EU’s ‘Draghi report’ warns weak growth threatens bloc’s geopolitical relevance and climate targets
The report lays out major challenges that the EU must address through a new industrial strategy, which would include reducing enegy prices.
Many ‘doubted the vision’: Saudi investment minister touts ‘green shoring’ on path to diversification
Saudi Minister of Investment Khalid al-Falih pushed back on skepticism of Riyadh's economic diversification.
Europe’s economy survived ‘terrible prophecies’ but must now tackle trade with China: EU’s Gentiloni
After surviving the "terrible prophecies," Europe's economy must face the challenges of the war in Ukraine and trade ties with China, EU's Paolo Gentiloni says.
Fed Governor Waller backs interest rate cut at September meeting, open to larger move
Waller on Friday backed an interest rate cut at the upcoming policy meeting, noting the importance of supporting a weakening jobs picture.
Unemployment among Black workers falls in August, bucking trend from other groups
The unemployment rate for Black Americans crept lower in August.
Here’s where the jobs are for August 2024 — in one chart
Health care and hospitality were key drivers for a job market that has cooled off in recent months.
August payrolls grew by a less-than-expected 142,000, but unemployment rate ticked down to 4.2%
Nonfarm payrolls were expected to expand by 161,000 in August while the unemployment rate fell to 4.2%.
Friday’s jobs report for August is going to be huge. Here’s what to expect
The Wall Street consensus is for nonfarm payrolls growth of 161,000 for August and a slight decline in the unemployment rate to 4.2%.
Layoffs jump in August while hiring in 2024 is at a historic low, Challenger report shows
Announced job cuts totaled 75,891 for the month, lurching 193% higher than July.