Bank of England Governor Andrew Bailey said there was more evidence that the labour market was “softening” and pay growth was declining, suggesting interest rate cuts may be warranted. The ...

Hiring decelerated after the Fed raised its benchmark interest rate 11 times in 2022 and 2023. But the economy did not collapse, defying widespread predictions that the higher borrowing costs ...

The US labor market continues to surprise and the unemployment rate, against the odds, is falling Hiring rose modestly from a revised 144,000 in May and beat economists expectations of fewer than ...

The U.S. job market delivered another upside surprise last month, churning out a better-than-expected 147,000 jobs.