The March jobs report is expected to show the US labor market remained steady last month, but experts say the Iran war has already changed the economic landscape in the weeks since the data informing Friday’s report was collected. Subscribe to read this story without ads Get ad-free articles and exclusive content. The surveys carried … Read more
Written by Lucia Mutikani WASHINGTON, April 3 (Reuters) – U.S. job growth may have picked up in March as a health workers’ strike ended and temperatures warmed, but downside risks to the labor market continued to mount due to the ongoing war in the Middle East. The expected return to the pace of last year … Read more
The cost of fish and chips is set to rise after the Easter long week as rising oil and fertilizer prices make all parts of the food supply more expensive. Local retailers have warned that they will not be able to accept rising tariffs from fishermen, truckers, potato farmers and airlines. Fish prices rise by … Read more
ORLANDO, Florida, April 2 (Reuters) – US job growth is slowing to a halt. If this was tolerable to policymakers or acceptable to investors before the Iran war, it should not be now. The labor market has been struggling for some time, but this has been overshadowed by the unemployment rate, which has come down, … Read more
Fourth-generation Iowa farmer Mark Mueller is no stranger to the ups and downs of the agriculture industry. But right now, he thinks America is on the brink of a farm crisis. Subscribe to read this story without ads Get ad-free articles and exclusive content. “I’m more concerned now than I was 30 years into farming,” … Read more
Comments: Oil prices rose after Trump’s speech, with Brent rising to $110 a barrel after briefly falling to $99 on Wednesday on hopes that he will soon make a deal with Iran. Stocks fell overnight in Asia and Europe, and opened higher in early trading in New York on Thursday. Stocks later rallied and ended … Read more
A bad gas tax won’t fix anything. The Albanian government made one big mistake during the war in Ukraine. It failed to control LNG export group East Coast LNG, which sent European gas prices back up to Australia. Because gas prices kept the cost of electricity low, this created a major inflationary trend that continues … Read more
A “Help Wanted” sign hangs in the window of a restaurant in Medford, Massachusetts, US, January 25, 2023. Brian Snyder | Reuters Non-farm payrolls are expected to fall back – slightly – in March as consumers tune in for what is shaping up to be a healthy labor market. The US economy is estimated to … Read more
On a sunny February afternoon, Wendy Morales locked up Blue Star Cafe & Pub for the last time. After decades of serving great omelets, old bloody marys, and french fries, a beloved Seattle’s Wallingford eatery has closed for good. “Our lease is coming to an end,” Morales said. “There was no choice. Money, I call … Read more
Written by Michael S. Derby April 2 (Reuters) – Dallas Federal Reserve President Lorie Logan said on Thursday that U.S. oil producers are unlikely to increase production and protect consumers from higher gasoline prices in the near future. The price US producers say they need to see to start drilling is just shy of $70 … Read more