US economy on solid ground as weekly jobless claims fall, home sales surge
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, while sales of previously owned homes increased by the most in a…
South Korea jobless rate climbs to near 2-year high in December
SEOUL (Reuters) – South Korea’s jobless rate rose to a near two-year high in December, official data showed on Wednesday. The country’s unemployment rate stood at 3.3% on a seasonally adjusted basis,…
Japan November jobless rate flat at 2.5%
TOKYO (Reuters) – Japan’s jobless rate was unchanged at 2.5% in November from the previous month, government data showed on Tuesday. The seasonally adjusted unemployment rate matched economists’ median forecast of 2.5%…
CBO projects 1.5% U.S. GDP growth in 2024, 4.4% jobless rate
(Reuters) – The Congressional Budget Office projects U.S. economic growth to slow to 1.5% in 2024, with the unemployment rate seen rising to 4.4% next year from what it estimates will be…
Marketmind: Markets freeze for jobless recession gauge
A look at the day ahead in U.S. and global markets from Mike Dolan With investors trying to read recessionary warnings from softening U.S. labor market signals all week, the outsize importance…
Israel’s jobless rate spikes to 9.6% in Oct due to Hamas war
JERUSALEM (Reuters) – Israel’s jobless rate surged to near 10% in October, the Central Bureau of Statistics said on Monday, after the outbreak of war with Palestinian Hamas militants led to tens…
Fed’s Goolsbee sees inflation falling fast without jobless surge
(Reuters) – U.S. inflation is cooling at what could prove to be its fastest pace in at least 40 years, if not longer, with only a limited rise in the unemployment rate,…
US weekly jobless claims at nine-month low; labor market remains tight
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell to a nine-month low last week, indicating that strong job growth persisted in October as…
Corona Man Sentenced to Nearly 6 Years in Prison for Scheme that Fraudulently Obtained $2.1 Million in COVID Jobless Benefits
RIVERSIDE, California – A Riverside County man was sentenced today to 68 months in federal prison for orchestrating a scheme to obtain more than $2.1 million in pandemic-related unemployment insurance (UI) benefits…
Spain’s September jobless rise 0.73% from August to 2.72 million
(Reuters) – The number of people registering as jobless in Spain rose 0.73% in September from a month earlier, or by 19,768, leaving a total of 2.72 million people out of work,…
Brazil’s jobless rate drops to 7.8% in quarter through August
SAO PAULO (Reuters) – Brazil’s jobless rate dropped for the fifth consecutive rolling quarter in the three months ended in August, reaching its lowest since early 2015 as the labor market in…
US retail sales, produces prices rise; jobless claims lower than forecast
NEW YORK (Reuters) -A slew of U.S. economic data on Thursday showed stronger-than-expected numbers that stoked worries about sticky inflation and reinforced the view that the Federal Reserve is likely to keep…
Canada gains 39,900 jobs in August, jobless rate holds at 5.5%
(Reuters) – Canada’s economy gained a net 39,900 jobs in August, largely in full-time work, and the jobless rate held at 5.5%, Statistics Canada data showed on Friday. Employment in the goods…
Spain’s August jobless rises 0.93% from July to 2.70 million
(Reuters) – The number of people registering as jobless in Spain rose by 0.93% in August from a month earlier, or by 24,826, leaving a total of 2.70 million people out of…
Russian jobless rate hits new record low in strained labour market
(Reuters) – Russian unemployment hit a new record low in June and real wages rose by 10.5% year on year in further evidence of a tight labour market, data released on Wednesday…
Japan’s July jobless rate rises to 2.7%
TOKYO (Reuters) – Japan’s jobless rate rose to 2.7% in July from the previous month, government data showed on Tuesday. The seasonally adjusted unemployment rate was higher than economists’ median forecast of…
Brazil’s jobless rate hits lowest since 2014 for a quarter through June
SAO PAULO (Reuters) – Brazil’s jobless rate fell in the quarter through June to its lowest level for the period in nine years, statistics agency IBGE said on Friday, underscoring the labor…
Japan’s jobless rate flat at 2.6% in May
TOKYO (Reuters) – Japan’s jobless rate was flat at 2.6% in May from the previous month, government data showed on Friday. The seasonally adjusted unemployment rate also matched economists’ median forecast of…
Desperately seeking staff: Paris Airshow lets jobless in for free
By Allison Lampert and Tim Hepher PARIS (Reuters) – Jean Blondin usually attends the world’s largest air show to find new contracts. This year, he has made the journey from Canada to…
Canada loses 17,300 jobs in May, jobless rate rises to 5.2%
TORONTO (Reuters) – Canada’s economy lost a net 17,300 jobs in May, entirely in full-time work, and the jobless rate rose to 5.2%, Statistics Canada data showed on Friday. Analysts had forecast…
Jobless Claims Soar To Highest Levels Since 2021
Jobless Claims Soar To Highest Levels Since 2021 Jason Cohen on June 8, 2023 The number of Americans who filed new unemployment claims increased more than expected to 261,000 in the week…
Japan’s jobless rate falls to 2.6% in April
TOKYO (Reuters) – Japan’s jobless rate fell to 2.6% in April from 2.8% in the previous month, government data showed on Tuesday. The seasonally adjusted unemployment rate was below economists’ median forecast…
Thai jobless rate lowest in 3 years in Q1 as tourism rebounds
BANGKOK (Reuters) – Thailand’s unemployment rate hit a three-year low in the first quarter, the state planning agency said on Monday, declining to 1.05% from 1.15% in the last three months of…
Fraud in Massachusetts is boosting US weekly jobless claims, economists say
WASHINGTON (Reuters) – Fraudulent filings for state unemployment insurance aid in Massachusetts could be distorting U.S. weekly unemployment claims data, economists warned on Wednesday, making it harder to get a clear picture…
Instant View: Canada gains 41,400 jobs in April, jobless rate holds at 5.0%
TORONTO (Reuters) – Canada’s economy gained a net 41,400 jobs in April, entirely in part-time work and ahead of analyst forecasts, Statistics Canada data showed on Friday. The jobless rate held at…
Italy March jobless rate edges down to 7.8%, lowest since April 2020
ROME, May 3 (Reuters) – Italy’s unemployment rate edged down to 7.8% in March from 7.9% in February, data showed on Wednesday, as some 22,000 jobs were created in the month. The…
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