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China Slashes Rates, Suspends Youth Jobless Data as Economy Signals Sharper Downturn
Updated Aug. 15, 2023 12:53 am ET Listen to article (1 minute) SINGAPORE—Chinese officials said they would stop reporting the country’s youth unemployment rate after
It Might Be Quitting Time for the Fed's Rate Hawks
Workers in some sectors are still leaving jobs at a higher rate than before the pandemic in a sign that the job-market realignment continues. Source
Jobs Market Shows Signs of the Gradual Cooling the Fed Wants
Employer demand for workers slipped slightly in June to its lowest level in more than two years. Source link
China's Soaring Youth Unemployment Threatens Xi's Economic Vision
The nation needs workers, but college graduates shun low-skill work. Many have opted out of the job market and are ‘lying flat.’ Source link
Big Four Accounting Firms Pare Their Consultant Ranks in Postpandemic Reversal
Professional-services giants are facing the consequences of aggressive hiring over the past two years, coupled with less attrition than they expected. Source link
China's Economy Barely Grows as Recovery Fades
China’s economy barely grew in the second quarter from the first and youth unemployment hit a record high in June, evidence of a fading recovery
Jobs Report Keeps Fed on Track to Raise Rates in July
The Federal Reserve is on course to raise interest rates to a 22-year high later this month to combat inflation. Source link
Jobs Report Will Show Whether Hot Hiring Cooled in June
The strong labor market has fed economic momentum and kept pressure on the Fed to raise rates again as it fights high inflation. Source link
Americans Have Quit Quitting Their Jobs
Listen to article (2 minutes) The surge in Americans quitting their jobs has abated since peaking during the pandemic, another sign that the labor market