Economy
Central banks, inflation, jobs and growth, and the policy decisions that shape the cycle.
Canada's Job Market Cools as Unemployment Hits 6.7% in October
Canada's job market cooled in October as employment fell by 4,700 and the unemployment rate rose to 6.7%. Youth unemployment climbed to 13.7
US hiring beats forecasts in October as unemployment dips to 4.1%
US hiring beat forecasts in October, with 165,000 jobs added and unemployment dipping to 4.1%. Wage growth also came in hot, a mix that coul
Chile's October inflation accelerates to 4.5% on fuel costs
Chile's inflation accelerated in October as fuel prices pushed consumer prices up 0.5% on the month, lifting annual inflation to 4.5%—above
German factory output rises 0.7% in September, but auto-led bounce may be short-lived
Germany's industrial production rose 0.7% in September, beating expectations, as car output surged 17.1%. But economists at ING caution the
Poland's central bank lifts inflation forecast on higher energy costs
Poland's central bank has raised its inflation outlook, citing higher energy prices. It now sees average inflation at 4.2% in 2027, above it
New Zealand card spending climbs 0.7% in October, led by fuel and vehicles
New Zealanders spent more on their cards again in October, with ANZ reporting a 0.7% seasonally adjusted rise from September. Fuel and motor
Japan's fastest wage growth since 1997 strengthens case for BOJ rate hike
Japan's real wages rose 2.2% in September, the fastest pace since 1997, as base pay climbed 3.7%. The data strengthens the case for another
October jobs report expected to show modest hiring rebound
Friday's jobs report is expected to show a modest hiring rebound, with payrolls up 65,000 and unemployment steady at 4.2%. Wage growth is se
US Productivity Surges 3.6% in Q3 as Labor Costs Fall, Easing Inflation Worries
US workers produced more per hour in Q3, and employers' labor costs per unit fell. Meanwhile, jobless claims dropped to a seven-month low, e
Bank of England raises rates for first time since 2023 as inflation looms
The Bank of England has raised interest rates for the first time since 2023, joining a global wave of central bank hikes. It warns that Brit
October job cuts fall while holiday hiring plans hit record
US employers announced fewer layoffs in October but lined up a record number of holiday hires, led by Amazon's plan to add 300,000 seasonal
Small business hiring struggles worsen in October, NFIB survey shows
A new NFIB survey shows small business owners had a harder time filling jobs in October, with 36% reporting unfilled openings. More owners a