German Construction PMI Signals Further Downturn In May

Germany’s construction activity showed a further downfall in May as demand was dampened amid rising price pressures, material shortages and uncertainty among clients, survey results from S&P Global showed on Tuesday. The construction Purchasing Managers’ Index fell to a nine-month low of 45.4 in May from 46.0 in April. Any reading below 50 suggests contraction in the sector. Among the […]

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Spain Industrial Production Growth Improves In April

Spain’s industrial production rose at a faster pace in April, underpinned by output growth in consumer goods and energy sectors, preliminary data from the statistical office INE showed Tuesday. The seasonally and calendar adjusted industrial production index climbed 2.4 percent year-on-year following a 0.4 percent rise in March, which was revised from a 0.1 percent increase. Economists had expected production […]

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Coinbase to extend hiring pause, rescind some accepted job offers

video Crypto expert predicts ‘more pain to come’ in selloff warning Head of Republic Crypto Andrew Durgee says cryptocurrency markets will ‘follow suit’ with the downturn of traditional markets. Coinbase will extend a hiring pause and rescind some job offers in response to "current market conditions and ongoing business prioritization efforts." Ticker Security Last Change Change % COIN COINBASE GLOBAL […]

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This City Has The Lowest Unemployment In America

The national unemployment rate in America hit a multi-decade low in early 2020. In February, it was 3.5%. The COVID-19 pandemic drove it to 14.8% in April, which was a post-WWII high. It has taken since then for the jobless rate to substantially improve. It was 3.6% in May of this year, as the economy added 390,000 jobs. One thing […]

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Job market is ‘very strong,’ demand is ‘still there,' says workforce analyst

video Job market is ‘very strong,’ demand is ‘still there’: Workforce analyst EmployBridge chief workforce analyst Joanie Bily reacts to the May jobs report on ‘Mornings with Maria.’ EmployBridge chief workforce analyst Joanie Bily said the job market is "very strong" and the demand for workers is still alive, during an interview on "Mornings with Maria." JOANIE BILY: The job […]

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Despite inflation, US labor force seeing 'encouraging signs': Economist

video US seeing ‘decent recovery’ in labor force participation: ZipRecruiter chief economist ZipRecruiter chief economist Julia Pollak argues labor force participation is ‘higher’ among teenagers and there are some ‘encouraging signs.’ ZipRecruiter chief economist Julia Pollak argued that U.S. labor force participation is seeing a "decent recovery" and there are some "encouraging signs" amid soaring inflation. "Rapid job growth is […]

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UK House Prices Log Double-digit Growth In May: Nationwide

UK house prices continued to log double-digit annual growth in May underpinned by the improvement in the labor market, data from the Nationwide Building Society showed on Wednesday. House prices grew 11.2 percent on a yearly basis in May, following the 12.1 percent increase in April. Nonetheless, the annual growth was faster than the economists’ forecast of 10.5 percent. On […]

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U.S. Personal Income Climbs 0.4% In April, Slightly Less Than Expected

The Commerce Department released a report on Friday showing personal income in the U.S. increased by slightly less than expected in the month of April. The report showed personal income rose by 0.4 percent in April after climbing by 0.5 percent in March. Economists had been expecting another 0.5 percent increase. Disposable personal income, or personal income less personal current […]

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Biggest takeaways from Davos, World Economic Forum

video Growing food shortage is ‘dire’: IMF managing director International Monetary Fund Managing Director Kristalina Georgieva provides insight into global food insecurity being a top issue.  The World Economic Forum (WEF) Annual Meeting 2022 in Davos, Switzerland concluded without definitive solutions to a number of global issues. Nearly 2,500 politicians, business leaders, and members of the media gathered in the […]

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