UK Unemployment Claims for October fell 29,800 from +36,000 expected UK wages, excluding bonuses, were up 1.9% yoy versus 1.5% expected. The unemployment rate in the UK rises to 4.8% in September. The Office for National Statistics (ONS) showed Tuesday that the UK’s official unemployment rate rose to 4.8% in September versus 4.5% previously, matching […]
Tag: job
Canada: The recovery of the labor market has a long way to go, job creation is ideal to return to a more normal level
Data released Friday in Canada showed a positive net change in employment of 84,000 and a decline in the unemployment rate to 8.9%. According to analysts at the National Bank of Canada, the recovery of the labor market has a long way to go and they see that job creation will begin to decline to […]
USD / CAD hits 2-month lows, watches 1.3000 as Biden lead widens
Loonie among the best performers of the American session on Friday. USD / CAD about to post the lowest weekly close since December 2019. The USD / CAD it fell further and touched 1.3021, reaching the lowest level since 1 September. It remains close to the ground, under pressure and on its way to the […]
USD / CAD struggles near 1.3050 following US / Canadian employment data
The appearance of some new USD selling limited the USD / CAD recovery attempt. US political headlines remain the key driver of sentiment surrounding the dollar. The USD bulls did not seem impressed and ignored the upbeat monthly US jobs report. Weaker oil prices and disappointing details from the Canadian employment report helped limit the […]
Economy created 83,600 jobs in October, less than the 100,000 expected
Canada’s labor market figures were around below expectationyes, although without generating big surprises. The Net change in employment was positive at 83,600, below the consensus of 100,000, and lower than the 378,200 in September. The unemployment rate went from 9% to 8.9%, higher than the 8.8% expected. The labor participation rate rose from 65% to […]
Initial unemployment benefit requests fall less than expected, hitting lows since March
The U.S. Department of Labor reported that initial claims for unemployment benefits They were 751,000 in the week ended October 31, which represented a 7,000 drop from the previous one. The data was above the 732,000 of the market consensus. Regarding the continued orders, These also showed higher than expected figures, although closer to being […]
Challenger job cuts decline to a 7-month low of 80,666 in October
Challenger job cuts in the US declined sharply in October. The US Dollar DXY Index continues to decline below 93.00. Planned job cuts at US-based employers fell to 80,666 in October from 118,804 in September, Challenger Gray & Christmas announced in its latest Job Cut Report on Thursday. “The October total is 32% lower than […]
UK to announce extension of employment support program until March
UK Finance Minister Rishi Sunak is expected to announce the extension of the employment support plan (furlough) until March, Reuters reported Thursday, citing BBC political correspondent Nick Eardley. Eardley further noted that it is unclear if the scheme will remain unchanged, with the state covering up to 80% of the salaries of affected employees. Market […]
Private sector increases employment by 365,000 in October according to ADP, below expectations of 650,000
The ADP’s private sector payroll report showed a positive change in employment of 365,000, figure below the market consensus of 650,000. In September, the rise of 753,000, revised up from 749,000. “The labor market continued to add jobs, at a lower rate,” said AhuYildirmaz, vice president and co-head of ADP Research Institute. He clarified that […]
Unemployment rate rises to 5.3% in the third quarter, in line with expectations
The New Zealand unemployment rate rose from 4.0% to 5.3% in the third quarter, in line with expectations. The labor participation rate rose from 69.9% to 70.1%. The change in employment It was negative at 0.8%, higher than the 0.7% drop of the market consensus, compared to a year ago, it registered an increase of […]
