The UK’s unemployment rate has dropped to the lowest level in 48 years, but experts say it could well be “the calm before the storm” and the economy may face a “much bumpier ride” ahead. According to the latest data from the Office for National Statistics (ONS), the rate of unemployment dropped to 3.7 percent…
UK Unemployment Rate Falls to Lowest in 48 Years but ‘Bumpier Ride’ Ahead
Japan’s December Jobless Rate Falls as Monthly Employment Gain Hits Near 36-year High
TOKYO—Japan’s jobless rate fell to 2.7 percent in December as employment posted the biggest monthly gain in nearly 36 years, government data showed on Tuesday. The seasonally adjusted unemployment rate in December was lower than the 2.8 percent in the previous month, which was also the median forecast in a Reuters poll of economists. The…
Eurozone Jobless Rate Falls to Record Low in December 2021
BRUSSELS—Eurozone unemployment fell to its lowest level on record in December, data showed on Tuesday, testament to the strength of the economic recovery and the effectiveness of part-time work schemes used to preserve jobs during pandemic lockdowns. The European Union’s statistics office Eurostat said the unemployment rate in the 19 countries sharing the euro fell…
Dow Hits All-Time High as Jobless Claims Dip
The blue-chip Dow hit an all-time high shortly after markets opened on Thursday, extending a record-setting run as a drop in weekly jobless claims showed no impact yet on employment from the surge in U.S. coronavirus infections. The Dow Jones Industrial Average rose 33.85 points, or 0.09 percent, at the open to 36,522.48. The S&P…
US Jobless Rate Sinks to 4.2 Percent as Many More People Find Jobs
WASHINGTON—America’s unemployment rate tumbled last month to its lowest point since the pandemic struck, even as employers appeared to slow their hiring—a mixed picture that pointed to a resilient economy that’s putting more people to work. The government reported Friday that businesses and other employers added just 210,000 jobs in November, the weakest monthly gain…
Unemployment Claims Fall to Lowest Level Since Beginning of COVID-19 Pandemic Last Year
Initial jobless claims dropped below 300,000 for the first time since the first part of the COVID-19 pandemic when lockdowns were commonplace, according to a report released by the Labor Department on Thursday. The claims, which analysts often tie to layoffs, decreased to 293,000 last week, as compared with 329,000 a week earlier, the agency…
South Korea Jobless Rate Hits Record Low as Jobs for Public Sector, Part-Timers Grow
September 15, 2021
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SEOUL—South Korea’s August unemployment rate fell to the lowest on record, suggesting the economic recovery from the COVID-19 pandemic was on track, though a breakdown of data showed labour conditions in the key manufacturing sector remained weak. The seasonally adjusted unemployment rate in August dropped to 2.8 percent, Statistics Korea data showed on Wednesday, the…
US Jobless Claims Down 24,000 to 400,000 as Economy Recovers
WASHINGTON—The number of Americans collecting unemployment benefits slid last week, another sign that the job market continues to recover rapidly from the coronavirus recession. Jobless claims dropped by 24,000 to 400,000 last week, the Labor Department reported Thursday. The weekly applications have fallen more or less steadily this year—from a peak of 904,000 in early…
US Unemployment Claims Fall to 360,000, a New Pandemic Low
WASHINGTON—The number of Americans applying for unemployment benefits has reached its lowest level since the pandemic struck last year, further evidence that the U.S. economy and job market are quickly rebounding from the pandemic recession. Thursday’s report from the Labor Department showed that jobless claims fell by 26,000 last week to 360,000. The weekly tally,…
US Weekly Jobless Claims Unexpectedly Rise
WASHINGTON—The number of Americans filing new claims for unemployment benefits increased last week for the first time in more than a month, but layoffs are easing amid a reopening economy and a shortage of people willing to work. Initial claims for state unemployment benefits totaled a seasonally adjusted 412,000 for the week ended June 12,…
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