Advertisement
U.S. markets open in 24 minutes

Economic News and Analysis

The latest news and analysis about the health of the US economy.

Economic News

  • Business
    Reuters

    "Eye-popping" May US payrolls jump may set back Fed ease

    The Labor Department said on Friday that the unemployment rate ticked up to 4.0% for the first time since January 2022, while nonfarm payrolls increased by 272,000 jobs last month, much more than the 185,000 forecast by economists polled by Reuters. But they're not going to like the fact that the unemployment rate went up to 4%.

  • Business
    Bloomberg

    Oil Pares Weekly Loss as OPEC+ Repeats That Hike is Conditional

    (Bloomberg) -- Oil futures pared a weekly loss after some members of OPEC+ reiterated that its plan to revive halted supplies is contingent on market conditions. Most Read from BloombergReal Estate Investors Are Wiped Out in Bets Fueled by Wall Street LoansBehind ‘Suicide Squad,’ the Year’s Biggest Video-Game FlopVietnam Tycoon Sentenced to Death Faces New Charges: MediaBillionaire-Friendly Modi Humbled by Indians Who Make $4 a DayBrent crude futures were trading near $80 a barrel, rebounding fr

  • Business
    Bloomberg

    Russia’s Hawkish Hold Leaves Rate Hike on Table as Economy Booms

    (Bloomberg) -- Russia’s central bank extended its interest-rate pause but signaled that monetary tightening is still an option, as the country’s war in Ukraine continues to overheat the economy and stoke inflation.Most Read from BloombergReal Estate Investors Are Wiped Out in Bets Fueled by Wall Street LoansBehind ‘Suicide Squad,’ the Year’s Biggest Video-Game FlopVietnam Tycoon Sentenced to Death Faces New Charges: MediaBillionaire-Friendly Modi Humbled by Indians Who Make $4 a DayFor the fourt