The Department of Labor reported that Initial claims for unemployment benefits fell by 89,000 in the week ended December 19 to 803,000. The data was better than expected which was for a reading of 885,000. Regarding the continued ordersThese fell by 170,000 in the week ended December 12 to 5,337,000, lower than the market consensus […]
Tag: job
ADP employment report shows first increase in jobs since February
The Canadian Labor Market Report prepared by ADP showed an increase in employment from October to November of 40,800. The data is the first positive figure since February of this year. In October, recorded a drop in employment of 383,500. The data was revised from an initial decline of 79,500. The report had no impact […]
Initial Unemployment Benefit Claims Rise to Highs Since Early September
The U.S. Department of Labor reported that Initial claims for unemployment benefits increased by 23,000 in the week ended December 12 to 885,000, being that the market consensus was for a reading of 800,000. It is the second consecutive weekly rise and the highest figure since September. Regarding the continued orders, a decrease of 273,000 […]
Australia surprises positively with the creation of 90,000 jobs in November; AUD / USD rises to new two-year highs above 0.7600
Australia created 90,000 jobs in November, well above the 50,000 expected. In October, the number of new jobs grew by 178,800. Of the 90,000 jobs, 84,200 were full-time and only 5,800 part-time. The unemployment rate fell two tenths, standing at 6.8% compared to the previous and forecast 7%. This is the lowest rate seen by […]
Recovery stops just above 0.9100
The EUR / GBP is moving within a choppy range between 0.9120 and 0.9100. The three-week-old uptrend line and the 200-period SMA will test the bears. Mixed UK employment data does little to influence or provide a significant boost to the pair. The EUR / GBP cross remains within a range of about 20 pips, […]
GBP / USD remains steady below 1.3350 after UK employment data
Renewed hopes for a possible last-minute Brexit deal help GBP / USD regain traction on Tuesday. Hopes for the COVID-19 vaccine and expectations of more US stimulus weigh on the USD and remain supportive for the pair. Mixed UK employment data does little to influence or provide a significant boost to the pair. The pair […]
Unemployment claims worsen forecasts in November, wages improve
The Unemployment claims in the UK increased by 64,300 during the month of November, notably worsening the 50,000 expected after the number of claimants fell by 29,800 in October. November reading is the worst recorded in the last four months, specifically since last July. The ILO unemployment rate increased one tenth in October, rising to […]
Santander will take early retirement for 50 years to reduce its workforce by 3,572 employees and ‘outsource’ to another 1,100
Banco Santander and the unions have reached an agreement in principle in the ERE that have been negotiating for weeks to reduce the group’s workforce by 3,572 people. The financial entity has agreed in its final proposal to lower the age of ‘early retirement’ to 50 years of age, paying Social Security contributions to those […]
Initial jobless claims soar to 10-week highs
The Department of Labor reported that initial claims for unemployment benefits increased by 137,000 in the week ended December 5 to 853,000, the highest level since mid-September. The data was much larger than the expected 725,000. Regarding the continued orders these increased by 230,000 in the week ended November 28, to 5,757,000. The expectation was […]
The future of work: more teleworking and longer hours but fewer meetings and work trips
The pandemic will mean, also for the labor market, a before and an after. Can we even glimpse how we will work in our companies in the post-Covid world? Because, teleworking is here to stay? Will working hours definitely change? These are some of the questions that the recent report of the Future for Work […]
