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SLUGGISH JOB MARKET
America in focus: Fed officials eye higher rates; unemployment claims fallFederal Reserve officials consider higher interest rates if inflation persists. Mortgage rates have eased slightly but remain higher than l...
China's youth jobless rate rises to 17.9% amid record influx of graduates, economic slowdownChina's youth unemployment reached 17.9 percent in July, a significant increase. A record 12.7 million graduates entered a struggling job m...
- As Opel turns to Chinese partners, its hometown frets about the future
Struggling like many other European automakers, Opel is expanding its partnership with Leapmotor to build a new SUV, tapping the Hangzhou-b...
More young people unemployed worldwide amid looming AI risks, UN labour agency saysGlobal youth unemployment increased in 2025, reversing pandemic recovery trends. Young people worldwide now face a worsening job market and...
Fed officials divided on US inflation views; US home prices hit all-time highThe International Monetary Fund predicts a modest global economic growth of three percent for this year. In the United States, home prices ...
IMF growth downgrade, Fed split and oil fears dominate week in global economyThe International Monetary Fund forecasts a sluggish global economic growth of three percent this year. US home prices have reached an all-...
5 world market themes for the week aheadTSMC's earnings will offer insights into AI chip demand this week. Wall Street banks are set to report, with expectations for strong corpor...
Andy Burnham distanced himself from UK Prime Minister Starmer, but may be stuck with his policiesA significant leadership change is imminent in Britain as Andy Burnham prepares to succeed Prime Minister Keir Starmer. Burnham, recognized...
US economy expanded at solid 2.1% pace in January-March, government says, upgrading last estimateThe growth in gross domestic product - the nation's output of goods and services - marked a rebound from a sluggish 0.5% in the last three ...
Brexit at 10: How Britain's financial sector recovered and evolvedPost-Brexit, London's financial landscape has witnessed a decline in its global market influence and workforce numbers. While some position...
China's May retail sales fall for first time in over three yearsChina's economy shows a worrying split in May. While factories are humming with strong exports, consumer spending took a hit, with retail s...
US job openings rise to a better-than-expected 7 million despite sluggish labor marketIn January, American job openings surged to nearly 7 million, yet the actual pace of hiring has noticeably dwindled. This paradox points to...
Ericsson to continue job cuts, CEO saysSwedish telecom giant Ericsson plans further job cuts. CEO Borje Ekholm confirmed headcount reductions are ongoing. This follows a previous...
Budget 2026: What is growth recession & why it could be a key concern for the governmentBudget 2026: As Finance Minister Nirmala Sitharaman prepares to present the Union Budget for FY26, the concept of a "growth recession" is g...
Note ban impact: Jobs market slows, but no disaster yetAmong sectors, there will be no major growth in hiring focus at conventional businesses but it will be different in areas of digital disrup...
High costs, sluggish job market hurt home salesThe Japanese financial services major also pointed out that while banks were aggressively pushing to grow their retail book by offering low...
Sluggish job market continued to push home prices downwards: NomuraThe Japanese financial services major also pointed out that while banks were aggressively pushing to grow their retail book by offering low...
- Unemployment rising in China amid slowdown
Over three million graduates are struggling to find jobs this year in China as the world's second largest economy is facing a slowdown.
- Despite sluggish markets, job outlook remains positive: TeamLease
Sluggish markets notwithstanding, most of the business have decided to hire, according to staffing firm TeamLease.
- FedEx plans to lay off 900 at freight unit
FedEx's freight unit says it will lay off 900 employees, saying that sluggish demand has declined further so far this year.