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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.
The US employment report was again mixed. Continued rise in unemployment rate, benign wage growth and decline in ISM services/factory orders lifted Federal Reserve (Fed) rate cut expectations, UOB Group Senior Economist Alvin Liew notes.
U.S. oilfield services jobs saw another month of job gains in June, pointing to continued improvement in the energy sector job market, while overall U.S. jobs growth moderates and the unemployment rate rises. The U.S. oilfield services sector saw ...
In June, UK payrolled employment rose 16k or 0.1% mom. Median monthly pay increased 3.6%, sharply lower than prior month's 6.0% yoy. This sharper than usual slow down in pay growth is partly because of the comparison with June 2023, which figure was inflated by pay settlements made in the health sector. Claimant count rose 32.3k versus expectation of 23.4k.
It was a relatively quiet week in Australia, with the June Labour Force Survey the only market sensitive date release. The main surprise in the report was labour supply’s strength, evinced by the participation rate printing its second-highest read for the cycle at 66.9%. The level of employment also rose at a solid clip in June, up +50.2k for a cumulative gain of a quarter-million over H1 2024, the same pace as H1 2023 when the labour market was much ‘tighter’. It is worth noting that employment is behaving as expected given the trend in participation – the percentage increase in both measures over the last three months is well within the historical range. While both were robust, labour supply slightly outstripped demand in the month, resulting in the unemployment rate just rounding up to 4.1%.