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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.
If the reaction in U.S. stocks, bonds and the dollar to Friday's sizzling U.S. employment report is any guide, Asian markets are in for a bumpy ride on Monday, rocked by another whoosh higher in bond yields and inflation fears. The U.S. economy created over a quarter of a million net new jobs and the unemployment rate fell last month, reflecting a robust labor market. The S&P 500 fell to its lowest since November 5, the day of the U.S. presidential election, and it looks like soaring bond yields could crush investors' appetite for risky assets like stocks.
NEW YORK (Reuters) -A recent surge in U.S. Treasury yields may gain even more momentum after a strong jobs report reinforced expectations that interest rates will stay high for longer and raised the spectre of benchmark 10-year yields hitting 5% — a level that some fear could rattle broader markets. Friday’s jobs report revealed that employers added 256,000 jobs in December, well above economists’ forecasts, while the unemployment rate dropped, bolstering market expectations that the Federal Reserve will maintain elevated interest rates to curb economic overheating. That news dashed investors' hopes for some respite from a sharp rise in Treasury yields that has wobbled stocks since the beginning of the year.
Canada’s labour market surprised to the upside in December, adding 91,000 jobs and lowering the unemployment rate by 0.1 percentage points to 6.7%. The number of jobs created in December, and the decline in the unemployment rate, each beat the ...
Australia’s labor market displayed resilience in December as employment surged by 56.3k, significantly exceeding expectations of a 15.0k increase. Number of unemployed people also rose by 10.3k, contributing to a slight uptick in the unemployment rate from 3.9% to 4.0%, in line with forecasts.
The employment landscape of the United Kingdom has witnessed a slight uptick in its unemployment rate, as new data reveals an increase from 4.3% in October to 4.4% in November 2024. This updated figure, released on 21 January 2025, offers fresh insight into the nation's economic dynamics as it progresses through the final quarter of the year.The increase, albeit marginal, points to modest changes in the job market environment during November. Analysts are closely watching these figures, seeking to understand underlying factors that might be contributing to the current trend. Whether these changes indicate a brief fluctuation or potentially a longer-term adjustment will be of keen interest to economists and policy-makers alike.As the UK navigates through a complex post-pandemic recovery phase, subtle movements in unemployment rates are likely to signal broader economic health indicators. The 0.1% rise may prompt discussions on future policy strategies aimed at sustaining employment growth while addressing challenges that could impede the labour market. With this new data, stakeholders can better assess the employment situation and plan accordingly going forward.The material has been provided by InstaForex Company - www.instaforex.com
This morning brought us up to date with the latest news on the UK labour market. With the recent rise in employment taxes in the Budget from Chancellor Rachel Reeves most eyes will have been attracted to this bit. The UK unemployment rate for people aged 16 years and over was estimated at 4.4% in…