International Economics: IB Economics

The latest jobs data from the US illustrates that the economy is still rebounding at a decent pace, making it unlikely that the Federal Reserve are going to lower interest rates in the near future, because of fears that there still might be the prospect of inflation picking up.

The wider concern, is that this also implies that other economies are going to follow suit and it reduces the likelihood of short-term rate cuts elsewhere. 

It's almost as if the Federal Reserve knew that the latest US labour market figures were going to suggest slower than expected jobs growth and a slight uptick in unemployment before they made yesterday's interest rate decision. 

However, with hindsight, holding interest rates now seems like a very prudent decision. 

This BBC article highlights how fish farming is expanding in Africa, in a number of states, and as a result it's creating jobs, boosting development, and innovating. 

However, it's still a risky pursuit - many African lakes can be prone to upwelling - which depletes the oxygen in the lake and can cost producers their entire fish stocks. 

The US economy remains relatively robust, despite concerns about the economy going into recession, with 187,000 jobs being created last month and unemployment at 3.5%. As a result, it seems likely that the Federal Reserve are not going to raise interest rates any further. 

The US economy remains in decent health looking at the latest unemployment data. It has returned to a multi-decade low of 3.4% and another 253,000 jobs were created last month, despite rising interest rates.

I'm interested to see what this implies for macroeconomic modelling - have developed economies changed? Certainly it seems as though the Phillips Curve has shifted leftwards. 

It seems as though the US economy remains resilient, even in the face of tighter monetary policy, with over 300,000 jobs created in February, exceeding commentators expectations. 

An economy on the path to recovery perhaps? 

The US has good news from tis labour markets,with joblessness reaching a 50 year record low and another half a million jobs being added in January. That said, it's a single month, and it's difficult to see this as part of a trend. 

US job creation has fallen a little bit - with fewer jobs created in August than in July. It's only a marginal decline but some are worried about the implications of this for the UK economy. 

The US economy seems to be bouncing back - with more jobs created than expected in May, and unemployment staying low at 3.6%. 

However, are unemployment figures in developed economies capturing the extent to which people are out of work. 

This World Bank clip highlights the importance of childcare to developmental outcomes - with 315 million children under school age having no access to effective childcare.

It's an important issue in increasing both child development and female participation in the labour force, as well as offering employment and entrepreneurial opportunities.

The official US unemployment rate fell again, to 3.9% but the rate at which new jobs were created fell to 199,000 last month - lower than expected and some commentators are slightly nervous about the prospects for 2022, given that the Federal Reserve has indicated that it's going to withdraw support for the economy. 

Good news from the United States where job creation is up, and unemployment is down, and real wages are also rising, albeit just.

Of course, there are questions about causality - not least in that the previous President would have no doubt been quick to take credit for these figures - but it seems as though the US economy is on an upwards trajectory. 

Signs that the US coronavirus recovery is stalling, with weaker than anticipated jobs growth in August. However, perhaps that can be attributed to a number of states seeing alarming rises in coronavirus - in part as a result of their policies. 

Another indication that the road to complete recovery is not going to be straightforward. 

The latest data from the US suggests that unemployment has just ticked upwards to 3.9% although job creation was higher than expected. It might confirm the view that over-obsessing about a single month's data might not be a good thing.

It seems that the US recovery is stronger than was anticipated - if only measured by the extent to which jobs are being created and, as a result, some people think that the Federal Reserve might be tempted to raise interest rates when it next meets. 

It's clear that the economy is proving resilient, but is 3.8% really the natural rate of unemployment? 

This World Bank clip looks at the rise of online gig work - the opportunities and the challenges that the growth of the sector poses. The World Bank are of the view that online gig work is particularly appealing to young people and women, but with that come a number of challenges, not least the threat that these workers can be exploited - not least in terms of gender-based discrimination. 

The latest US jobs data suggests that the economy is slowing - with jobs growth at its weakest in the past two years. All in all, the post-Covid, post-Ukraine recovery doesn't appear to have been sustained. 

Slightly mixed messages from the US economy, but, overall, the picture looks relatively healthy. The economy is growing, creating new jobs and unemployment remains low, so what's not to like?

The importance of childcare is often overlooked as a way of promoting development. However, if children below primary school age don't have access to it, not only do they suffer but their parents might also be unable to enter the labour force and thus the provision  of high quality childcare can have a number of positive effects upon an economy's developmental prospects. 

The latest from the US, where despite slowing job growth, it seems that market sentiment thinks that the Federal Reserve are going to have to do more to rein in inflation. This means that interest rate rises might well be on the cards, and as a result the dollar strengthened against the pound. 

However, the central bank will be wary of having to balance tackling inflation with sustaining economic growth, a tough task.

Has the tide turned for the former East Germany, with disruption to global supply chains encouraging some firms to relocate to the eastern part of the country, generating jobs and boosting incomes via the regional multiplier effects of their investment. Factor in the higher skills that such high-tech jobs are likely to generate and it seems as though the region is going to start catching up with the rest of the German economy. 

It seems as though the US economy is making a strong recovery. Unemployment remains remarkably low at 3.6% and there were 428,000 jobs created last month. And given the state of labour market, it's unsurprising that there's significant wage growth, which is perhaps helping fuel inflation. 

The US economy saw 467,000 jobs added in January, exceeding analysts expectations in the wake of the impact of the Omicron variant, Good news for America is invariably good news for the global economy.

Mixed labour market data from the US, slower than expected jobs growth but overall, unemployment is down to 4.2%, wages are up and the only cloud on the horizon is the Omicron variant which has introduced some uncertainty into proceedings. 

The US recovery appears to be slowing, with job creation slowing to 194,000, even though unemployment remains at relatively low levels. That said, it's still above pre-coronavirus levels.

The problem is that many economists expected 500,000 jobs to be created - which is around the monthly average for 2021.