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U.S. job openings remained essentially flat at 6.87 million in March, though hiring improved with employers adding 5.55 million gross jobs before the Iran war’s economic impact intensified.
German Chancellor Friedrich Merz unveiled a 34-measure reform package including income tax cuts, pension system overhaul, stricter sick leave rules, and reduced bureaucracy to stimulate the country’s sluggish economy.
Over 200 economists and AI researchers signed an open letter Monday warning that artificial intelligence could trigger massive job displacement and economic transformation larger than the Industrial Revolution.
President Trump oversaw Kevin Warsh’s swearing-in as Federal Reserve chair at the White House on Friday, saying he wanted the central bank to remain independent while hoping Warsh would help stimulate economic growth.
The US economy added 272,000 jobs in May, significantly exceeding economist expectations of 190,000, though unemployment ticked up to 4% as the labor market demonstrated continued strength.
The US labor market added 227,000 jobs in November, with healthcare and leisure-hospitality leading gains. The unemployment rate rose to 4.2% as the Federal Reserve prepares for another interest rate cut.
