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The Latest Breaking News from Economy

US hiring jumped last month. So did unemployment. Here’s what that says about the economy.

The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs. Yet there were some mixed messages in the jobs figures as the unemployment rate rose to 3.7%.

Chicago Sun-Times

Jobs Report Shows Hiring Surge in May: What the Experts Are Saying

A mixed jobs report should keep the Fed on track to pause its campaign of rate hikes.

Kiplinger

GM, Stellantis Fined $363M For Failing To Meet US Fuel Economy Standards: Report

The fines were $235.5 million for Stellantis and $128.2 million for General Motors

Motor1

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2023 Toyota Corolla Hybrid Review: They’re Popular For A Reason

With all-wheel drive and 44 miles per gallon, the Elantra Hybrid rival is a great commuter.

Motor1

3 Quality Stocks to Buy Today

Amid sticky inflation, tight labor market, and economic resilience, another rate hike could be in the offing. The higher interest rates and tighter lending standards could push the economy into a recession. Amid the macroeconomic uncertainty, it could be wise to buy fundamentally strong quality stocks Microsoft (MSFT), Murphy USA…

StockNews.com

The debt ceiling deal has reduced access to supplemental food plans. Here’s why that’s a false economy

Forcing already hungry people to get a job in order for them to receive food will send ripple effects across other government programs.

Fortune

Lula pledges to stabilize Brazil's economy, says 'we'll grow again'

Brazilian President Luiz Inacio Lula da Silva said on Friday his government will "stabilize" Brazil's economy and put it back on a growth trajectory.

Reuters

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What we could learn from higher education in Egypt

Nile University is an exemplar for entrepreneurial learning

Birmingham Post

Big interview: The North Devon festival going the extra mile for the local economy and environment

BusinessLive spoke with founder Will Hayler ahead of the June event about how it establishes itself in the local community

Birmingham Post

US jobs market remains strong despite high interest rates and debt ceiling fight

US adds 339,000 jobs in May, surpassing forecasts, as unemployment rate increases slightly to 3.7%

The Guardian - US

U.S. economy adds 339,000 jobs as labor market stays hot

Economists expected a gain of 190,000 jobs last month.

Axios

World-class roads necessary to achieve PM Modi's $5 trillion economy target, says Gadkari

The Union minister was here to inaugurate a flyover, an underpass and a service road built at Dumad junction

The Hindu

Top business opportunities for SMEs in 2023 - like returning clients as economy stabilises

One in five SME owners saw the closure of competitors as an opportunity for growth in 2022 - but this has shrunk to just 12 per cent this year

Wales Online

Thai finance minister frontrunner aims to tackle debt

Thailand's election-winning Move Forward party is committed to increasing welfare spending and the minimum wage while promoting growth by opening up the economy to competition and cutting corruption, its finance minister-designate said.

Reuters

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Fortune

Inside Tennessee drag queens’ fight against the bill trying to knock down their livelihoods and their art

The law could impact Tennessee's drag economy and the larger LGBTQ+ community at large. But leaders aren't going down without a fight.

The Week

Greece’s ‘earthquake’ of an election: a right-wing triumph

Not long ago, Greece was Europe’s “economic and political problem child”, said Alan Posener in Die Welt (Berlin). The 2010 debt crisis had led to a 25% contraction in its economy – unemployment had hit 27%; people were rioting in the streets – and as a condition of receiving the massive bailouts…

Birmingham Post

Invest NI reports ramp up in sales and exports at partner companies

Advanced manufacturing companies saw the biggest hike in sales of £1 billion last year

The Hindu

Telangana has several goals, milestones to reach despite becoming strong economy in country, says Chief Minister

Asserting that Telangana has become a strong economic force in the country overcoming the obstacles in a short span of nine years, Chief Minister K. Chandrasekhar Rao has said that the State has several goals to reach

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Daily Mirror

One in five SMEs look forward to welcoming back clients in 2023 as economy stabilises

The return of clients is seen as the top business opportunity for SME owners this year - followed by introducing new products or services

Reuters

Trump, DeSantis trade barbs as 2024 campaign acrimony grows

Former President Donald Trump and Florida Governor Ron DeSantis traded barbs on Thursday over who could most quickly fix the economy and reform government agencies as the battle between the top two Republican contenders grew increasingly acrimonious.

Bangkok Post

UAC eyes B200m RDF plant in Indonesia

UAC Global Plc (UAC), a chemical trader and renewable energy operator, is preparing to allocate 200 million baht to build a refuse-derived fuel (RDF) factory in Indonesia to supply local companies under the circular economy concept.

Bangkok Post

Sentiment hits 3-year high amid economic recovery

The Digital Industry Sentiment Index rose above the threshold of 50 in the first quarter for the first time in 12 months, reaching a three-year high, according to a survey by the Digital Economy Promotion Agency (Depa).

The Hindu

At the root of India’s manufacturing challenge

The need for an entire ecosystem, including schooling, training and infrastructure for manufacturing to flourish cannot be achieved merely through legislation

The Hindu

Riding the momentum: On National Statistical Office’s economic data and the economy

Policymakers must ensure that fiscal and monetary measures remain growth supportive in the coming quarters

StockNews.com

3 Quality Stocks to Secure This Week

With the uncertain economic environment and the possibility of a recession on the horizon, investing in quality stocks such as ServiceNow (NOW), Nikon Corp. (NINOY), and North American Construction Group (NOA) could help survive a market downturn. Read more….

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