US job growth picks up in July as labor market defies recession fears

A pedestrian walks past a “Help Wanted” sign on the door of a hardware store in Cambridge, Massachusetts, U.S., July 8, 2022. REUTERS/Brian Snyder/ Sign up now for FREE unlimited access to Record Nonfarm payrolls increase 528,000 in July Unemployment rate falls to 3.5% from 3.6% in June Average hourly earnings increase 0.5%; 5.2% … Read more

Canadian village devastated by wildfires grapples with climate protection of its future

REVELSTOKE, British Columbia, Aug 5 (Reuters) – A year after a wildfire destroyed the western Canadian village of Lytton, British Columbia residents, municipal leaders and the government are grappling with the slow and costly reality of future-proofing a community against climate change. change. The remote town sits at the confluence of the Fraser and Thompson … Read more

Weekly US jobless claims rise, but labor market remains tight

Weekly jobless claims rise from 6,000 to 260,000 Continued claims rise 48,000 to 1,416 million The trade deficit is reduced by 6.2% to 79.6 billion dollars in June WASHINGTON, Aug 4 (Reuters) – The number of Americans filing new claims for jobless benefits rose last week, suggesting some easing in the labor market, though overall … Read more

Stocks hold steady as markets bet on a sharp BoE hike

The market bets on a 50 bp rise in the Bank of England Fed official: 50 bp hike in September is “reasonable” Oil rebounds from six-month lows Lufthansa returns to operating profit Credit Agricole sees a rise in profits LONDON, Aug 4 (Reuters) – Strong earnings from Credit Agricole and Lufthansa buoyed shares on Thursday, … Read more

Analysis: World’s largest bond markets are back in fashion as recession fears mount

Global indices are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 19, 2021. REUTERS/Andrew Kelly Sign up now for FREE unlimited access to Record LONDON, July 29 (Reuters) – One day you’re out, the next you’re in: The world’s battered sovereign … Read more

Exclusive: Biden EPA to Address Carbon from Coal Industry with Rules on Other Pollutants

GUAYAMA, Puerto Rico, Jul 29 (Reuters) – The U.S. Environmental Protection Agency plans to apply new limits on traditional pollutants such as ozone and coal ash to help encourage the closure of coal-fired power plants that remain in the country, after the Supreme Court limited the agency’s ability to impose sweeping climate regulations, according to … Read more

US labor market powers ahead with strong job gains despite recession fears

Nonfarm payrolls increased 372,000 in June Private sector employment back above pre-pandemic level Unemployment rate holds steady at 3.6% Average hourly earnings rise 0.3%; up 5.1% year-on-year WASHINGTON, July 8 (Reuters) – US employers hired far more workers than expected in June and continued to raise wages at a steady clip, signs of persistent labor … Read more