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Unemployment is a major concern for many countries around the world. A country's unemployment rate is the percentage of its labor force that is without work but actively seeking it. It is an important economic indicator, as it provides an insight into the overall health of an economy. Here you will find news, articles, and videos about unemployment rates from around the world.
It’s P-day today. The official payrolls report’s importance is difficult to overstate. In the run-up SF Fed president Daly said that the Fed’s job right now is to keep the labour market about where it is now. She doesn’t yet know how big a rate cut is needed though. Goolsbee (Chicago) said he’s seeing mounting warning signs from the labor market and argued for multiple rate cuts soon. The consensus is for a 165k net job growth. Considering the recent developments, we think that’s a high-enough bar. Markets will also eyeball the unemployment rate.
The country’s jobless rate rose to a one-year high of 4.7% in July as fresh graduates entered the workforce, the Philippine Statistics Authority (PSA) said on Friday. Preliminary data from the PSA’s Labor Force Survey (LFS) showed the jobless rate in July picked up from two-decade low of 3.1% in June. It is the highest […]
Between 2022 and 2023, the unemployment rate held steady at 3.6% as the labor market added 3.5 million jobs. Over the same period, wages rose faster than inflation—which fell nearly in half. Upcoming Census Bureau data for 2023—set to be released on Tuesday—will reflect how these factors impacted annual earnings, income, and poverty of workers,…
Markets August nonfarm payrolls to settle the debate once and for all… Or not. The US economy added 142k jobs in August, compared to 165k consensus. Most other metrics printed near consensus as well. The unemployment rate ticked lower from 4.3% to 4.2%, the participation rate stabilized at 62.7% and wage growth even accelerated somewhat […]
The August US non-farm payroll report has been interpreted as largely dovish by the markets. Job growth showed clear signs of slowing, but the slight decrease in the unemployment rate has helped ease immediate recession fears. As a result, market expectations for a 50 bps rate cut by Fed this month have now risen above 50%. Dollar is broadly sold off in response, and 10-year Treasury has a notable decline.
US non-farm payroll employment rose 142k in August, missing expectation of 163k. Growth was also well below the average monthly gain of 202k over the prior 12 months. Previous month's growth was revised down from 114k to 89k.
Canada's employment grew 22.1k in August, below expectation of 25.0k. The 66k gains in part-time work were offset by -44k decline in full-time work. Unemployment rate rose from 6.4% to 6.6%, above expectation of 6.5%, marking the highest level since May 2017 outside of the pandemic period. Employment rate fell -0.1% to 60.8%.