American households earned a record median income of $87,460 last year, according to new Census Bureau data. The catch? That figure is only slightly above the previous peak set in 2019. Adjusting for inflation, that means the typical household has gained little economic ground in six years marked by pandemic upheaval and surging consumer prices….
The U.S. economy unexpectedly shed 23,000 jobs in July, undershooting economists’ expectations and signaling the job market may be slowing. By the numbers Economists polled by FactSet forecast employers added 95,000 jobs in July. The unemployment rate in July stood at 4.1%, down from 4.2% in June. The Labor Department also revised down the May…
Every year, as the sugarcane crushing season approaches, Pakistan finds itself trapped in the same debate. Farmers demand higher cane prices to offset rising production costs. Sugar mills argue that increased procurement prices make sugar commercially unviable. Governments intervene to broker settlements, while consumers brace for higher retail prices. By the end of the season,…
