Economy

Many ‘doubted the vision’: Saudi investment minister touts ‘green shoring’ on path to diversification

Saudi Minister of Investment Khalid al-Falih pushed back against skepticism over the country’s economic diversification plan, as Riyadh touts “green…

Europe’s economy survived ‘terrible prophecies’ but must now tackle trade with China: EU’s Gentiloni

The European Union has successfully avoided the “terrible prophecies” that threatened its economy in recent years, but must still contend…

U.S. job market slows, but it’s not yet a ‘three-alarm fire,’ economist says

The U.S. job market is cooling at a worrisome rate but not to an extent that warrants panic — at…

Fed Governor Waller backs interest rate cut at September meeting, open to larger move

Federal Reserve Governor Christopher Waller on Friday backed an interest rate cut at the upcoming central bank policy meeting in…

Unemployment among Black workers falls in August, bucking trend from other groups

The unemployment rate for Black workers fell in August, according to data released Friday by the Department of Labor. In…

Here’s where the jobs are for August 2024 — in one chart

The August jobs report came in weaker than expected, and employment growth by different industries showed a mixed bag for…

August payrolls grew by a less-than-expected 142,000, but unemployment rate ticked down to 4.2%

The U.S. economy created slightly fewer jobs than expected in August, reflecting a slowing labor market while also clearing the…