The Latest Breaking News on Economy

US jobless claims increase for second straight week

Unemployment claims remain close to the highest level since last November, the Labor Department said.

Al Jazeera · Aug 11, 2022

US jobless claims rise again, near highest since November

Applications for U.S. unemployment insurance rose for a second week and held near the highest level since November, indicating continued moderation in the labor market.

Tribune News Service · Aug 11, 2022

Biggest UK fall in real wages for 100 years looms, warns TUC

Study shows pay rises could fall behind inflation by 8% later this year, an unprecedented drop in living standards

The Guardian - UK · Aug 11, 2022

Public services face cuts unless £26bn inflation hole plugged, IFS warns

Prices rises will cause cuts in healthcare, education and defence unless the Treasury intervenes, according to a leading economic think tank

The Independent UK · Aug 9, 2022

Public services need another £44bn by 2025 to cope with inflation, says IFS

Severe cuts to services feared as rising costs absorb a big chunk of increased departmental spending

The Guardian - UK · Aug 9, 2022

MPC expected to raise interest rate Wednesday

The Monetary Policy Committee (MPC) is expected to raise the policy interest rate for the first time in two years by 0.25% on Wednesday to 0.75%, as inflation soared above 7% in the last two months, bringing an end to a low-interest era, analysts say.

Bangkok Post · Aug 9, 2022

Michael Pascoe: RBA jawbone has done its job with consumers

Consumer sentiment normally has a political bias – voters for the government of the day survey more optimistically than those supporting the opposition.

The New Daily · Aug 9, 2022

ACTU pushes for caps on energy bills and a windfall tax on corporate profits ahead of jobs summit

Report proposes big changes to Australian economy including giving workers more clout to bargain for better pay

The Guardian - AU · Aug 9, 2022

Britain isn’t just facing a cost of living crisis: it’s facing a bonanza of corporate greed

Our politicians have opted to protect profits instead of people. Even my own party isn’t doing enough, says MP Zarah Sultana

The Guardian - UK · Aug 9, 2022

Liz Truss doubles down on refusal to offer support over rising energy bills

Foreign secretary previously said she did not want to give ‘handouts’ to people struggling with cost of living

The Guardian - UK · Aug 9, 2022