Economy adds 156K jobs in August

The economy added 156,000 jobs in August, below economists’ expectations, the Bureau of Labor Statistics reported on Friday. The unemployment rate ticked up a tenth of a point, to 4.4 percent, while the labor force participation rate stayed steady at 62.9 percent. Manufacturing added 36,000 jobs last month, while construction employment rose by 28,000. Roughly 20,000 jobs were added in […]

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On the Ubiquitous, Economy-Shaping, Library-Defining Billy Bookcase

Fifty Inventions That Shaped the Modern Economy showcases the technological change in our society over the years by reviewing the tools, people, and ideas that affected our population. Bestselling author and Financial Times columnist Tim Harford explores the origin and impact of key inventions, from the plough to artificial intelligence, Gillette’s disposable razor to IKEA’s Billy bookcase, and much more. Below is […]

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Global economy is picking up steam

London/Hong Kong — Factories across Asia and Europe cranked up production last month as global demand remained strong, confounding expectations that growth may have peaked. The strength will add fuel to an expected rollback of monetary stimulus in the West. Since the global financial crisis, central banks have funnelled trillions of dollars into the world economy. While policy makers in […]

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indian economy: India can learn from progress made by Japan, South Korea, Taiwan: Expert

SINGAPORE: India has much more to learn from the economic progress made by Japan, South Korea and Taiwan who have achieved spectacular growth of more than nine per cent annually for over the last four decades each, an Indian- origin economist has said. Prasenjit Kumar Basu, a Singapore-based writer and an economist, in his book ‘Asia Reborn’ writes that agrarian […]

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Russian economic growth upgraded, inflation seen slowing: Reuters poll

MOSCOW (Reuters) – Russia’s economy is seen growing slightly faster this year than previously and inflation is seen slowing, a Reuters monthly poll of economists showed on Thursday. The median forecast of 20 analysts and economists polled by Reuters in late August was for Russian 2017 gross domestic product (GDP) growth of 1.7 percent, above last month’s call of 1.4 […]

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GLOBAL ECONOMY-What slowdown? Asian factories chug along as global demand holds up

* Factory activity expands in China, Japan, India, Taiwan * Europe, U.S. growth momentum expected to continue * Risks remain around Chinese debt, Western monetary tightening By Marius Zaharia HONG KONG, Sept 1 (Reuters) – Asia’s factories cranked up production in August as global demand remained strong, confounding expectations that growth may have peaked, but worries about China’s massive debt […]

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China’s expanding labor force may threaten economy

………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. ………. WASHINGTON – China may be an even bigger economic deal than we thought. Almost everyone knows that, in the past three decades, China has gone from a huge and poor nation to the world’s biggest exporter and second-largest economy. Now, in a […]

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