Wage Growth Slows as Unemployment Falls Back to Half-Century Low
The pandemic's increase in the length of the average workweek has been completely reversed.
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The pandemic's increase in the length of the average workweek has been completely reversed.
Oil prices rose on Wednesday, recovering from six-month lows hit the previous day, as a larger-than-expected drop in US oil and gasoline stocks reminded investors that demand remains firm, if overshadowed by the prospect of a global recession.
Oil prices rose in early Asian trade on Thursday, bouncing off multi-month lows in the previous session caused by data signalling weak US fuel demand.
Vietnam recorded 896 new Covid-19 cases on Monday, up by 148 from Sunday, according to its Ministry of Health.
The Fed’s plans for aggressive rate hikes are based on a concern for a 1970s-type wage-price spiral.