Latest in: Economy

The world economy in 2017 “is picking up but not taking off,” a new report has cautioned against fiscal austerity and harnessing finance to support job creation and infrastructure investment. A combination of “too much debt...

Times Square in New York, Photo: Chensiyuan/Wikimedia Commons The middle class in America earned highest income in 2016, overtaking the previous record level achieved in 1999, according to the U.S. Census Bureau. The Bureau released three...

The U.S. economy added 156,000 jobs in August, with labor force participation remaining 62.9 percent while unemployment rate recording 4.4 percent. The Bureau of Labor Statistics released new data on Friday, reporting that manufacturing created 36,000...

Evening is falling here. I am sitting in a hotel room, in front of the window, on the 18th floor. This hotel is majestically built and located by the Red Sea. I am looking at the...

Into its third longest expansion since 1850, the United States’ economy looks robust but it must also take steps to overcome new challenges for its sustained growth, a new report said Thursday. The U.S. economy has...

Notwithstanding fast-paced emergence of China and other major economies over the past decade, people in countries around the world continue to view the United States as the top global economic power. According to Pew Research Center,...

As economists and IT leaders wonder about promise and perils of robots and ever new automated machines on jobs and governance, a new report this week said Artificial Intelligence could contribute a massive $ 15.7 trillion...

A survey of Americans’ views of immigrant contribution to the U.S. economy reveals that more people believe that inexpensive immigrant workforce brings a positive effect. Releasing the finding of the survey conducted this month, Gallup said...

Karachi, Pakistan’s financial hub, Photo by Rahib ALi via Wikimedia Commons After knocking the frontier doors for nine years, Pakistan has entered the grouping of world’s next promising economies with the Index provider MSCI’s inclusion of...

Continuing an unprecedented streak of economic recovery, the United States added 211,000 jobs to the market in April, leading to a 10-year low unemployment rate at 4.4 percent. The robust job creation contrasts with March’s 79,000....