Photo by Nout Gons on Pexels.com
The U.S. unemployment rate rose to 4.3% in July 2024, marking the fourth consecutive month of increase and reaching its highest level since October 2021.
Nonfarm payrolls grew by only 114,000, significantly below market expectations and the lowest increase in three months. The private sector added 97,000 jobs, with private service providers contributing 72,000 and goods-producing payrolls increasing by 25,000.
The construction sector saw a notable rise of 25,000 jobs, while manufacturing added 1,000 jobs, and mining and logging lost 1,000 jobs.
Government payrolls increased by 17,000 but slowed compared to the previous month. Earnings growth slowed to 3.6% year-over-year, the slowest since May 2021.
The softening labor market and decelerating inflation suggest the Federal Reserve may begin to ease interest rates in the second half of 2024.
Industrial real estate thrives due to increased investor interest in logistics amid regional trade growth,…
Tenaga Nasional Berhad has reached 43 gigawatts of capacity, enhancing Malaysia's energy transition towards a…
AI is transforming SMEs today, enhancing productivity and decision-making through adaptable technology and AI-ready hardware…
Vincent Tan has reduced his stake in Berjaya Corporation to streamline operations and enhance financial…
Cisco launches Cloud Control, a unified AI‑driven platform integrating networking, security, and operations to defend…
Kuala Lumpur, Malaysia, 5, June 2026 — AhaPay, a Malaysian BNPL solution provider, part of…
This website uses cookies.