The Latest Breaking News on Economy

President Donald Trump may be celebrating his long-awaited victory over the Federal Reserve's rate policy, but underneath the surface, inflationary pressures remain dangerously persistent.

According to the U.S. Bureau of Labor Statistics, the unemployment rate has inched up to 4.2% from a low of 3.4% last year, while monthly job gains have slowed to an average of 116,000 over the past three months, down from 251,000 in the same period of 2023.

The benchmark revision slashed employment gains by nearly one million, suggesting that hiring had been far weaker than policymakers, investors and businesses previously believed.

UnitedHealth stock led the Dow Jones Industrial Average amid increasing signs the labor market has not been well for months.

One long-duration Treasury bond ETF has surged nearly 9% in just four trading sessions, a performance that mirrors rallies last seen during the 2020 pandemic panic and the deflationary scare of August 2024.

The U.S. labor market is showing alarming signs of contraction, prompting Moody’s Analytics‘ top economist Mark Zandi to warn that a full-blown recession could be on the horizon.

The August jobs report sent a clear signal that the U.S. labor market is quickly losing steam—yet instead of panic, investors hit the buy button, betting that the Federal Reserve will be forced to cut rates this month and possibly again before year-end.

As 10 September nears, the emerging movement Bloquons Tout – “Let’s Block Everything” – is calling to bring France to a standstill in protest at economic policies. RFI asked political communications specialist Elliot Lepers and sociologist Quentin Ravelli whether online anger will be galvanised into real action.

US unemployment surpasses job openings for the first time since 2021, with 7.2M jobless. Tariffs and policy uncertainty stifle hiring, threatening £1.2T in consumer spending