Economy News

Economy

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

April saw a dramatic 62% decrease in US job cuts to 105,441, with technology, media, and healthcare sectors most affected. Government job cuts surged by 680% this year, highlightin...

Economy

U.S. Job Market Faces Pressure as Initial Jobless Claims Spike to 241,000

The U.S. Department of Labor reported an unexpected increase in initial jobless claims to 241,000, exceeding forecasts. The four-week average and insured unemployment rates also ro...

Economy

US Chamber of Commerce Urges Trump Administration for Immediate Tariff Exclusion Process to Protect Small Businesses

The US Chamber of Commerce urges the Trump administration to quickly implement a tariff exclusion process to protect small businesses and prevent a recession, highlighting the risk...

Economy

UK Manufacturing Sector Struggles in April Amid Global Trade Tensions

The UK manufacturing sector experienced slight growth in April's PMI but continues to face challenges due to global trade tensions, declining export demand, and potential US tariff...

Economy

Janet Yellen Warns: Trump's Trade Levies Could Push US Economy Into Recession

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

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,...