Goldman on Wednesday lowered its 2023 economic growth forecast, citing a pullback in lending from small- and medium-sized banks.
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World Bank sees major economies growing at much slower pace thanks to higher rates and banking stress
Growth forecasts for advanced economies project just 0.7% increase this year, down from 2.6% estimated growth in 2022.
Unemployment dropped among Hispanic men and women in May but rose for Black workers
The U.S. unemployment rate rose overall in May, but declined for Latino workers, according to the latest nonfarm payrolls report.
Here’s where the jobs are for May 2023 — in one chart
Professional and business services led job creation for the month with 64,000 new hires.
Payrolls rose 339,000 in May, much better than expected in resilient labor market
Nonfarm payrolls were expected to increase by 190,000 in May, according to Dow Jones.
Here’s what to watch out for in Friday’s jobs report for May
Economists surveyed by Dow Jones expect job growth in May of 190,000, a decline from the 253,000 in April.
Private payrolls rose by 278,000 in May, well ahead of expectations, ADP says
The U.S. labor market posted another month of surprising strength in May as companies added jobs at a pace well...