CBO projects higher unemployment, slow exit from inflation
WASHINGTON — The Congressional Budget Office said Wednesday that it expects the U.S. economy to stagnate this year with the unemployment rate jumping to 5.1% —…
Zoom to layoff nearly 15% staff as pandemic wanes | Business and Economy News
Zoom, which became a household name during lockdowns with its video-conferencing tools, has seen growth slow down. Zoom Video Communications Inc has said it would…
US adds a surprisingly strong 517,000 jobs despite Fed hikes | Business and Economy News
Employers in the United States added 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve’s aggressive drive to slow…
Unemployment rate set to rise for January 2023
It's been a big week for economic news, an economic Olympics if you will. Competition has been fierce for which report can provide the best window into…
US filings for jobless aid lowest since April | Business and Economy News
The robust data on the United States job market comes even as layoffs in the tech sector have surged. US applications for jobless aid fell…
US job openings increase to five-month high, manufacturing slumps | Business and Economy News
Gap between job openings and hiring suggests wage growth could remain high, an indicator that interest rates could rise. Job openings in the United States…
US economy posts strong growth in Q4 but underlying weakness | Business and Economy News
The US economy grew faster than expected in the fourth quarter, but that likely exaggerates the nation’s health as a measure of domestic demand rose…
Spotify to lay off 6% of its employees | Business and Economy News
The tech sector is facing a demand downturn after two years of pandemic-powered growth when it had hired aggressively. Spotify Technology said on Monday that…