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Unexpected Drop in U.S. Unemployment Claims Amid Hurricane Aftermath
The number of Americans filing new unemployment benefit claims decreased unexpectedly last week. The US Department of Labor reported 241,000 seasonally adjusted initial state unemployment benefit claims for the week ending October 12. This figure represents a decrease of 19,000 claims from the previous week. Economists surveyed by Reuters had anticipated 260,000 claims. The previous […]
Challenges to Colombia’s Economic Expansion
This week, Colombia awaits its 2023 GDP figures, anticipated to be low, highlighting concerns for the nation’s economic future. After years of robust growth, declining investment now threatens the outlook. Estimates suggest growth could slow dramatically to between 0.9% and 2.0%. Corficolombiana explains this slowdown as a necessary adjustment to temper 2022’s spending and inflation. […]