Economics

Payrolls Increased by 339,000 in May, Significantly more than Anticipated Amid a Robust Job Market

Payrolls Increased by 339,000 in May, Significantly more than Anticipated Amid a Robust Job Market

Despite a number of challenges, the U.S. economy continued to create employment in May, with nonfarm payrolls expanding faster than anticipated, according to data released…
Subsidized Housing

Subsidized Housing

Subsidized housing is government-sponsored economic assistance that helps impoverished people with low to moderate incomes with housing costs and expenses. Subsidized housing is frequently referred…
Unemployment Claims Rise more than Anticipated, Reaching their Highest Level Since October 2021

Unemployment Claims Rise more than Anticipated, Reaching their Highest Level Since October 2021

Last week saw a dramatic increase in first-time unemployment claims, which could be a sign that the labor market is beginning to loosen up after…
According to a key Fed gauge, inflation increased 0.4% in April and 4.7% from a year ago

According to a key Fed gauge, inflation increased 0.4% in April and 4.7% from a year ago

According to a gauge that the Federal Reserve constantly monitors that was issued on Friday (May 26, 2023), inflation remained persistently high in April, perhaps…
Stock of Coinbase Falls 12% after SEC Sues Over its Exchange and Staking Operations

Stock of Coinbase Falls 12% after SEC Sues Over its Exchange and Staking Operations

Tuesday (June 6, 2023) morning, the Securities and Exchange Commission filed a lawsuit against cryptocurrency exchange Coinbase in federal court in New York, stating that…
ADP Reports that Private Payrolls Increased by 278,000 in May, much Exceeding Expectations

ADP Reports that Private Payrolls Increased by 278,000 in May, much Exceeding Expectations

According to a report released on Thursday (June 1, 2023) by payroll processing company ADP, the U.S. labor market showed another month of surprisingly strong…
May saw a Decline in Hispanic Male and Female Unemployment, but a Rise in Black Employment

May saw a Decline in Hispanic Male and Female Unemployment, but a Rise in Black Employment

The most recent nonfarm payrolls report shows that while the unemployment rate in the United States increased in May, it decreased for Hispanic employees. Last…
Global Debt is Approaching Record Levels as a Result of Rate Hikes, According to the Main Trade Organization

Global Debt is Approaching Record Levels as a Result of Rate Hikes, According to the Main Trade Organization

According to a closely-watched analysis from the Institute of International Finance, the amount of global debt increased by $8.3 trillion in the first quarter to…
Fringe Benefits Tax

Fringe Benefits Tax

Fringe Benefits Tax (FBT) is a tax imposed by the government on certain benefits that employers provide to their employees, in addition to their regular…
Although the Severe Labor Shortages may be Subsiding, there is Still Another Issue to be Solved

Although the Severe Labor Shortages may be Subsiding, there is Still Another Issue to be Solved

Labor shortages have plagued global economies since the start of Covid-19 and exacerbated inflationary pressures, but economists anticipate that this trend will finally reverse itself…
Wiz’s Quick Rise to $10 Billion Value During a Market Slump Demonstrates that Cloud Security is ‘Still Significant’

Wiz’s Quick Rise to $10 Billion Value During a Market Slump Demonstrates that Cloud Security is ‘Still Significant’

Over the last year, the tech scene has been dominated by news of downsizing as a result of rising interest rates, inflation, and economic uncertainty.…
Social Ownership – a system of economic organization

Social Ownership – a system of economic organization

Social ownership refers to a system of economic organization in which the means of production, distribution, and exchange are owned and controlled by society as…
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