The US economy added 216,000 jobs in December
According to figures issued on Friday by the Bureau of Labor Statistics, the US economy added 216,000 jobs in December, exceeding forecasts and rounding off a year of resilience in the labor market. 3.7% was the unemployment rate that persisted. The unemployment rate was predicted by economists to rise to 3.8% and for December to see net job additions of 160,000. The job market's sustained strength has supported consumer spending and economic expansion. Despite the eleven rate hikes the Federal Reserve has made in the last two years to combat inflation, it has stayed strong. For a long time, Federal Reserve Chair Jerome Powell has issued warnings that the labor market needs to slow down from its frantic speed and improve the match between the number of jobs available and the number of.
Inflation isn’t beaten yet. Price rises are accelerating again in Europe
The significant and agonizing issue plaguing Europe's economies over the last two years hasn't entirely gone away. The two largest economies in the European Union, France and Germany, had increases in annual inflation in December. The upward trend in consumer price inflation in the eurozone was confirmed by the first estimate released on Friday, which increased from 2.4% in November to 2.9%. This marked the first increase in the 20 eurozone member states' yearly inflation rate since April 2023. According to EU data, the total rate increased as a result of a far less noticeable year-over-year decline in energy prices, together with further rises in the cost of services, food, alcohol, and tobacco. That might reduce some investors' euphoria over the European Central Bank (ECB)
Vintage images provide a unique look at Mumbai’s red-light area from the 1970s.
The late American photographer was renowned for her ability to make subjects feel comfortable, but initially she had trouble making friends in the infamous red-light district on the outskirts of Mumbai society. She subsequently noted in the foreword to her 1981 book "Falkland Road, Prostitutes of Bombay" that "for ten years I tried to take photographs on Falkland Road and each time (I was) met with hostility and aggression" (Bombay being the name the British gave Mumbai before its name change in 1995). She described her early visits to the most populated city in India in the late 1960s. "The women pinched me and flung water and trash. Men would assemble in droves around me. My address book was once taken by a pickpocket; another time. A reprint of the book with over 70 of Mark's photos was widely praised for bringing attention to the predicament of sex workers, many of whom were forced into prostitution by pimps and madams and were physically and mentally ill. The book was "meant almost as a metaphor for entrapment, for how difficult it is to be a woman," she said in an interview with the New York Times magazine in 1987. President of the Mary Ellen Mark Foundation, Meredith Lue, told me via video conference that the photographer, who had a difficult upbringing, gravitated toward and connected with those who were vulnerable. "These are typically small communities of people, mostly young people or women who have kind of fallen behind or not given much thought."
Experts expect that “others are bound to follow suit” after HSBC became the latest lender to lower mortgage rates.
The UK's average two-year mortgage rate fell to 5.92% on Wednesday, according…
Who is the gaming boss who took the Epic fight to Apple and Google?
Although Fortnite has been profitable for years, the owner of the developer Epic has left even more money on the table by challenging Google and Apple. As a result, the game is no longer available on two of the most well-known gaming platforms worldwide. Each match begins with one hundred participants dreaming of triumph and dressed as their favorite characters; however, only the last person standing declares victory and gets to dance over their rivals. Although his battle is far from done, Tim Sweeney, the head of the studio that created it at Epic, is feeling similarly joyful following a significant court victory over Google, which was fueled by Fortnite's popularity. Since 2017, the game has gained popularity across culture, expanding to include
Interest rate hikes are ‘net positive’ for economy but not everyone
Here's a sentence which might sound a little odd: higher interest rates…
Pepsi faces supermarket boycott in four European countries
It's been claimed that some of the more than 9,000 outlets that are not stocking products because of "unacceptable price increases" already don't carry PepsiCo's drinks and snacks. Due to the fact that PepsiCo products have become too costly to stock, one of the biggest grocery chains in France has decided not to offer the brand. According to a Carrefour representative, the change will affect the company's network of over 9,000 stores in Belgium, France, Spain, and Italy.The chain claimed to have put up signs in-store attributing the change to "unacceptable price increases". This is the most recent high-profile dispute between large grocery producers and European supermarket chains since the crisis caused by rising living expenses following Russia's war with Ukraine. rising wholesale prices for numerous goods, including energy
Property values “increased for the third consecutive month” due to rising buyer confidence
House prices have risen for the third month in a row, according…
Following calls for boycotts, the war in Gaza has had a “meaningful business impact” on McDonald’s.
The fast-food giant has faced controversy after its Israeli franchise donated thousands…
Train strikes: Full list of dates in December 2023 and rail lines affected
Rail lines are set for major disruption between now and Saturday 9…
