Events Archive

June private sector jobs rose by 172,000 vs 159,000 expected: ADP

Employment in the private sector rose more than expected in June, led by gains in small-business jobs, according to a report Thursday from ADP and Moody's.

Fed's Fischer: We have no plans to try negative interest rates

Federal Reserve Vice Chairman Stanley Fischer said Friday that it was too soon to tell whether Britain's vote to leave the European Union had changed the U.S. economic outlook.

The Fed may surprise markets in June: Strategists

The market is underestimating the Federal Reserve's willingness to hike interest rates at its meeting next month, strategists told CNBC on Monday.

Fed's Dudley: The economy may be slowing

A closely followed Fed official said Thursday he would favor a rate hike this year if the economy performs in line with forecasts for growth, employment and inflation.

Conservative Conference: PM David Cameron confirms cuts to in-work tax credits

Prime Minister David Cameron has said that in-work tax credit cuts will not be reviewed in the Autumn budget statement and will be pressed ahead. Despite calls from within the PM's Conservative party to reconsider the the policy, Cameron said that the government will impose the credit cuts, arguing that it is a good system and that the rise of the minimum wage to a living wage will make up for the cuts.

Jobs up but US has unfinished business: Labor secretary

Just a week before Labor Day, U.S. Labor Secretary Thomas Perez cited the "resilience" of the American worker and economic growth but also referred to "unfinished business" in the job recovery.

The central banks and their bottom line

From the Swiss National Bank to the Federal Reserve and the ECB, concerns are mounting over central bank liabilities. But should we really be worried?

British construction activity expanded at the slowest pace in more than a year last month, with order books filling at the slowest pace since June 2013 and optimism waning, a survey showed on Tuesday.

The Markit/CIPS construction PMI fell to 59.4 in November, its weakest reading since October last year, down from 61.4 in October. While falling short of economists' expectations for a slight decline to 61.0, the index was comfortably above the 50 threshold for growth, as well as its long-run average of 54.5.

UK public borrowing at £11.6bn in August

Government borrowing is more than 6% higher than at the same time a year ago, official figures have shown

Skilled foreign workers boost British growth by £210bn a year

Skilled foreign workers add hundreds of billions of pounds to the British economy each year and are outperforming their UK-born counterparts, according to a new report.

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