Major events promise local economic spillover, but June’s hiring data suggests tourism momentum may not be enough to offset a softer consumer economy. The Associated Press reported Thursday that restaurants, bars, and hotels cut 61,000 jobs in June, a sharp disappointment for a sector expected to receive at least a temporary lift from World Cup…
April’s GDP rebound gives Canada breathing room, but the growth mix shows resilience without broad household relief. Canada’s economy grew 0.5% in April, its strongest monthly expansion in nine months and a better result than economists expected. Statistics Canada’s industry-level data showed growth across 16 of 20 sectors after a small contraction in March. The…
A lower unemployment rate is supposed to be good news. This one is a warning dressed up as one. The Bureau of Labor Statistics reported Thursday that the U.S. economy added just 57,000 jobs in June, well below the roughly 113,000 economists expected, while the unemployment rate ticked down to 4.2% from 4.3%. Those two…
The labor market does not have to collapse for workers to lose access. A slower hiring economy can close the first rung before anyone calls it a crisis. The Associated Press reported Thursday that U.S. employers added only 57,000 jobs in June, a sharp hiring slowdown that left the unemployment rate at 4.2% largely because…
Canadian factories are growing and hiring at the same time input costs hit a four-year high. Both trends are being driven by the same source: a trade relationship Canada does not control. The S&P Global Canada Manufacturing PMI held at 53.0 in June, little changed from 52.9 in May, marking a sixth straight month above…
A soft jobs report can lift markets when investors believe it keeps the Fed away from another rate hike. That tells us where power sits in this economy. Reuters reporters Ann Saphir and Lucia Mutikani reported Thursday that traders sharply reduced expectations for a July Federal Reserve rate hike after the Labor Department said the…
The dispute shows how public systems depend on outsourced workers whose labor becomes visible only when the delivery chain breaks. Teamsters Local 703 said in a June 26 statement that drivers and helpers at Open Kitchens, a food-service vendor that delivers meals to Chicago Public Schools and other Chicagoland customers, were forced to strike after…
The River District is being sold as revitalization, but its actual sequence shows how public incentives decide which future arrives first. New Orleans’ River District is moving forward through a familiar urban formula: corporate offices, hotels, apartments, entertainment venues, museums, and public incentives arranged into a single promise of revitalization. Axios reported that Shell’s new…
AI infrastructure is no longer only a chip race; the companies that can secure power, grid priority, and flexible load will control the next bottleneck. The AI race is moving out of the model lab and into the power grid. For the past two years, the public story of artificial intelligence has centered on chips,…
The restructuring reduces Ethiopia’s immediate burden, but it also shows how fiscal room is shaped by creditor leverage before citizens feel recovery. Reuters reported June 29 that Ethiopia had reached a preliminary agreement in principle with an Ad Hoc Committee of bondholders holding roughly 45% of its defaulted $1 billion international bond, restructuring the notes…