WASHINGTON – U.S. Secretary of Labor Alexander Acosta issued the following statement on the May 2017 Employment Situation report: “May’s unemployment rate ticked down to 4.3 percent from the previous month’s level of 4.4 percent. The unemployment rate is the lowest it has been since May 2001, dropping 0.5 percentage points since President Trump took […]
Vital Voices Global Partnership and Bank of America are recognizing the fifth year of the Global Ambassadors Program (#GlobalAmbassadors), an initiative that advances women’s economic empowerment through mentoring, by convening the program in the U.S. for the first time. The Global Ambassadors Program kicks off this week in Charlotte, N.C., with additional programs to be […]
President of the United States Donald Trump and President of the People’s Republic of China Xi Jinping agreed at their Mar-a-Lago meeting to advance U.S. – China economic cooperation with a 100-day action plan under the framework of the U.S. – China Comprehensive Economic Dialogue. Under the leadership of the co-chairs, Secretary of the Treasury […]
Baden-Baden, the German spa town built on ancient thermal springs, is a fitting venue to discuss the health of the global economy during this week’s meeting of the Group of Twenty finance ministers and central bank governors. Policymakers will likely share a sense of growing optimism, because the recent strengthening of activity suggests that the […]
With women being paid an average of 23 per cent less than men, the United Nations has launched a high-profile network to call for equal pay for work of equal value. “We want equal pay now,” yelled Academy Award-winning American actress Patricia Arquette and two-time Olympic gold medalist and soccer superstar Abby Wambach, leading a […]
In the week ending March 4, the advance figure for seasonally adjusted initial claims was 243,000, an increase of 20,000 from the previous week’s unrevised level of 223,000. The 4-week moving average was 236,500, an increase of 2,250 from the previous week’s unrevised average of 234,250. The advance seasonally adjusted insured unemployment rate was 1.5 […]
WASHINGTON – For many of our nation’s at-risk youth, getting educated and starting a successful career are goals often out of reach. Across the U.S., YouthBuild programs seek to help these young people reach their full potential by providing critical job skills in construction to help propel them towards professional success. Today, the U.S. Department […]
A major milestone for the global trading system was reached on 22 February 2017 when the first multilateral deal concluded in the 21 year history of the World Trade Organization entered into force. In receiving four more ratifications for the Trade Facilitation Agreement (TFA), the WTO has obtained the two-thirds acceptance of the agreement from […]
Geneva, Switzerland, – The World Economic Forum has signed an agreement to boost multistakeholder cooperation on environmental policy with the China Council on International Cooperation on Environment and Development, an influential advisory body to China’s State Council. The CCICED includes Chinese and international experts. The MoU comes shortly after Xi Jinping, President of the People’s […]
Total nonfarm payroll employment increased by 227,000 in January, and the unemployment rate was little changed at 4.8 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in retail trade, construction, and financial activities. Household Survey Data Both the number of unemployed persons, at 7.6 million, and the unemployment rate, at 4.8 […]