Investors Increase Their Bets on an Interest Rate Hike Towards the End of This Year!
Investors Increase Their Bets on an Interest Rate Hike Towards the End of This Year!
A new week begins dear readers, as the world’s largest economy started to show recently signs of recovery from the worst financial crisis since the Great Depression, as last week we witnessed the improvement in the labor sector though the non-farm […]
U.S. Unemployment Rate Jumps to 9.4%
U.S. Unemployment Rate Jumps to 9.4%
The U.S. labour market continued to weaken in May, although the pace of decline slowed significantly. Non-farm payroll employment fell by 345,000, a much smaller drop than expected, with the consensus looking for a 520,000 jobs loss. Declines in previous months were revised lower, with April’s drop coming in at […]
Canadian Job Losses Resume; Unemployment Rate Rises
Canadian Job Losses Resume; Unemployment Rate Rises
After a surprising 35,900 rise in employment in April, Canadian labour markets returned to shedding jobs with employment falling 41,800 in May. A return to declining employment had been widely expected given the announced shutdowns in the auto sector in May. The unemployment rate resumed its upward trajectory, rising […]