Los Angeles, April 27 (IANS) Americans are feeling the strain as the cost of groceries, gasoline, and utilities continues to rise. Economists say a one-two punch of new US tariffs and a war-driven spike in global energy prices are pushing up everyday expenses and threatening to slow growth just as households had begun to regain some breathing room.”I feel betrayed,” Katie Peyrey, a 66-year-old struggling grandmother and caregiver from Burbank, California, told Xinhua news agency.She is a minimum…
Latest Peterson Institute for International Economics News & Updates
Washington, March 7 (IANS) The United States lost 92,000 jobs in February, according to data released by the Bureau of Labour Statistics, signalling potential weakness in the US economy. Nonfarm payrolls fell by 92,000 from the previous month, marking the third decline in payrolls over the past five months.The jobless rate ticked up to 4.4 per cent as jobs decreased in key sectors.The healthcare industry lost 28,000 jobs, mostly due to a strike at a major health insurance provider, reports Xinhu…