The weekly report of requests for unemployment benefits registered figures below expectations. Initial orders, expected to shrink to 730,000, stood at 778,000, after rising 30,000 in the week ending November 21. It is the highest level in the last five weeks. Regarding whats continued orders, these fell by 299,000 in the week ended November 14 […]
Tag: job
ADP report shows drop in employment of 79,500 in October
The Canada’s October ADP employment report showed a negative change in payrolls of 79,500, the research institute reported. September data was revised negatively from -240,800 to -564,400. The report had no impact on the loonie (CAD). Large revisions make data interpretation difficult from month to month. . Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is […]
Initial claims for unemployment benefit unexpectedly rise last week to 742,000
Initial claims for unemployment benefit rise unexpectedly. Continued orders fall more than estimates to new lows since March. The Labor Department reported Thursday that Initial claims for unemployment benefits increased by 31,000 in the week ended November 14 to 742,000. The market consensus was for a reading of 707,000. In this way, the initial orders […]
AUD / USD with modest losses below 0.7300 level, lacks continuation
A modest short hedging move in the USD puts some pressure on the AUD / USD. The pair’s bulls ignore the optimistic details in the Australian jobs report. Pessimistic expectations from the Fed could limit the USD and help limit the pair’s slide. The pair AUD/USD moves with a negative bias at the start of […]
Australia creates 178,800 jobs in October, well above expectations; AUD / USD maintains negative tone
Australia created 178,800 jobs in October, positively surprising the market, which expected a loss of 30,000 jobs. In September, 29,500 jobs had been lost. October is the best job creation figure since last June. Of the 178,800 jobs created, 97,000 were full-time and 81,800 part-time. The participation rate rose to 65.8% from 64.8% previously, exceeding […]
Entrepreneurs ask Pedro Sánchez for an urgent decree to temporarily modify laws to speed up European aid
The opportunity that the significant stimulus of European aid represents for Spain and its companies –140,000 million euros to be distributed over six years– must be taken advantage of. And for this, it is necessary, according to businessmen, that the Executive streamline the procedures that allow access, as soon as possible, to such aid. […]
Catalan administrations’ non-payments to social entities soar during the coronavirus pandemic
The employers of the entities that watch over the vulnerable population warn that the public administrations now owe them 62% more for work rendered and pending subsidies than at the beginning of the pandemic. The Confederation of the Third Sector calculates that the amounts to be paid to associations and companies that cover public services […]
Unemployment benefit requests fall more than expected to lows since March
The Department of Labor reported that Initial claims for unemployment benefits dropped by 48,000 in the week ending November 7 up to 709,000, by below the 735,000 of the market consensus. Regarding the continued orders, fell by 436,000 to 6,786,000 in the week of October 31, a number also lower than what the market expected. […]
USA: Labor market still under severe stress, signs of improvement
Job offers improved modestly through September, but remain depressed, they noted Wells Fargo analysts. They point out that the most recent data suggest that labor demand remains weak and suggest that the recovery in employment will be slow in the short term. Key statements: “Job openings rose to 6.44 million in September from a downwardly […]
Job offers and job rotation survey changes little to 6.4 million in September
JOLTS job postings changed little in September. The US dollar DXY index falls towards 92.60 after this data. The number of job vacancies in the US stood at 6.4 million on the last business day of September, as reported by the US Bureau of Labor Statistics in its latest survey of job openings and job […]
