Every Economy story tagged Labour market.
The UK economy grew 0.1% in August 2024, defying forecasts of a contraction, with annual growth hitting 2.1%. The expansion was driven by manufacturing and computer programming, while services stagnated and construction declined, adding pressure on Chancellor John Healey ahead of the Autumn Budget.
IMF chief Kristalina Georgieva warns that AI, energy shocks, and record debt are straining the global economy as a 17-year era of easy financing ends.
The World Bank raised its 2024 growth forecast for East Asia and the Pacific to 4.5%, driven by AI-related exports.
The U.S. Added just 29,000 jobs in September, far below forecasts, as the unemployment rate rose to 4.2%. The data has sharply reduced market expectations for an imminent Federal Reserve interest rate hike.
A weaker-than-expected US jobs report showing just 29,000 new positions in September triggered a sharp market rally as investors scaled back bets on a Fed rate hike.
UK public sector borrowing reached £18.3bn in August, surpassing both market and official forecasts.
A key survey shows UK consumer sentiment fell to a three-year low in September, driven by fears of higher interest rates and job market insecurity.
Retail sales volumes in Great Britain increased by 0.5% in August, contrary to expectations of a fall. The Office for National Statistics reported the rise, which was supported by summer weather and back-to-school shopping.
Chancellor John Healey calls for confidence in Britain's economy ahead of his October Budget.
Global bond markets are under strain from geopolitical tensions and surging demand from tech giants and governments.
Oregon's economy is growing nearly as fast as the nation's, with tax revenue forecasts revised upward by nearly $540 million.
Unitree Robotics, a leading Chinese robotics firm, has made a successful stock market debut in Shanghai, with its shares rising by over 460% on the first day of trading.
HMRC sends over 81,000 warning letters to crypto holders who may owe capital gains tax.
A Manchester-developed mobile game, No 10: Full Confidence, has surpassed Minecraft in Apple's paid games chart, reflecting a growing trend of UK politics-themed games. The game tasks players with managing a prime minister's tenure amid parliamentary challenges, balancing factions like the cabinet and media. Its success suggests Westminster's recent turbulence has sparked a niche gaming sub-genre, with other titles like Fantasy Parliament and UK Politics Simulator also emerging.