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Discover Latest #Unemployment Rate News, Articles and Videos with Contenting
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.
UK jobs market continues to deteriorate - UK Investor Magazine
The UK jobs market has shown additional signs of deterioration, with wage growth slowing and the number of vacancies for open jobs falling. The unemployment rate remained at 4.7% in June – the highest level since 2021. There were 6,000 fewer people on UK payrolls and 10,000 fewer vacancies. This all points to a slowing […]
Weekly Focus - Yields Higher on Strong US Data - Action Forex
We are heading into a crucial week for markets and the Fed with key US labour market data coming up. It will culminate with the payrolls report on Friday but before that we get the JOLTS job openings data, ADP private employment and Challenger job cuts. With the Fed having a sharp focus on downside risks to employment following disappointing job growth in recent months, the data will be key for whether the Fed will decide to cut again already again next month or wait for the December meeting. We look for a relatively solid report, with nonfarm payrolls growth at +80k, average hourly earnings growth at +0.3% m/m and unemployment rate steady at 4.3%. Our baseline scenario is that the next Fed cut is in December, but it is a close call between October and December.
Yen Underperforming After ‘Balanced’ Comments from BOJ Ueda - Action Forex
Most Asian equity markets continue a (tech-driven) rally this morning with Japan one of the outperformers. China and South Korea are closed. Still the dollar gains marginally, with the yen this time underperforming after ‘balanced’ comments from BOJ governor Ueda (see below). An unexpected rise in the Japanese unemployment rate in this respect probably also doesn’t help (2.6% from 2.3%).
Unemployment expected to edge higher in Canada, signaling labour market slowdown
Statistics Canada will release its Labour Force Survey on Friday, and markets are bracing for a mixed print. The Unemployment Rate is expected to tick higher to 7.2% in September, while the Employment Change is forecast to rise by 5K new workers after a huge loss in August.