Reported 11 months ago
Following recent rate cuts by Canada and the European Central Bank, the global focus is on the US, where the latest non-farm payroll report quelled Fed rate cut expectations. Employment numbers surged in May while wages continued to rise. Despite a hot labor market, the share of the US middle class is lower than fifty years ago, with more people feeling a need to cut expenses. Industries recommended for job seekers include education, services, construction, and retail, with opportunities in locations like Memphis, Tennessee. Major retailer IKEA is recruiting 10 positions for their new virtual store that offers remote work and is the first company to pay employees on a gaming platform. US residents are seeing slight wage increases but struggle to keep up with rising prices, impacting even the affluent middle class. The cinema industry is experiencing record-low box office during peak times, with theaters resorting to creative strategies to attract customers. Major movie releases like 'Dune 2' find success by offering unique popcorn buckets and merchandise, helping boost ticket sales. Overall, efforts to combat inflation continue as the latest CPI report is awaited.
Source: YAHOO