BUENOS AIRES—Argentina will roll out a new 2,000-peso bill, the central bank said on Thursday, which would double the face value of the country’s top denomination bank note, but would still only be worth $11 officially and $5 in commonly used parallel markets. The South American country is battling one of the world’s highest inflation […]
President Joe Biden took a victory lap on Friday after the U.S. economy reported 517,000 new jobs in January, topping most economists’ expectations. With outgoing National Economic Council (NEC) director Brian Deese and Council of Economic Advisors (CEC) head Cecilia Rouse behind him, President Biden claimed that he had created more jobs in two years […]
The U.S. economy created 517,000 new jobs in January, up from an upwardly revised 260,000 in December, according to the Bureau of Labor Statistics (BLS). This is also higher than economists’ expectations of 185,000. The unemployment rate dipped to 3.4 percent, down from 3.5 percent and below the market estimate of 3.6 percent. Average hourly […]
U.S. President Joe Biden convenes a meeting of his Competition Council at 1:30 p.m. ET on Feb. 1 for an update on the progress his administration has made to promote competition in the economy and to lower prices for the American people. NTD will livestream the event.
WASHINGTON—U.S. job openings rose to 11 million in December, delivering a setback to the Federal Reserve’s effort to cool a hot job market. Openings were up from 10.44 million in November and were the highest since July, according to data released Wednesday by the Labor Department. Economists had expected job openings to drop slightly in […]
Communist China leads the world in the creation of counterfeit and pirated goods, according to a new report by the Office of the United States Trade Representative (USTR). Some 75 percent of the value of all counterfeit and pirated goods seized by U.S. customs in 2021 originated in China, according to the USTR’s “2022 Review […]
There is certainly an immigration boost at the U.S. border as border states are struggling with surging illegal immigrants into the country due to immigration policies from the Biden administration. But at the same time, the United States seems to be on the brink of a recession. Fed Chairman Jerome Powell suggested that strong job […]
Consumer spending accounts for more than two-thirds of U.S. economic activity. it grew at a 2.1 percent rate, also slower than the previous quarter. half of the boost to growth in the fourth quarter came from a sharp rise in inventory held by businesses. though, some of that inventory could be unwanted stock. but Stripping out […]
