Nonfarm Payrolls (NFP) in the US fell by 140,000 in December, the data published by the US Bureau of Labor Statistics revelled on Friday. This reading followed November’s increase of 336,000 and missed the market expectation.
Read More »US: Challenger Job Cuts Rise to 77.03K in December
Planned job cuts in the US-based employers rose to 77,030 in December from 64,797 in November, Challenger Gray & Christmas announced in its latest Job Cut Report on Thursday.
Read More »US: Weekly Initial Jobless Claims Decline to 787K
There were 787,000 initial claims for unemployment benefits in the US during the week ending December 26, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 806,000 and came in better than the estimate of 833,000.
Read More »EU Commission Regrets US Decision to Extend Tariffs on EU products
The European Commission said on Thursday that it regrets the United States’ decision to extend tariffs to further European products, as reported by Reuters. “The US action disrupts negotiations to find a settlement to aircraft subsidy dispute,” the EU Commission further noted
Read More »Weekly Recap – Dec 21-25
There has been some activity as 2020 nears an end, especially with the European Union and the United Kingdom reaching an agreement on Brexit and the congressional approval of the fiscal stimulus package. The Brexit talks have been marred by some turmoil but ultimately an agreement between the UK and …
Read More »US: Weekly Initial Jobless Claims Fall to 803K
There were 803,000 initial claims for unemployment benefits in the US during the week ending December 19, the data published by the US Department of Labor (DOL) revealed on Wednesday.
Read More »US: Durable Goods Orders Rise by 0.9% in November
Durable Goods Orders in the United States expanded by 0.9%, or $2.2 billion, on a monthly basis to $244.2 billion in November, the US Census Bureau reported on Wednesday. This reading came in higher than analysts’ estimate for an increase of 0.6%.
Read More »Weekly Recap – Dec 14-18
2020 is drawing to a close as Brexit talks continue with the race to reach a deal between the European Union and the United Kingdom before December 31. On the other side of the ocean, US lawmakers are trying to fill loopholes in the massive stimulus bill that would provide …
Read More »US: Weekly Initial Jobless Claims Rise to 885K
There were 885,000 initial claims for unemployment benefits in the US during the week ending December 12th, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed last week’s print of 862,000 and missed the market expectation of 800,000 by a wide margin.
Read More »US Import Prices Rise in November
The price of import prices in the United states rose by 0.1% in November, according to data by the US Department of Labor on Tuesday. This comes following a decline of an equal value during October. On an annual basis, import prices decreased by 1%, repeating the reading of the …
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