In another solid development in the Australian job market, the jobs report for February has shown that the change in employment in the country was +88,700 new jobs, almost tripling the 30,000 expected. The unemployment rate fell to 5.8%, much better than the 6.3% expected and down from the July peak of 7.5%. Jobs report […]
Tag: job
Net employment change in February exceeds 250,000, well above expectations
Canada’s employment report for February showedor figures well above expectations and drove CAD into the market. The cwithNet employment income was positive at 259,200, well above the 75,000 of the market consensus. Figures for January had shown a contraction of 212,800. February was the best month for job creation since September last year. The full-time […]
The recovery attempt stops near the break point of the previous support
USD / CAD is on a solid rally from the two-week lows, although there has been no continuation. The previous day’s break below a two-week range still favors bears. A sustained move above the 1.2625 region is needed to negate the negative outlook. A combination of supporting factors has helped the USD / CAD to […]
Yolanda DÃaz reactivates the negotiation on the labor reform and summons employers and unions next week
The Ministry will work with employers and unions in the “most urgent” parts of this reform, according to DÃaz herself. The Minister of Labor, Yolanda DÃaz, made progress during the press conference in which she announced the ‘Rider Law’, which will convene the dialogue table on labor reform on Wednesday, March 17th. Thus, the […]
JOLTS job vacancies rise to 6.9 million in January from 6.6 million expected
US JOLTS job openings continued to increase in January. The US Dollar Index remains in negative territory below 92.00 after the data. The number of vacancies on the last business day of January was 6.9 million, announced Thursday the U.S. Bureau of Labor Statistics in its latest Job Vacancy and Turnover Summary (JOLTS) Thursday. This […]
Unemployment Benefit Claims Fall More Than Expected, Lowest Since November
The U.S. Department of Labor reported that Initial claims for unemployment benefits fell by 42,000 to 712,000 in the week ending March 6. It is the lowest reading since early November and it was better than the market consensus which was 725,000. The continued unemployment benefit claims they fell by 193,000 to 4,144,000 in the […]
35 years and 231,000 million euros, the cost of gender inequality in Spain
If full gender equality existed in Spain, GDP would have been 18.5% higher in 2019 (230,847 million euros more) and now there would be no gap of 35.9% to close. If there were absolute equality between men and women, the gap in conciliation would not be 56%, or 35% in employment or 32% in education. […]
US Dollar Index Rises to 92.20 Following NFP Extraordinary Report
The DXY breaks above the 92.00 level and hits the 2021 highs. The US economy added nearly 380,000 jobs in February. The unemployment rate dropped to 6.2% (from 6.3%). The rise of the US dollar endlessly holding and trading at new 2021 highs by the 92.00 hurdle when tracked the US dollar index (DXY). Stronger […]
Initial claims for unemployment benefits rise slightly less than expected to 745,000
The Department of Labor reported that Initial claims for unemployment benefits increased by 9,000 in the week ending February 27 to 745,000. The market consensus was for a reading around 750,000. Regarding the continued unemployment benefit claims, they were down 124,000 to 4,295,000 in the week ending February 20. The data was better than expected, […]
Challenger job cuts fall to 34,531 in February from 79,552 in January
Challenger job cuts in the US fell sharply in February. The US Dollar DXY Index clings to gains above 91.10 after the data. Planned job cuts, at US-based employers, fell to 34,531 in February from 79,552 in January., Challenger Gray & Christmas announced in its latest job cuts report on Thursday. “Last month’s total is […]
