Unemployment
China’s youth unemployment rate falls after climbing for two straight months
A person rides a bicycle with a child sitting in the basket in Beijing, China July 14, 2024. Tingshu Wang | Reuters The jobless rate for 16-to-24-year olds in China, excluding students, fell to 17.6% in September from 18.8% a month prior, official data showed on Tuesday, offering officials relief after youth unemployment hit fresh highs for two […]
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U.S. job creation totaled 254,000 in September, much better than expected
The U.S. economy added far more jobs than expected in September, pointing to a vital employment picture as the unemployment rate edged lower, the Labor Department reported Friday. Nonfarm payrolls surged by 254,000 for the month, up from a revised 159,000 in August and better than the 150,000 Dow Jones consensus forecast. The unemployment rate […]
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U.S. job market slows, but it’s not yet a ‘three-alarm fire,’ economist says
Key Points Employers added 142,000 jobs in August, less than expected. The unemployment rate declined to 4.2%, according to the Bureau of Labor Statistics jobs report. The U.S. job market has slowed considerably over the past year or so. The Federal Reserve has raised interest rates to tame inflation. If the labor market continues to […]
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August payrolls grew by a less-than-expected 142,000, but unemployment rate ticked down to 4.2%
The U.S. economy created slightly fewer jobs than expected in August, reflecting a slowing labor market while also clearing the way for the Federal Reserve to lower interest rates later this month. Nonfarm payrolls expanded by 142,000 during the month, down from 89,000 in July and below the 161,000 consensus forecast from Dow Jones, according […]
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Friday’s jobs report for August is going to be huge. Here’s what to expect
Andreypopov | Istock | Getty Images Wall Street is gearing up for one of the most important economic releases of the year Friday, when the Labor Department puts out a jobs report expected to go a long way in determining the future of Federal Reserve policy. The Wall Street consensus is for nonfarm payrolls growth […]
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The Fed now will focus on the employment part of its mission — and for good reason
Federal Reserve officials have made it clear that they are turning their attention from a focus squarely on inflation to at least an equal concern about unemployment, and the latest data shows their concern is well placed. Various indicators are pointing to a labor market that, if not in outright deterioration, is at least slowing. […]
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Nonfarm payroll growth revised down by 818,000, Labor Department says
The U.S. economy created 818,000 fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department reported Wednesday. As part of its preliminary annual benchmark revisions to the nonfarm payroll numbers, the Bureau of Labor Statistics said the actual job growth was nearly 30% less than the initially reported 2.9 million […]
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In major policy shift, Singapore announces unemployment support scheme
Singapore’s new Prime Minister Lawrence Wong makes a speech after being sworn in at the Istana in Singapore on May 15, 2024. Edgar Su | Afp | Getty Images SINGAPORE — The Lion City is set to launch an unemployment support scheme for workers who have been laid off or are involuntarily unemployed. The country’s […]
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CNBC Daily Open: Data and earnings ease recession fears
Traders work on the floor of the New York Stock Exchange. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. […]
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CNBC Daily Open: Live long and prosper
Traders work on the floor of the New York Stock Exchange during morning trading on May 31, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
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