It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
President Biden and Vice President Harris released their tax returns for 2023. Biden's income rose slightly while Harris's income decreased slightly. Both couples paid federal income taxes and incurred small penalties for underpaying estimated taxes. The returns highlight the complexities of the tax code, including handling multiple income sources and managing tax liabilities. Tax experts advise higher earners with complex financial situations to consider working with professionals to optimize their tax strategies.
The U.S. economy added a strong 303,000 jobs in March, with the lowest unemployment rate in over two years at 3.8%. Despite cooling slightly from the "great resignation" era, the job market remains healthy, with employers providing ample job opportunities and real wage growth for workers. This positive labor market outlook benefits both workers and the economy without signs of overheating.
The US economy created 303,000 jobs in March, exceeding expectations. The unemployment rate remained low at 3.8%, despite an increase in the participation rate. Wages rose 0.3% for the month, consistent with forecasts. Healthcare, government, hospitality, and construction sectors contributed significantly to job gains. Despite positive overall trends, the unemployment rate among Black individuals increased. The strong job market could influence the Federal Reserve's decision on interest rates.
Private sector companies in the US added a significant number of workers in March, with wages increasing for both existing and new employees. Leisure and hospitality led the job growth, followed by construction and trade. The South added the most jobs regionally, while small businesses saw limited growth. This strong employment data suggests the labor market remains healthy.
Despite employment gains and unemployment reduction for Black Americans, challenges persist. Income inequality and racial gaps linger, particularly in the tech sector. Diversity, equity, and inclusion (DEI) initiatives have faced controversy, prompting a need for reevaluation. While progress has been made, addressing these issues is crucial for achieving economic equity.
The US job market expects continued growth in February, with 198,000 new jobs and a 3.7% unemployment rate. While slower than January, it reflects a healthy market. Employers remain cautious about rapid expansion to avoid inflation. Despite layoffs in tech, growth persists in other sectors. Skilled worker shortages continue in healthcare, engineering, and skilled trades. Wage growth is moderating slightly from January's pace.
In February, the US unemployment rate rose slightly to 3.9%, despite a decrease for Black women to 4.4% due to job growth in sectors with high Black female employment. However, Hispanic women saw an increase in unemployment to 5%. Overall, the labor market remains strong, with economists anticipating stability in the coming months.
