British Unemployment At Two-Year High
On Tuesday, the British Office for National Statistics (ONS) reported that the unemployment rate in Britain has hit the highest level in almost two years. It noted the increase was…
Goldman Sachs Says Tech Layoffs Are Not As Bad As Thought
In a recent note, Goldman Sachs makes the case the recent spate of layoffs in the tech sector are not a viable sign of an impending recession. Goldman Sachs chief…
Larry Summers Says Unemployment Will Need To Hit 6% To Get Inflation To Target Rate
During an interview on Friday’s episode of Bloomberg’s “Wall Street Week,” economist, Harvard Professor, Treasury Secretary under President Bill Clinton, and Director of the National Economic Council under President Barack…
Jobs Market Shows Signs Of Softening As Jobless Claims Rise
Jobless claims remained near a nine-month high, at 260,000 unemployment applications, showing the US labor market is softening as inflation continues to persist and the Fed has been instituting record…
Larry Summers Says No Inflation End Without Significant Unemployment Increase
Harvard Professor, economist, and former Treasury Secretary Larry Summers said on Bloomberg’s Wall Street Week that inflation will not drop to normal levels, “without a significant increase in unemployment of…
