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The unemployment rate remains roughly on par with the pre-pandemic level of 4.2% and well below the long-run average of 5.7%. Wage growth has also surprised on the upside.
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(The Center Square) – The Federal Reserve lowered the target for the federal funds rate by another quarter point last week while signaling fewer rate cuts in 2025 than previously anticipated.
[4] [5] Despite these benefits, economic activities often result in harm to biodiversity, such as through deforestation. [1] The majority of species have yet to be evaluated for their current or future economic importance. [6] Raw materials, pharmaceuticals and drug production all directly and indirectly depend upon biodiversity. [6]
Development economics is a branch of economics that deals with economic aspects of the development process in low- and middle- income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions, whether ...
The welfare definition of economics is an attempt by Alfred Marshall, a pioneer of neoclassical economics, to redefine his field of study. This definition expands the field of economic science to a larger study of humanity. Specifically, Marshall's view is that economics studies all the actions that people take in order to achieve economic welfare.
(The Center Square) – The Federal Reserve lowered its target for the Fed funds rate by another 25 basis points last week. But why should you care? Although the U.S. economy is still growing at ...
This may be important, uncompensated work occurring everyday in private life; or it may be criminal activity that involves clear but furtive economic exchanges. By ignoring or failing to understand these activities, economic policies can have counter-intuitive effects and cause strains on the community and society. [23]