The Latest Breaking News on Economy

Covid outbreaks in major cities drive unemployment to highest levels since May, and end of pandemic controls may further stress job market

Applications for US unemployment benefits fell last week to the lowest since September, another sign of resiliency in the labor market amid a weakening economy.

As countries across Europe and around the world grapple with high living costs and impending recession, voters are concerned about the economy and how their elected representatives will fix it.

"We now expect downward pressure on prices as customers seek out cheaper alternatives"

Tough economic conditions meant that 2022 was a rough year for people everywhere in the world. South Africa was no exception. But this year’s crop of problems came on top of a legacy of poor economic performance.

The US Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and signaling more hikes to come. The central bank boosted its benchmark rate a half-point to a range of 4.25% to 4.5% and projected it would continue rising to…

Some people would benefit. Others would lose money or be rendered unemployable.

THE cost of living crisis shows up the “fiscal constraints of devolution”, Scotland’s Deputy First Minister has said as he prepares to set out…

National jobless rate remains at near 50-year low as rebounding economy faces labor shortages from lack of migration