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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.
Baystreet.ca - Why the Fed Will Cut Rates After November's Job Report
Last Friday, the Bureau of Labor Statistics posted strong jobs data for November 2024. Job growth increased, rebounding from hurricanes and strike disruptions in October. However, the unemployment rate rose to 4.1%, up from 4.0%. The increase might give ...
BoC to flash rates by 50bps again in quick path to neutral - Action Forex
BoC is widely anticipated to lower its overnight rate by another 50bps at today’s meeting, reducing the policy rate to 3.25%. This follows a similar move in October, aimed at addressing a cooling economy where inflation has been at or below 2% for three months already, and core measures remain slightly above target. Last week’s data showing unemployment rate jumping to 6.8% from 6.5% solidified expectations of a significant rate reduction.
European Shares Set For Weak Open Ahead Of US CPI Data - ForexTV
European markets are expected to open mostly down on Wednesday as investors focus on upcoming significant U.S. inflation data and the European Central Bank's interest rate decision.The highly anticipated U.S. consumer price index (CPI) report is scheduled for release later today. Analysts predict that consumer prices in the U.S. will have increased by 0.2% for the fifth consecutive month in November. Year-over-year consumer price growth is projected to rise to 2.7% from October's 2.6%. Core CPI, which removes the more volatile food and energy prices, is anticipated to ascend by 0.3% for the fourth month in a row, maintaining an annual growth rate of 3.3%.These consumer inflation figures, alongside producer price data expected on Thursday, could influence future U.S. interest rate forecasts. The CME Group's FedWatch Tool indicates that markets are currently anticipating an 85% probability of a Federal Reserve rate cut next week. There remains significant uncertainty about the Fed's interest rate path in the coming year.Meanwhile, the Bank of Canada is poised to reduce interest rates by 50 basis points in a meeting today, following a sharp increase in Canada's unemployment rate to an eight-year peak in November. Market expectations are set for a 25-basis point rate cut from the European Central Bank and a 50-basis point reduction by the Swiss National Bank on Thursday.In Asia, stock markets showed mixed results as Chinese policymakers gathered in Beijing to establish economic policies and targets for the next year. The Asian Development Bank's latest Asian Development Outlook highlighted potential risks from shifts in U.S. trade, fiscal, and immigration policies, which could impede growth and increase inflation in emerging Asian markets.The USD saw a slight dip during Asian trading, while gold remained stable and approached a two-week high amid close monitoring of escalating conflict in Syria. On Tuesday, the Israeli military declared it executed around 480 airstrikes over 48 hours, targeting vital military locations across Syria. This followed the recent collapse of President Bashar al-Assad's government.Oil prices edged up ahead of OPEC's monthly report, which will offer insights into market conditions. Furthermore, market participants responded to reports of the U.S. contemplating stricter sanctions on Russia's oil trade to hinder its war activities, potentially focusing on particular exports.On Wall Street, U.S. stocks closed lower overnight as initial gains dissipated ahead of the crucial CPI report expected to show another increase in the annualized figure. The Dow Jones Industrial Average fell by 0.4%, while both the Nasdaq Composite and the S&P 500 each declined by approximately 0.3%.In Europe, markets ended lower on Tuesday, breaking an eight-session losing streak, after disappointing Chinese trade data underscored mounting trade issues. The pan-European STOXX 600 dropped by 0.5%. Meanwhile, Germany's DAX barely nudged downwards, France's CAC 40 fell by 1.1%, and the UK's FTSE 100 decreased by 0.9%.The material has been provided by InstaForex Company - www.instaforex.com
UK Unemployment Rate Holds Steady at 4.3% in October - ForexTV
In its latest economic update, the United Kingdom has maintained an unemployment rate of 4.3% for the month of October, unchanged from September 2024. The consistent unemployment figure reflects a stable job market amidst global uncertainties and serves as an indicator of the country's economic resilience.The Office for National Statistics (ONS) released this update on December 17, 2024, providing a level-headed snapshot of the labor market as the UK gears up for a new year. Despite concerns about inflationary pressures and the broader European economic climate, the steady jobless rate suggests that employers have managed to retain existing workforce levels.Economists are keenly observing this trend, particularly as the UK is navigating post-Brexit economic realignments and sectoral shifts. Although the stagnant rate may not signify vigorous job growth, it does indicate that UK's employment scenario remains stable, offering a platform for potential future growth as businesses and policymakers continue to strategize for economic advancement in 2025.The material has been provided by InstaForex Company - www.instaforex.com
Read the December FOMC Statement
Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has moved up but remains low. Inflation has made progress toward the Committee's 2 percent objective but remain