Unemployment

Kenya's unemployment rate will worsen in 2024 compared to last year, reflecting a difficult economic environment marked by slowing business activity and a hiring freeze, a World Bank assessment showed. In a new report, the World Bank…

High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss.…

The Federal Reserve Bank of Kansas City's annual economic symposium, held in Jackson Hole, Wyoming, is coming to a close. Here are some key takeaways from the conference: Powell's Axis Federal Reserve Chairman Jerome Powell's…

The Australian labour market report is due at 11.30am Sydney time.0130 GMT2130 EST (Wednesday)The unemployment rate is expected to remain steady at 4.1%. Yesterday, a special study conducted by Roy Morgan published its unemployment report…

High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss.…

precedent 4.3%Employment change -140k vs. -100k expectedBefore -177 thousandAverage weekly income is +5.9% vs. +5.7% 3-month/year forecastPrevious +5.7%; Revised to +5.9%Average weekly income is +6.0% vs. +6.1% 3-month/year…

The US jobs report came out stronger, but again there were some ambiguous/less strong elements.Nonfarm Payrolls rose 272K versus estimates of 185K. Private salaries increased by 229,000 compared to 170,000 according to estimatesAverage…

The New Zealand economy unexpectedly lost jobs by 0.2% on a quarterly basis in the first quarter of 2024, raising the unemployment rate from 4.0% to 4.3% over the period. The principal components revealed that the labor force…

Markets:Gold up $18 to $2177US 10-year yields down 1.3 bps to 4.08%WTI crude oil down $1.07 to $77.86S&P 500 down 33 points, or 0.6%, to 5123JPY leads, CAD lagsI'm always leery of a pre-NFP front run and today is an example of why. The…

Fed's BosticRise in unemployment would be far less than would be typical in the case given the reduction in inflationFed is in a very strong position right nowFed can let restrictive policy continue to work to slow down inflation; expect…