Tue, 21-Oct-2025

US inflation skyrockets, piling pressure on Biden

Biden

Inflation in the United States reached a new four-decade high in May. The US consumer price index (CPI) jumped 8.6 percent compared to May 2021. American drivers are facing daily record gas prices. Inflation in the United States reached a new four-decade high in May, defying expectations that price pressures had peaked and deepening President … Read more

US continues to add jobs as wage gains slow

US

US job gains slowed in May, and rapid wage increases slowed as well. “American employers added 390,000 jobs last month, Labor Department reported. The government data showed the participation rate edged up very slightly to 62.3 %. US job gains slowed in May, and rapid wage increases slowed as well, a welcome sign for US … Read more