labor market News

Surprising Spike: US Jobless Claims Jump to 217,000, Defying Analyst Predictions

The US saw an unexpected rise in jobless claims to 217,000 for the week ending January 11, surpassing analysts' predictions. Despite this, the 4-week moving average decreased, hint...

Boston Fed's Susan Collins Advocates for Gradual Monetary Policy Amid Inflation Concerns

Susan Collins, President of the Federal Reserve Bank of Boston, emphasizes a cautious approach to monetary policy, noting the resilience of the labor market and the persistence of ...

Janet Yellen Suggests COVID-19 Stimulus May Have Slightly Fueled Inflation

Treasury Secretary Janet Yellen discusses the potential impact of COVID-19 stimulus measures on inflation, emphasizing the pandemic's role as the main driver. She also comments on ...

Eurozone Unemployment Hits a New Low: Drops to 6.3% in November

The Eurozone's unemployment rate has decreased to 6.3% in November, signaling a positive shift in the labor market. This improvement is attributed to increased economic activity an...

Italy's Unemployment Rate Drops to 5.7% in November, Beating Expectations

Italy's unemployment rate decreased to 5.7% in November, a positive shift that exceeded analysts' expectations, indicating potential economic recovery and resilience.

Federal Reserve's Lisa Cook Hints at Gradual Rate Cuts Amid Economic Stability

Federal Reserve Governor Lisa Cook indicates a move towards gradual rate cuts as inflation and labor market dynamics stabilize, while highlighting future financial stability concer...

December Sees a Significant Drop in Spain's Unemployment Rates by 0.98%

Spain's unemployment rate decreased by 0.98% in December, with 25,300 fewer people unemployed, bringing the total to 2,560,718. This improvement indicates a positive trend in the l...

Hanoi Sets Ambitious Goal: 169,000 New Jobs by 2025 to Boost Economy

Hanoi aims to create 169,000 new jobs by 2025 through comprehensive policies and solutions. The city plans to ensure social welfare, develop the labor market, and strengthen the wo...

Fed's Goolsbee: Inflation to Shape Future Interest Rates

Fed's Goolsbee predicts inflation and unemployment will shape monetary policy, with a judicious loosening expected by 2025. He emphasizes maintaining labor market stability and adj...

Fed Rate Cut: A Close Call, But the Right Move Says Powell

Fed Chair Jerome Powell states the recent interest rate cut was a close call but the right decision, citing easing labor market, declining inflation, and balanced risks.

Fed Anticipated to Announce Third Consecutive 25bps Rate Cut Amid Economic Indicators

Experts anticipate the Federal Reserve will announce a third consecutive 25bps rate cut, influenced by recent inflation rise, economic activity growth estimates, and labor market s...

Decline in Income Mobility: Only 17.6% Saw Income Increase in 2022

Statistics Korea reports that only 17.6% of respondents moved into a higher income quintile in 2022, marking a decline in upward social mobility. The data highlights income inequal...

Hong Kong's Unemployment Rate Stays at 3.1%: What's Behind the Stability?

Hong Kong's seasonally adjusted unemployment rate stayed at 3.1% in the September-November period, with the government noting potential sector-specific impacts from global economic...

US Jobless Claims Surge: A Closer Look at the Latest Employment Data

The Department of Labor reports a significant increase in US initial jobless claims, reaching 242,000 and surpassing analysts' forecasts. The four-week moving average also climbed,...

Gold Resists Hawkish Powell's Impact Amid Data-Heavy Week

Gold held its ground on Monday as investors digested hawkish comments from Federal Reserve Chair Jerome Powell before a slew of U.S. economic data this week that is expected to she...