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German Chancellor Friedrich Merz unveiled a 34-measure reform package featuring tax cuts, pension system overhaul, stricter sick leave rules, and bureaucratic reduction to revitalize Europe’s largest economy.
U.S. job openings held steady at 6.87 million in March while hiring improved, though the Iran war threatens economic conditions ahead.
Over 200 economists and AI researchers have signed an open letter urging institutions to act immediately on addressing artificial intelligence’s potential economic impact and job displacement risks.
The US added 199,000 jobs last month with the unemployment rate declining to 3.7%, signaling economic resilience amid Federal Reserve rate-hiking efforts to combat inflation.
The US labor market added 272,000 jobs in May, significantly exceeding economist expectations, though the unemployment rate rose to 4% for the first time since January 2022.
The US added 227,000 jobs in November, with the unemployment rate rising to 4.2%. The Federal Reserve is expected to cut interest rates for the third time in 2024.
