News
Entertainment
Science & Technology
Life
Culture & Art
Hobbies
News
Entertainment
Science & Technology
Culture & Art
Hobbies
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.
Macro background: why this print matters now The August payrolls report delivered a major downside surprise: only +22k jobs versus a consensus of +75k. The unemployment rate edged up to 4.3%
22,000. That’s how many jobs the US economy added last month. A meagre 22K new nonfarm jobs – far weaker than analysts expected. Prior months’ revisions even showed the US economy lost jobs in June. The unemployment rate climbed to 4.3% as anticipated, while the participation rate ticked slightly higher – but not enough to improve the outlook. On the contrary, the US labour market is expected to deteriorate further amid mass deportations, restrained immigration and tariff-related uncertainty. Manufacturing shed another 12K jobs in July, suggesting the bleeding may continue before production and employment eventually shift back to the US – though many of those factory-floor jobs will likely be replaced by robots.
On Friday, disappointing figures showed that in August the Canadian economy lost 65,500 jobs (the forecast had been for an increase of 10,000), while the unemployment rate rose to 7.1%. This is the highest level of unemployment since May 2016, excluding the pandemic period. It is believed
Canada's employment report pointed to a deteriorating labor market. Employment fell by 66 thousand and the unemployment rate rose to 7.1%. In the US, nonfam payrolls dropped to 22 thousand, down from a revised 79 thousand and missing the market estimate of 75 thousand.
THE PESO SLIPPED past the P57-a-dollar mark on Wednesday as traders reacted to weaker domestic economic data, including a higher unemployment rate and slower foreign direct investments (FDI). It closed at P57.125 against the greenback, down 14.5 centavos from P56.98 on Tuesday, according to data from the Bankers Association of the Philippines website. The peso […]
Traditional economic indications, such as interest and unemployment rates, are sending conflicting signals about the state and future of the global economy. In this issue of the HBR Executive Agenda, HBR editor at large Adi Ignatius asked CEOs from HBR Executive’s Advisory Council to share which metrics they follow to stay ahead of the competition.