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Unemployment

US Fed chair says ‘the time has come’ to start cutting interest rates

by Walter Watson
US Fed chair says ‘the time has come’ to start cutting interest rates

US stocks rose on Powell’s remarks, with all three major indices on Wall Street up sharply at around 10am local time in Washington (1400 GMT). The annual economic symposium in …

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Cops Seize Lamborghini Huracán From Man Who’s Been On Unemployment Since 2019

by Horatio Thompson
Cops Seize Lamborghini Huracán From Man Who’s Been On Unemployment Since 2019

Image: Lamborghini Abuse of things like unemployment exploded the last few years, especially during the pandemic. This abuse isn’t just specific to the U.S. either it seems. A man in …

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Nonfarm payroll growth revised down by 818,000, Labor Department says

by Walter Watson
Nonfarm payroll growth revised down by 818,000, Labor Department says

The U.S. economy created 818,000 fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department reported Wednesday. As part of its preliminary annual benchmark revisions …

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In major policy shift, Singapore announces unemployment support scheme

by Walter Watson
In major policy shift, Singapore announces unemployment support scheme

Singapore’s new Prime Minister Lawrence Wong makes a speech after being sworn in at the Istana in Singapore on May 15, 2024.  Edgar Su | Afp | Getty Images SINGAPORE …

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Why presidents should keep their hands off the Fed

by Vera Ward
Why presidents should keep their hands off the Fed

Kamala Harris was recently asked to respond to Donald Trump’s suggestion that the president should have a say in the Federal Reserve’s interest rate decisions. She was vehemently opposed, saying, …

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Opinion | Why World Bank action on looming jobs crisis points to a better way

by Anas Siddiqui
Opinion | Why World Bank action on looming jobs crisis points to a better way

During the next 10 years, the bank suggests, an unprecedented 1.2 billion young people in the Global South will become working-age adults. Meanwhile, the job market is only expected to …

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Exclusive | Qiandama’s funder GenBridge sees ‘substitution’ in China’s retail downgrade, tepid growth

by Anas Siddiqui
Exclusive | Qiandama’s funder GenBridge sees ‘substitution’ in China’s retail downgrade, tepid growth

“This is what I call the substitution effect,” Chang, founder and managing partner of Beijing-based VC firm GenBridge Capital, told the South China Morning Post in a recent interview. “When …

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CNBC Daily Open: Live long and prosper

by Walter Watson
CNBC Daily Open: Live long and prosper

Traders work on the floor of the New York Stock Exchange during morning trading on May 31, 2024 in New York City.  Michael M. Santiago | Getty Images This report …

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Is Quebec’s VFX industry in danger? New graduates and veterans say there’s no work

by Anas Siddiqui
Is Quebec’s VFX industry in danger? New graduates and veterans say there’s no work

Léa Paquette’s graduation gala in April was awkward to say the least.  Recent 3D-animation graduates dressed to the nines, mingled in a room of industry professionals in downtown Montreal, exchanging …

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Navigation centers in Denver, Aurora will offer help to the homeless

by Akin Smith
Navigation centers in Denver, Aurora will offer help to the homeless

Art LaGrange, wearing a tie-dyed T-shirt from a 1975 Led Zeppelin concert, ate a lunch of hot dogs, fries and mixed fruit inside RecoveryWorks’ homelessness hub in Lakewood on a …

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