Category: Jobless
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UK jobless rate edges higher as Reeves’s tax rise stalls hiring
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Unemployment rates rose in the UK while the number of job vacancies fell to their lowest level in more than three years, suggesting employers have pulled back on hiring after Chancellor Rachel Reeves’ October budget raised National Insurance contributions. New figures from the Office for National Statistics (ONS) show the…
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US initial jobless claims 258K vs 230K estimate
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The previous week 225 thousand Initial jobless claims are 258,000 vs. 230,000 estimated The four-week moving average of initial jobless claims was 231K vs. 224.25K The previous week’s continuing claims of 1.826 million were revised to 1.819 million Continuing claims 1.861 million vs. 1.830 million estimate 4-week moving average for…
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US weekly initial jobless claims 225K versus 220K expected
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Russell 2000 Technical Analysis – Good jobless claims quell the fears
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Basic Overview The Russell 2000 index rose strongly from yesterday’s lows after the release of strong US jobless claims figures, as the data eased some concerns about the labor market after last Friday’s weak US nonfarm payrolls report. Market expectations for a rate cut have eased slightly but remain very…
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Dollar slips ahead of jobless claims; recession fears rise By Investing.com
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Investing.com – The U.S. dollar fell on Thursday as traders began to factor in aggressive monetary easing by the Federal Reserve to combat a slowing economy. At 04:10 ET (09:10 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.2% at 102.802,…
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US initial jobless claim 222K vs 236K estimate
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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. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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U.S. Final Q1 GDP, Durable Goods Orders, And Initial Jobless Claims Reports Showed Weaknesses
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The final reading for Uncle Sam’s growth in the first quarter of 2024 came in at 1.4%, higher than the second estimate of 1.3% but still below the advanced reading of 1.6%. Data from the Bureau of Economic Analysis indicate that weakness in primary metals (for durable goods manufacturing) and…
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U.S. Final Q1 GDP, Durable Goods Orders, And Initial Jobless Claims Reports Showed Weaknesses
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The final reading for Uncle Sam’s growth in the first quarter of 2024 came in at 1.4%, higher than the second estimate of 1.3% but still below the advanced reading of 1.6%. Data from the Bureau of Economic Analysis indicate that weakness in primary metals (for durable goods manufacturing) and…
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U.S. Q1 GDP Revised Lower, GDP Prices and Jobless Claims Disappointed
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US economic growth for the first quarter of 2024 was revised down in the second estimate, with annual GDP now at just 1.3% when markets expected it to maintain its initial reading of 1.6%. According to the Bureau of Economic Analysis, the downward revision “It primarily reflects a downward revision…
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Jobless figures indicate tight labor market in Israel
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The Central Bureau of Statistics announced today that the unemployment rate in Israel remained unchanged in April at 3.4%. Seasonally adjusted figures show a slight increase of 0.1% in the proportion of people aged 15 and over in the labor force. The broad unemployment rate, which includes those on unpaid…
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Initial jobless claims dip to 222,000 last week, but still above estimates By Investing.com
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Investing.com – The number of Americans filing for unemployment benefits for the first time was higher than expected last week, although the number was down from the previous period. In the United States it fell to 222,000 in the week ending May 11, down from an upwardly revised total of…
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Australian Economy Added 38.5K Jobs in April, But Jobless Rate Ticked Higher
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Australia’s employment change figures for April beat estimates, showing a 38.5k increase in employment versus an expected increase of 22.4k. This also represents a strong rebound compared to the previous 5.9K decline in employment. However, the unemployment rate rose from a negatively adjusted 3.9% to 4.1% instead of holding steady,…