US labor market resilient; declining profits a red flag for economy

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 86%

Business News News

Business Business Latest News,Business Business Headlines

Some economists say US labor market resilience raises the risk that the Federal Reserve could raise interest rates again in June.

, factory production, and business activity that have suggested the economy regained speed at the start of the second quarter.

They were down 6% on a year-on-year basis, the largest decline since the second quarter of 2020, a sign that companies were struggling to pass on higher costs to customers. In principle, GDP and GDI should be equal, but in practice differ as they are estimated using different and largely independent source data.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines