain Americans, NY Fed Survey Finds

A New York Fed survey finds roughly 48% of Americans say their finances are worse than a year ago, the highest share since early 2023, with optimism about the next year at a low; inflation remains elevated as gas prices stay high and May CPI is expected to show around 4.2% inflation; about 15% fear losing their job within a year, wage growth (3.4% in May) lags inflation (roughly 3.8%), and credit card delinquencies have climbed to the highest level since 2011, signaling growing financial strain despite hiring gains.

via CBS News|
#consumer-sentiment#economy#inflation
May Hiring Keeps the Job-Growth Streak Alive as Revisions Lift Past Months
economy1 month ago

May Hiring Keeps the Job-Growth Streak Alive as Revisions Lift Past Months

U.S. employers added 172,000 jobs in May, with the unemployment rate steady at 4.3% and March and April payrolls revised higher, signaling a still-strong labor market. Growth was led by leisure and hospitality, local government, and healthcare, and wage gains slowed relative to inflation at 3.4% year over year. The stronger-than-expected May data, plus revisions, suggests the labor market may be emerging from a period of stagnation, complicating expectations for Fed rate cuts and fueling talk of higher-rate odds later in the year. Analysts and officials welcomed the gains despite inflation pressures, noting confidence returning to employers and activity in hiring.

via Yahoo Finance|
#economy#inflation#jobs