By Dimitris Katsaganis Data – shock for the employment of postgraduate degree holders in Greece is provided by the report of the Strategy for the Upgrading of the Skills of the Workforce and the Interconnection with the Labor Market (Strategy of Skills of the Workforce) which was approved last week by the Ministry of Labour. […]
Tag: employment
USD/CAD pulls away from highs after US and Canadian jobs data, returns around 1.3000
USD/CAD rose in reaction to the positive NFP report from the US and the mixed jobs report from Canada. The rally in oil prices underpinned the loonie and continued to act as a headwind for the pair. Sustained strength beyond the 1.3075-1.3080 barrier is needed to confirm a breakout to the upside. The pair USD/CAD […]
EUR/USD trims losses after NFP figures, bounces back to 1.0150
EUR/USD extends bounce from previous cycle lows. US nonfarm payrolls increased by 372,000 jobs in June. The unemployment rate remained at 3.6%. Despite the rebound from the lows, the selling interest around the single currency remains strong and motivates the EUR/USD keep price action subdued around 1.0100/15 at the end of the week. EUR/USD continues […]
Canada: Economy unexpectedly loses 43,200 jobs in June
Net change in employment surprises negatively, with an unexpected drop. Low unemployment rate but for bad reasons. The loonie falls against the dollar, holds against other rivals. The canada june employment report showed figures below expectations. The net change in employment was negative at 43,200, which was surprising as an increase of 22,500 was expected. […]
US: Non-Farm Payrolls rise by 372,000 in June, surpassing the 268,000 expected
Nonfarm payrolls up 372,000 vs. 268,000 consensus. Unemployment rate remains at 3.6% in line with expectations. The dollar rises in the market after the economic figures. The official employment report of the United States June showed figures above expectations. Non-Farm Payrolls increased by 372,000 above the 268,000 market consensuseither. In May, 384,000 jobs had been […]
USA: New jobs exceeded estimates, unemployment at 3.6%
The U.S. economy continued to add new jobs in June at a pace that beat analysts’ estimates, keeping the unemployment rate near a 50-year low and easing concerns that aggressive U.S. interest rate hikes will also hurt employment. In particular, data released today by the US Labor Department showed that the economy added another 372,000 […]
US: Initial Jobless Claims Rise to Highest Level Since January
Initial requests for unemployment benefits rise to 235,000. Continued claims rise to nine-week highs. The dollar unchanged, with the DXY near 20-year highs. The United States Department of Labor reported that initial claims for unemployment benefits they increased by 4,000 in the week ending July 2 to 235,000. The data was above the 230,000 market […]
US job demand to show resilience as economy ‘cools’
U.S. employers likely added workers at a softer but still healthy pace last month as the jobless rate held near its lowest level in decades, suggesting resilient labor demand even as the economy cools, according to Bloomberg. The government’s latest payrolls report on Friday is expected to show an increase of 273,000 for June, based […]
US: Initial jobless claims rise to 231,000
No surprises from the weekly report of requests for unemployment benefits. Initial orders remain around 230,000. Continued orders decrease but less than expected. The United States Department of Labor reported that initial claims for unemployment benefits they fell by 2,000 in the week ended June 25 to 231,000, higher than the market consensus of 228,000. […]
Germany: Businesses increasingly reluctant to hire new staff (Ifo)
German companies are becoming increasingly reluctant to hire new staff, the Ifo Institute said. The institute’s employment barometer fell to 103.3 points in June from 104 points in May. However, the demand for labor remains high and the shortage of skilled workers remains a major problem for German companies, Ifo said. In manufacturing, the employment […]
