The Latest Breaking News on Economy

What keeps driving inflation so high

The inflation dragon is still breathing fire as the treasurer says higher-than-expected US inflation will have implications for Australia.

As the five economies in mainland Southeast Asia re-emerge from the Covid-19 pandemic, their prospects for recovery and return to growth and development appear challenged, characterised by deteriorating balance of payments, fiscal weaknesses, currency depreciations, and rising inflation amidst global monetary tightening and recession risks.

Applications for U.S. unemployment insurance increased to a six-week high, driven in part by a jump in Florida claims in the aftermath of Hurricane Ian.

The higher than expected figure for September sent shares tumbling

Inflation rate stubbornness will likely spark a further increase to interest rates which could come in early November

The number of Americans applying for unemployment benefits rose slightly last week but remains historically low even as the U.S. economy slows in the midst of decades-high inflation

After 2020's mass layoffs, some workers didn't return; now companies might think twice before pulling the trigger.

The unemployment rate now matches the pre-pandemic, half-century low of 3.5 percent. But with 2.8 million missing workers, low unemployment is both a blessing and a curse.

Any Americans hoping for relief from months of punishing inflation might not see much in Thursday’s government report on price increases in September

Treasurer Jim Chalmers acknowledges the "deteriorating global economy and rising inflation" would put pressure on his upcoming budget, ruling out changes to legislated stage 3 tax cuts.