Australian job ads dip 1.1% in July, may have passed peak

SYDNEY, Aug 1 (Reuters) – Australian job advertisements slipped for the first time in three months in July in a sign their strong run may finally have peaked, although they remain at historically high levels that point to a further drop in unemployment. Monday’s figures from Australia and New Zealand Banking Group Ltd (ANZ.AX) showed … Read more

Mexican economy grows for third quarter in a row, beats forecast

A vendor chats with a customer at a stall in an outdoor market in Mexico City, Mexico January 23, 2022. REUTERS/Luis Cortes/File Photo Register now for FREE unlimited access to Register MEXICO CITY, July 29 (Reuters) – Mexico’s economy expanded 1% between April and June from the previous three-month period, beating forecasts and marking … Read more

US goods trade deficit, business spending data may salvage second-quarter GDP

Goods trade deficit drops 5.6% to $98.2 billion in June Wholesale inventories increased 1.9%; retail stocks up 2.0% Core capital goods orders rise 0.5%; shipments gain 0.7% WASHINGTON, July 27 (Reuters) – The US trade deficit in goods narrowed sharply in June as exports surged, while business spending on equipment remained strong, reducing the risk … Read more

US housing cooldown is recession red flag for markets

Carpenters work on building new townhomes that are still under construction while building material supplies are in high demand in Tampa, Florida, US, May 5, 2021. REUTERS/Octavio Jones Register now for FREE unlimited access to Register NEW YORK, July 25 (Reuters) – With the Federal Reserve set to jack up interest rates again this … Read more

US existing home sales slide again in June

NEW YORK, July 20 (Reuters) – US existing home sales fell for a fifth straight month in June to the lowest level in two years as record-high prices and fast-rising interest rates make buying a home too expensive for a growing share of American households. Sales of previously owned homes fell 5.4% to a seasonally … Read more

US weekly jobless claims hit 8-month high; labor market still tight

Weekly jobless claims increased by 9,000 to 244,000 Continuing claims fell 41,000 to 1.331 million Producer price index increases 1.1% in June Core producer prices rise 0.3%; up 6.4% year-on-year WASHINGTON, July 14 (Reuters) – The number of Americans filing new claims for unemployment benefits increased to an eight-month high last week, suggesting some cooling … Read more

Australia unemployment dives to 48-year low as jobs boom

A worker cleans the window of a telecommunications retail store in central Sydney, Australia, June 16, 2017. REUTERS/Steven Saphore Register now for FREE unlimited access to Register SYDNEY, July 14 (Reuters) – Australia’s unemployment rate dived to a 48 -year low in June as hiring outstripped all expectations, while record vacancies suggested the labor … Read more

Australian business mood sours in June even as activity holds up

SYDNEY, July 12 (Reuters) – A measure of Australian business confidence slid in June as rising costs and worries about consumer spending slugged the retail sector, though most firms reported actual activity was holding up well so far. Tuesday’s survey from National Australia Bank Ltd (NAB) (NAB.AX) showed its index of business conditions eased 2 … Read more

US job growth strong in June despite darkening economic outlook

Nonfarm payrolls increase 372,000 in June Private employment back above pre-pandemic level Unemployment rate holds steady at 3.6% Average hourly earnings rise 0.3%; up 5.1% year-on-year WASHINGTON, July 8 (Reuters)-US employers hired far more workers than expected in June and continued to raise wages at a steady clip, signs of persistent labor market strength that … Read more

Canada’s jobless rate drops to 4.9% in June, economy loses 43,200 jobs

OTTAWA, July 8 (Reuters) – Canada’s unemployment rate fell to a new record low of 4.9% in June, beating expectations, even as the economy posted a surprise decline in jobs, while wages accelerated sharply, official data showed on Friday. The Canadian economy lost 43,200 jobs in June, mostly among older workers, missing expectations of a … Read more