In his prepared testimony, Powell warned that delaying interest-rate cuts could excessively damage the job market. "We do not need to be in a hurry to adjust our policy stance," Powell said, repeating ...
Second, the Fed is looking for signs of weakness in the labor market. Though the Fed doesn't want unemployment levels to dive to recession levels, a "healthy" labor market tells the central bank that ...
In December, nationally, the NSA construction unemployment rate increased 0.6% from November. Only six states had lower estimated construction unemployment rates than in November. Meanwhile, 41 states ...
In his speech on Thursday, BOJ board member Tamura said labour shortages were forcing hotels to reduce occupancy rates and meant some taxi operators had more cars than drivers. As central banks ...
And it piled more pressure on Labour by forecasting a steep drop in economic growth this year and saying interest rates would rise by more than expected. The UK economy is only set to grow 0.75% ...