‘Young seniors’ and ‘elderly youths’ collide as China’s internet mocks rat race
Discussion of the phrase sprouted last week when Ma Jiantang, former party secretary of the Development Research Center of the State Council, stated at a forum that individuals aged 60 to 70 should be regarded as “young seniors” because of…
Brazil posts strong job figures, signals stronger activity; inflation a concern
By Marcela Ayres BRASILIA (Reuters) – Brazil released vigorous job market figures on Tuesday, reinforcing views of stronger economic activity at the beginning of this year but keeping the central bank wary of potential impacts on inflation. Both the unemployment…
US Job Gains Are Strong, But Mask a Stall in White-Collar Positions
I’m Chris Anstey, a senior editor in Boston, and today we’re looking at Bloomberg’s reporting on a stalling in US white-collar job growth. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if…
Plunging Home Prices, Fleeing Companies: Austin’s Glow Is Fading
Plunging Home Prices, Fleeing Companies: Austin’s Glow Is Fading Bloomberg Oracle’s Jump to Nashville Surprises Austin – WSJ The Wall Street Journal Oracle in Nashville: What to know about the software company and why it picked Music City for its world headquarters Tennessean…
Australian Inflation Boosts Case for Higher-for-Longer Rates
Australia’s inflation came in faster than expected in the first three months of 2024, suggesting price pressures are proving stickier and bolstering the case for the central bank to hold interest rates at a 12-year high. Yields on the policy-sensitive…
California returns to job growth in March, but unemployment rate remains highest in nation
For the second month in a row, California posted the highest unemployment rate in the country, according to new data for March. And it was one of only two states, the other being Nevada, with a March jobless rate above…
Nearly Half of Residents Struggle to Pay Bills in California’s Riverside
Almost half of households in Riverside, California, can’t afford usual expenses and about a third had trouble paying an energy bill in the last year, according to a Census Bureau survey. Among the 15 largest US metro areas, Riverside had…
What Went Wrong With US Inflation
This was supposed to be the year that US inflation rode the last mile down to 2%, letting the Federal Reserve steadily reduce interest rates from a two-decade high. Now those expectations have been dashed. Price gains have proven much…
US economic activity expanded slightly in recent weeks, Fed says
(Reuters) -U.S. economic activity expanded slightly from late February through early April and firms signaled they expect inflation pressures to hold steady, a Federal Reserve survey showed on Wednesday, continuing recent trends that have kept the central bank from being…
‘Don’t put too many eggs in 1 basket’: 7 takeaways from China’s GDP, March data
Quarter on quarter, China’s economy grew by 1.6 per cent in the first three months of the year, up from a rise of 1.2 per cent from the previous three months. “China’s economy performed better than the market expected in…