Business Highlights: Europe’s inflation eases; the state of US unions

FRANKFURT, Germany — The inflation that has been wearing on European consumers fell sharply to 2.9% in October, its lowest in more than two years as fuel prices fell and rapid interest rate hikes from the European Central Bank took hold. But that encouraging news was balanced by official figures showing economic output in the 20 countries that use the euro shrank by 0.1% in the July-September quarter. Germany, the largest of the 20 countries that use the euro, saw its economy output fall by 0.

NEW YORK — From auto production lines to Hollywood, the power of labor unions is back in the national spotlight. But despite historic strikes and record contract negotiations seen this year, there’s still a lot stacked against organizing today. Rates of union membership have been falling for decades. More than 35% of private-sector workers were unionized 1953. Today, it’s about 6%. Labor experts point to changes in the U.S.

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Business economists report 'more challenging' business environment amid higher interest ratesZachary Halaschak is an economics reporter at the Washington Examiner. Before moving to Washington, he worked in Alaska, covering politics, government, and crime for the Ketchikan Daily News. While there, Zach won the Alaska Press Club’s second-place award for best reporting on crime or courts for his coverage of a local surgeon’s alleged murder.
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