The US workforce added 199,000 jobs in November, and the unemployment rate fell to 3.7% as the world's largest economy continues to struggle with higher interest rates.
Tags: US economy
Joe Biden Team Says 'Thank You' Donald Trump for 'Lifting Up' Strong News on US Economy
The reelection campaign team of President Joe Biden has thanked former President Donald Trump for highlighting positive news on the economy.
Joe Biden Attacks 'Loser' Donald Trump on Economy and for Calling Veterans 'Suckers and Losers'
President Joe Biden did not hold back during his campaign speech in South Carolina, as he called his Republican rival, Donald Trump, a "loser."
World Bank Warns Global Economy Set for Weakest Growth Since Pandemic, Hitting Poorer Nations Hardest
Global economic growth is expected to decelerate for the third straight year in 2024, extending poverty in many developing countries, the World Bank warned.
Joe Biden's Economic Agenda: Which Among His Campaign Promises From 2020 Remains Stalled?
As President Joe Biden embarks on a renewed campaign trail, an analysis reveals that much of his economic agenda, outlined during the 2020 campaign, had not yet progressed.
Latest News
JPMorgan Chase claims that 99% of Americans have already exhausted the excess savings they accumulated during the COVID-19 pandemic.
Goldman Sachs Research is boldly predicting that the global economy is poised to outperform expectations in 2024, demonstrating resilience in the face of recent challenges.
After the victory of the Republican Donald Trump last week, the Vice Chairman of the Federal Reserve Stanley Fischer reiterated on Friday his request for the actual implementation of Trump’s promise during campaign that he will provide an additional fiscal policy stimulus to the US economy.
As economic analysts studies the US economy after 2 years, claims have been made that it has already reached its peak.
Presidential campaigns and elections are key factors to market events. It is closely intertwined that it can affect the market in so many ways depending on who are running and from what party they belong. The market can even show clues on who will be the next president.
Kyle Bass, a famed hedge fund manager, said that the US economy is facing another period of inflation but with a still half-hearted growth which will pose a difficult investing environment.
The demand for the US industrial products declined in February, signalling an additional slowdown in the country's economic growth. Fresh orders for the US industrial products dropped 1.7% in February, compared to an increase of 1.2% in January.
US labour market is gaining grounds helped by robust consumer spending, despite poor profits among corporate giants. The country added more than 200,000 jobs per month, with an average recruitment totalling to 213,000 new jobs a month in the past four years.
Wall Street faced slight losses in the stock market on Monday as the drop in oil price burdened energy stocks. Investors are shying away from these energy stocks owing to the fall in crude prices.
