FedNow creates “a leading-edge payments system that is resilient, adaptive, and accessible,” said Richmond Fed President Tom Barkin.
Jobless claims increase more than expected to their highest since October 2021
Initial filings for unemployment benefits totaled a seasonally adjusted 261,000 for the week ended June 3, an increase of 28,000.
Euro zone enters recession after Germany, Ireland growth revision
The euro zone entered a recession in the first quarter of this year and economists are not optimistic for the...
World Bank sees major economies growing at much slower pace thanks to higher rates and banking stress
Growth forecasts for advanced economies project just 0.7% increase this year, down from 2.6% estimated growth in 2022.
Unemployment dropped among Hispanic men and women in May but rose for Black workers
The U.S. unemployment rate rose overall in May, but declined for Latino workers, according to the latest nonfarm payrolls report.
Here’s where the jobs are for May 2023 — in one chart
Professional and business services led job creation for the month with 64,000 new hires.
Payrolls rose 339,000 in May, much better than expected in resilient labor market
Nonfarm payrolls were expected to increase by 190,000 in May, according to Dow Jones.