The Latest Breaking News on Economy

Strong growth in household spending earlier this year is unlikely to be matched, which could ease Reserve Bank fears of a return of inflation pressures.

Data from the Institute of Directors (IoD) showed that firms said higher labour costs has been the biggest contributor to growing pessimism.

Asian markets surged again Friday, tracking record highs across Wall Street, after US inflation and jobs data all but set in stone a Federal Reserve interest rate cut next week.

U.S. inflation likely ticked higher last month as the Trump administration’s import taxes lifted the price of goods, putting the Federal Reserve in a tough spot when it meets next week

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.

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

The ADP National Employment Report, released Thursday, showed private employers added just 54,000 jobs in August, well below expectations of 65,000 and down from 106,000 in July.