The cracks in America’s ultra-strong labour market

I t is the million-person mystery, and its solution will help determine just how strong American growth truly is. According to an official survey of employers, America’s economy has added 1. 2m jobs in net terms since the start of the year. But a separate survey of households paints a completely different picture: that the country has in fact shed about 100,000 jobs over the same time period.

Slight discrepancies between the two closely watched surveys are normal, but rarely has the gap been so wide. One suggests a robust economy that is coping just fine with high interest rates; the other, that growth is rapidly decelerating.

Its share of international reserves has stalled

Plenty of countries are in a dealmaking rush

Two new studies suggest not—at least in the long run, and in Scandinavia

Its share of international reserves has stalled

Plenty of countries are in a dealmaking rush

Two new studies suggest not—at least in the long run, and in Scandinavia

A more competitive market is a less profitable one

Peter Navarro’s dark vision of the global economy could shape Trump 2

State purchases of shares are bad enough, but other measures are far more destructive

A source: www.economist.com/finance-and-economics/2024/06/13/the-cracks-in-americas-ultra-strong-labour-market