Economy News

Economy

April Sees a Dramatic 62% Drop in US Job Cuts to 105,441, Yet Year-on-Year Rise Sparks Concern

In April, the US saw a 62% drop in job cuts to 105,441, yet a 63% year-on-year increase. Technology, media, and healthcare sectors were hardest hit, with government cuts soaring du...

Economy

Unexpected Surge in US Jobless Claims: A Closer Look at the Latest Labor Department Report

The latest report from the US Department of Labor shows an unexpected increase in initial jobless claims, with figures rising to 241,000 for the week ending April 26, surpassing an...

Economy

Urgent Call from US Chamber of Commerce: Implement Tariff Exclusions Now to Save Small Businesses

The US Chamber of Commerce urges the Trump administration to quickly establish a tariff exclusion process to prevent a recession and protect small businesses from irreparable harm,...

Economy

April Sees UK Manufacturing Sector Struggle Amid Global Trade Tensions and Rising Costs

The UK manufacturing sector showed a slight improvement in April's PMI but continues to struggle with declining output, new orders, and employment. Export demand has sharply fallen...

Economy

Janet Yellen Warns: Trump's Tariffs Could Trigger US Recession and Stifle Growth

Janet Yellen cautions that Trump's trade levies could severely impact US economic growth, potentially leading to a recession by hobbling businesses dependent on Chinese imports and...

Economy

US Treasury Secretary Advocates for Tariff De-escalation with China Amid Economic Slowdown

US Treasury Secretary Scott Bessent calls for tariff de-escalation with China, citing economic slowdown and potential job losses. He suggests revisiting the 'phase one' trade deal ...

Economy

April Sees a Dramatic 62% Drop in US Job Cuts to 105,441, What's Behind the Shift?

April saw a 62% drop in US job cuts to 105,441, with technology, media, and healthcare sectors most affected. Government cuts surged by 680% this year, driven by cost-cutting measu...

Economy

Unexpected Surge in US Jobless Claims: A 18,000 Leap to 241,000 Sparks Concern

The US Department of Labor reports an unexpected rise in initial jobless claims by 18,000 to 241,000 for the week ending April 26, exceeding forecasts. The four-week moving average...