Weaker Jobs Data Sparks Dollar Decline, Rate Cut Hopes
Category: Economy Total Views: 236By : Hannah Lewis Updated: 08-03-2024
U.S. Dollar Hits Four-Month Low Amid Weak Jobs Report
Friday brought a four-month low in the value of the U.S. dollar. This came after a rather dismal July job report. Employers created just 114,000 new positions according to the report. This far less than the anticipated rise of 175,000. Rising from 4.1%, the unemployment rate also hit 4.3%. These numbers begged questions regarding the economic strength. These days, traders hope the Federal Reserve will drop interest rates by 50 ... Read More
Record Tourism Growth Boosts Greater Ontario Economy
Category: Economy Total Views: 166By : Henry Turner Updated: 08-01-2024
Record Economic Impact of Hospitality and Tourism in Greater Ontario
Greater Ontario's hospitality and tourism industry created a record $110 million in economic impact last year. This striking number emphasizes the area's rising significance as a top Southern California travel destination. The information comes from an annual report on area development by Greater Ontario California (GOCAL). The record impact points to a significant industry recovery and expansion directio... Read More
Upcoming Economic Data to Guide Fed Rate Policy
Category: Economy Total Views: 101By : Evelyn Baker Updated: 07-31-2024
Fed Expected to Hold Interest Rates Steady
After its Wednesday two-day policy meeting, the Federal Reserve is expected to keep its present interest rates. Following a year of stability in the 5.25% to 5.50% range, the decision to leave rates unaltered is based The Fed's main preoccupation still is inflation control, notwithstanding continuous economic expansion. This stop in rate lets the Fed evaluate how past increases affected the economy. To guide next decisions, officials ... Read More
Rising Unemployment Rate Raises Economic Concerns
Category: Economy Total Views: 98By : Logan Wright Updated: 07-30-2024
June Sees Modest Drop in U.S. Job Openings
American job openings dropped 46,000 to 8.184 million in June. This meager drop points to a slow down of the labor market over time. This statistics came from the Job Openings and Labor Turnover Survey (JOLTS) published by the Bureau of Labor Statistics. Job openings remain rather high even with the decline. For June, economists had foresaw 8.0 million vacancies. The fall is a consistent one since March 2022. This moderation fits the inte... Read More
Weak Demand and Global Issues Impact China's Industries
Category: Economy Total Views: 89By : Olivia Taylor Updated: 07-27-2024
China's Industrial Profits Accelerate in June
China's industrial gains in June increased more quickly, a reflection of good economic trends despite underlying problems. Official figures revealed a 3.6% year-on-year rise in profits, against a 0.7% increase in May. Strong industry output, according to the National Bureau of Statistics (NBS), helped to explain this increase. Since the second quarter also had a major influence, the easing of factory-gate price declines also re... Read More