The U.S. economy in January continued the slow but steady improvements that have characterized the post-recession period, as federal economists Friday reported that employers added 200,000 jobs last month while unemployment held steady at 4.1 percent. Worker pay jumped in January, with average hourly wages up 2.9 percent from a year ago. The bump suggests […]
President Donald Trump has been an instrument of chaos—goading nuclear powers, blasting the FBI, and mocking his enemies—the global economy scarcely seems to have noticed. In Europe, manufacturing confidence hit a 10-year high, according to JP Morgan. In Japan, business confidence has hit a 30-year high. The U.S. labor market has added jobs for 75 […]
Beijing is in the second year of a relentless campaign to wean China off its debt-heavy investment model, clamping down on everything from speculative property lending to shadow-bank financing activities as policy makers look to foster sustainable longer term growth. That has pushed up borrowing costs and taken some of the momentum off the world’s […]
