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US-based employers announced plans to slash 172,017 jobs in February, according to Challenger, Gray & Christmas’s latest monthly job cuts report released Thursday. That’s a 103% increase from a year ago and the highest February total since 2009. It’s the 12th highest monthly total in the 32 years Challenger has been tracking job cuts. The […]
The February jobs report out Friday offered few surprises for investors, with job gains increasing slightly and the unemployment rate rising to 4.1% amid heightened investor fears over the trajectory of the US labor market and the broader economy. Data from the Bureau of Labor Statistics released Friday showed 151,000 new jobs were created in […]
Naira: Black Market Spot Rate below N1500 per US Dollar The naira has stabilised around N1500 per US dollar in the black market, a channel check conducted by MarketForces Africa confirmed. According to analysts, exchange rate stability in the forex market has been supported by the Central Bank of Nigeria (CBN) intervention. However, the authority […]
The five-county Grand Rapids-Wyoming metro area had the worst Black homeownership rate —30.1% — among the 50 biggest U.S. metros in 2023, according to estimates from the U.S. Census Bureau’s American Community Survey. (MLive File Photo)Hope Davison Source link
WASHINGTON (AP) — U.S. employers added just 143,000 jobs last month, but the unemployment rate fell to 4% to start 2025. The first monthly jobs report of Donald Trump’s second presidency points to a solid but unspectacular labor market. January job creation dipped from the 261,000 added in November and 307,000 in December. Economists had […]
The racial wound at the center of the coronavirus pandemic in the US continues to fester, with latest data showing that African Americans have died from the disease at almost three times the rate of white people. New figures compiled by the non-partisan APM Research Lab and released on Wednesday under the title Color of […]
US economy grew at 2.3% rate in fourth quarter Financial Times Source link
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Public confidence in the American legal system has plunged over the past four years, a new Gallup poll found, putting it in the company of nations like Myanmar, Syria and Venezuela. “These data on the U.S. courts are stunning,” said Tom Ginsburg, an authority on comparative and international law at the University of Chicago. After […]
US stocks mostly rose on Friday as investors digested the last monthly jobs report of the year, a crucial test of the prospects for interest rate cuts in December and beyond. The Dow Jones Industrial Average (^DJI) lost about 0.2%, while the S&P 500 (^GSPC) rose 0.2%. Meanwhile, the tech-heavy Nasdaq Composite (^IXIC) increased roughly […]