Federal Reserve officials raised interest rates at their July 26 meeting, but investors doubt that they will lift them again this year.
Tag: Layoffs and Job Reductions
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China Suspends Youth Unemployment Report
The Chinese government said it would no longer release monthly data about unemployment in young people, which had risen each month this year and reached 21.3 percent.
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Trucking Giant Yellow Is Bankrupt, and Finger-Pointing Begins
Yellow, which received billions in federal pandemic aid, failed after being a laggard for years in a part of the industry where rivals are doing well.
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U.S. Adds 187,000 Jobs in July as Economy Cools
Employers added 187,000 workers in July, a slower pace than the recent norm, but “more sustainable,” one economist said.