Japan April Jobless Rate 2.6% Vs. 2.8% in March on Fewer Job Cuts, Quits; Y/Y Job Creation Continues
–Fewer People Quit for Other Openings on Month, Job Losses, Retirements Also Fall –Jobs Up on Year for 9th Straight Month, Let by Manufacturing, Entertainment, Hotels/Restaurants –Number of Unemployed Marks 2nd Straight Y/Y Rise By Max Sato (MaceNews) – Japanese payrolls posted their ninth straight year-over-year growth in April as the reopening of the economy […]
<strong>FOMC Minutes Show Consensus on Tightening to Reduce Inflation</strong>
– But Need For ‘Risk Management,’ Avoiding Overtightening Cited – Officials Anxious to Avoid Perception of Less Anti-Inflation Commitment to By Steven K. Beckner (MaceNews) – At their final monetary policy meeting of 2022, Federal Reserve officials were together in their commitment to reducing inflation in the year ahead, but somewhat less united on how […]
Japan February Unemployment Slips to 2.7% But Job Creation Slow
By Max Sato (MaceNews) – Job creation in Japan remained sluggish in February compared to a year earlier but the unemployment rate fell from January as job cuts eased and fewer people began looking for work, data released Tuesday by the Ministry of Internal Affairs and Communications showed. The seasonally adjusted average unemployment rate fell […]
BANK OF ENGLAND’S BAILEY SEES HIGHER STRUCTURAL UNEMPLOYMENT POST-COVID
By Laurie Laird LONDON (MaceNews) – The Bank of England warned of lingering consumer caution and a rise in structural unemployment in the wake of the Covid crisis, even as recent economic data suggest that the UK economy has been less badly hit than feared. “I do wonder whether a shock if this size will […]
DATA FLASH: US FEBRUARY JOLTS DATA POINT TO SLOWDOWN BEFORE MARCH DROP
-Openings, Hiring Slow Even Before COVID; Layoffs to Surge in March By Kevin Kastner WASHINGTON (MaceNews) – The US Bureau of Labor Statistics’ monthly JOLTS report, released Tuesday morning, showed that job openings and hiring conditions slowed in February and layoffs rose, even before the full COVID impact. Job openings fell to 6.882 million in […]
NY FED: US CONSUMER EXPECTATIONS FELL IN MARCH AMID VIRUS
NEW YORK (MaceNews) – US consumer worries about job losses and household finances ratcheted up in March as COVID-19 fears rose, the Federal Reserve Bank of New York reported. The Fed’s survey of households, conducted March 2-31, shows “a considerable deterioration in households’ expectations regarding their labor market and financial situation across all age, education, […]
BANK OF CANADA: PRE-COVID-19, CANADA CONSUMER SENTIMENT IMPROVED IN Q1
NEW YORK (MaceNews) – Canada’s consumers were feeling better in the first quarter, before the COVID-19 pandemic, and before oil prices plunged, a Bank of Canada quarterly survey found. Consumers’ expectations for one-year-ahead and five-year-ahead inflation increased slightly in the first quarter of 2020, reversing some declines seen in the fourth quarter. The two-year-ahead expectations […]
DATA FLASH: US MARCH PAYROLLS DROP 701,000, BUT IT’S ONLY THE BEGINNING
–Unemployment Rate Rises to 4.4% from 3.5%, Some See It Rising to 30% By Kevin Kastner WASHINGTON (MaceNews) – The March employment report was much weaker than expected, but only reflected the very start of the economic shutdowns. The March 14 survey week fell before the bulk of the government-mandated business shutdowns. As a result, […]
DATA FLASH: US INITIAL CLAIMS SOAR AS MILLIONS LAID OFF; MORE TO COME
–Initial Claims Jump by 3.001 Mln To Record 3.283 Mln By Kevin Kastner WASHINGTON (MaceNews) – With millions laid off in the March 21 due to business shutdowns, initial jobless claims surged to a record high level in Thursday’s data, and are likely to go further as displaced workers sign up for benefits and any […]
WHITE HOUSE WATCH: MILLIONS FACE MONDAY WITHOUT JOBS, RELATIVES, FRIENDS
–Congress Hits a Speed Bump on the Way to Spending Nearly $2 Trillion By Denny Gulino WASHINGTON (MaceNews) – As U.S. cases of the corona virus now double every two and a half days, more than 84 million Americans are spending a bleak Sunday night facing a week ahead – and maybe months beyond either […]