Hiring cooled in April from the torrid pace of 269,000 jobs on average during the first three months of 2024 as the economy generated an average increase of 175,000 in total employment. … READ MORE >
USA
5 things to know in life sciences: Week of April 29, 2024
Each week we highlight five things affecting the life sciences industry. Here’s the latest. … READ MORE >
Labor data shows economic strength as inflation concerns linger
Despite a slowdown in productivity and rising labor unit costs, the economy continues to show strength with initial jobless claims staying near recent lows and factory orders posting solid growth. … READ MORE >
Fed holds rates steady as rebound in inflation hampers progress
Citing a lack of progress in reducing inflation, the Federal Reserve kept its policy rate unchanged at 5.5% at its meeting on Wednesday, the same rate it has had since July. … READ MORE >
Job openings fall to a three-year low as manufacturing softens
Job openings in March plunged to 8.49 million, the lowest level in three years, according to the Bureau of Labor Statistics on Wednesday. … READ MORE >
Key takeaways for life sciences on laboratory developed tests final rule
The FDA released a final rule regarding laboratory developed tests. There are key considerations on enforcement discretion and phaseout schedule. … READ MORE >
Labor costs rise, complicating Fed’s decision on rate cuts
The employment cost index rose by 1.2% in the first quarter, up from 0.9% previously, while the year-over-year growth stayed elevated at 4.2%. … READ MORE >
Defense tech Q4 earnings calls focus on innovation, balancing risk
Defense technology companies are positioning themselves to capitalize on the anticipated passage of a proposed tax relief bill related to research and development. … READ MORE >
American consumers continue to spend despite sticky inflation
Spending remained strong in March on the heels of robust income growth despite sticky inflation, according to Commerce Department released on Friday. … READ MORE >
5 things to know in life sciences: Week of April 22, 2024
From empowering women leaders in the industry to integrating advanced medical devices into home settings, here’s what’s happening in life sciences. … READ MORE >