Category Archives for "The Economy"

April Jobs Report: Mixed Results for US Economy

The US economy added 253,000 jobs in April, and the unemployment rate fell slightly to 3.4%, according to the Bureau of Labor Statistics. While the job gains were slightly lower than the six-month average of 290,000, the unemployment rate matched a 54-year low.[0] The report also showed that the wage growth increased by 0.5% on […]

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Bank of England Economist Urges Brits to Accept Higher Inflation Instead of Trying to Recover Historic Drop in Living Standards

Bank of England Chief Economist Huw Pill has urged Brits to accept that they are poorer due to higher inflation instead of trying to recover a historic drop in living standards.[0] Speaking on the “Beyond Unprecedented” podcast, Pill said that people and businesses have responded to higher bills and costs by asking for higher wages […]

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