The Truth Behind the U.S. Unemployment Rate
The U.S. unemployment rate reached an 18-month high of 3.8% in August, leaving many wondering if this indicates a struggling economy and a surge in layoffs. However, a closer look…
Unemployment Rate Eases Slightly in the Euro Area and EU in December
(Eurostat) Unemployment rate in the euro area was posted at 7.0% in December, declining slightly from November’s reading of 7.1%. The rate was below 8.2% in the prior year. In…
Unemployment Rate Falls Marginally in the Euro Area in October, Stable in the EU
(Eurostat) Euro area unemployment was at 7.3% in October, a marginal decline compared to 7.4% in September and was down from 8.4% posted the previous year. In the EU, the…
UK Unemployment Rate Falls by 0.5% In the Third Quarter
(ONS) UK unemployment was 4.3% in the July to September quarter, a decline of 0.5% from the previous quarter. The unemployment is now 0.3% above the pre-pandemic levels. The employment…
Unemployment Rate Falls Marginally in the Euro Area and EU in September
(Eurostat) The unemployment rate in the euro area was 7.4% in September, a decline from 7.5% recorded in August. The rate was lower in the EU at 6.7%, down from…
UK Posts a 0.5% Quarter Over Quarter Improvement in Employment Rate
(ONS) UK employment rate stood at 75.3% in the June to August quarter, up 0.5% from the previous quarter. The employment rate is now only 1.3% below the pre-pandemic quarter.…
Unemployment Falls to 7.5% In the Euro Area and 6.8% In the EU in August
(Eurostat) Euro area posted an unemployment rate of 7.5% in August 2021, a decline from 7.6% in July and 8.6% in August last year. EU’s unemployment was 6.8%, a decline…
Labor Market Recoveries Mixed as NFP Jumps by a Below-Estimate Rate of 235,000
(BLS) Nonfarm payroll employment increased by 235,000 in August, less than the expected jump of 750,000, with the spread of Delta variant weighing on hiring. The unemployment rate only fell…
NFP Employment Jumps by 850,000 — Unemployment Rate More than Expected at 5.9%
(Bureau of Labor Statistics) US nonfarm payroll jobs rose by 850,000 in June, more than an estimated 706,000. The unemployment rate rose to 5.9%, more than the projected 5.6%. The…
China Facing “Mounting Pressure” to Create Jobs as Unemployment Rate Holds at 13.1%
China’s unemployment rate for those aged 16 to 24 was 13.1% as of February, above the national urban jobless rate of 5.5%, according to the National Bureau of Statistics press…