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Thursday, December 12, 2024
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US economy

Jobs Report: US Economy Added 227,000 Jobs In November

Jobs Report: US Economy Added 227,000 Jobs In November

06 Dec 2024

According to the November job report, the U.S. economy continued its job growth in November, with a reported increase of 227,000 jobs across various sectors. Notable gains were observed in healthcare, leisure and hospitality, and government, which saw increases of 54,000, 53,000, and 33,000 jobs, respectively. Unemployment rate ticks up...

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Federal Reserve Cuts Key Interest Rate By 25 Bps

Federal Reserve Cuts Key Interest Rate By 25 Bps

08 Nov 2024

The Federal Reserve lowered its key interest rate by 0.25 percentage points on Thursday to help maintain economic growth in the U.S. The new federal funds rate range is now 4.5% to 4.75%, following a larger 0.5-point cut in September. The Federal Open Market Committee (FOMC) stated that it believes...

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Trump’s Mass Deportation Plan: How Much Would It Cost The US Economy?

Trump’s Mass Deportation Plan: How Much Would It Cost The US Economy?

28 Oct 2024

If reelected, former President Donald Trump has pledged to expel millions of undocumented immigrants from the US. Since the Republican National Convention, where supporters displayed “mass deportation now” signs, Trump and his team have presented various approaches to achieve this goal, leaving little doubt that it remains a priority. In...

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IRS 2025 Tax Brackets Are Out: Will You Save Or Pay More?

IRS 2025 Tax Brackets Are Out: Will You Save Or Pay More?

22 Oct 2024

The IRS (Internal Revenue Service) has revealed updated federal income tax brackets and standard deductions for the 2025 tax year. In an announcement on Tuesday, the agency raised the income limits for each bracket, which will impact tax returns filed in 2026. For 2025, the highest tax rate of 37%...

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US Elections: New Poll Shows Harris Edges Out Trump On Key Key Economic Questions

US Elections: New Poll Shows Harris Edges Out Trump On Key Key Economic Questions

21 Oct 2024

US elections indicate that Donald Trump is losing his edge over Kamala Harris regarding who is more qualified to manage the economy, according to recent polling data. As millions of voters have already begun casting early ballots ahead of the presidential election on November 5, a new Associated Press/NORC poll...

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US Job Growth Surges: 254,000 New Jobs Added In September, Unemployment Falls To 4.1%

US Job Growth Surges: 254,000 New Jobs Added In September, Unemployment Falls To 4.1%

05 Oct 2024

In a surprising turn of events, U.S. employers added 254,000 jobs in September, easing concerns about a slowing labor market and indicating that hiring remains strong enough to support a growing economy. This figure significantly exceeded economists' expectations and marked a sharp increase from August's addition of 159,000 jobs. Furthermore,...

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Why Are More Than 30,000 Boeing Factory Workers Going On Strike?

Why Are More Than 30,000 Boeing Factory Workers Going On Strike?

13 Sep 2024

Over 30,000 factory workers at the US plane manufacturer Boeing have stopped working, causing production of the 737 Max to come to a halt. The International Association of Machinists and Aerospace Workers (IAM) saw 96% of its members vote in favor of striking, with almost 95% rejecting the proposal. Jon...

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White House Attempts To Address Fallout Following Biden’s Comment On India And Japan

White House Attempts To Address Fallout Following Biden’s Comment On India And Japan

03 May 2024

White House press secretary Karine Jean-Pierre has addressed the recent controversy surrounding US President Joe Biden's remarks, clarifying that his comments were intended to convey a broader point rather than being perceived as xenophobic. Jean-Pierre emphasized that Biden's statement underscored the importance of the United States as a nation built...

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