US initial jobless claims fell to 226,000 for the week ending June 13, indicating a strong labor market. This resilience pushes back expectations for Federal Reserve rate cuts, causing Bitcoin to slide below $64,000 as it's sensitive to liquidity and interest rate expectations.
The US Federal Reserve kept interest rates unchanged for the fourth time this year, maintaining the range at 3.5% to 3.75%. New Chair Kevin Warsh presides over the decision amid elevated inflation and Middle East conflict uncertainty. Projections show a shift, with nine members now anticipating a rate hike this year, contrasting with earlier expectations of cuts.
India's unemployment rate increased to 5.5% in May from 5.2% in April. Government data shows a slight rise in joblessness, with a moderation in the Labour Force Participation Rate and Worker Population Ratio, indicating a softening of labour market conditions.
The US added 172,000 jobs in May with an unchanged unemployment rate of 4.3%, indicating a resilient labor market. Despite this, US stocks fell sharply due to a sell-off in AI chip stocks, with the Nasdaq down 4%.
The U.S. labor market added jobs for the third consecutive month in May, with significant gains in hospitality, construction, and healthcare. Despite a steady unemployment rate of 4.3%, wage growth lagged behind inflation, potentially influencing the Federal Reserve's interest rate decisions.
Turkey's unemployment rate stayed in single digits for the 36th consecutive month in April 2026, at 8.2%. Youth unemployment fell by 1.4 points to 14.5%, and female unemployment by 0.6 points to 11%.
UK unemployment rose to 5% in March, with the Iran war blamed for a fresh wave of inflation and a drop in business confidence. Payrolled jobs fell by 100,000 in April, and regular pay growth is at its weakest since 2020.
France's unemployment rate reached 7.8% by the end of 2025, with 2.5 million job seekers, a four-year high. Analysis highlights age discrimination as a key factor impacting young and senior workers.
US employers added a robust 115,000 jobs in April, surpassing expectations despite global economic uncertainty from the Iran conflict. The unemployment rate held steady at 4.3%. Healthcare and transportation sectors saw significant hiring, while manufacturing experienced job cuts. This resilient labor market suggests the Federal Reserve may hold off on interest rate cuts as inflation remains a concern.
US employment rose more than expected in April, while the unemployment rate remained steady, government data showed, with the world’s largest economy firming recent labour market gains but analysts warning of underlying weakness. “Total nonfarm payroll employment edged up by 115,000 in April, and the unemployment rate was unchanged at 4.3 per cent,” the US Bureau of Labour Statistics (BLS) said. The gains mainly came in the healthcare, transport and warehousing and retail trade sectors. US job...
Unemployment remained steady at 4.3% as the US-Israel war on Iran continues to rattle the American economyUS employers added 115,000 jobs in April and the unemployment rate remained steady at 4.3%, a surprisingly robust gain to the labor market as the US-Israel war with Iran continued to drive up economic uncertainty.Economists projected about 55,000 new jobs and a 4.3% unemployment rate. A day earlier, the labor department announced 200,000 people filed for weekly unemployment benefits, a slight increase from the week before. Continue reading...
Hong Kong's unemployment rate fell to 3.7% in Q1 2026, down 0.1 percentage point from the previous quarter, marking a second consecutive decline. The underemployment rate also decreased to 1.6%. The accommodation services sector recorded a notable drop in unemployment while the foundation and superstructure sector saw improvement in underemployment. Labour and Welfare Secretary Chris Sun Yuk-han said the labour force and total employment decreased slightly, but sustained economic growth should underpin the labour market.
The UK unemployment rate unexpectedly dropped to 4.9% in the three months to February, though wage growth slowed to its weakest pace since 2020. Rising economic inactivity and falling job vacancies suggest a cooling labour market ahead of potential energy-driven headwinds.
The UK labour market shows signs of fragility despite a surprise drop in unemployment to 4.9%. Weak wage growth and rising economic inactivity, coupled with geopolitical tensions in the Middle East, create a challenging environment for the Bank of England's interest rate policy.
UK unemployment rate fell to 4.9% in the three months to February, down from 5.1%, but early data shows 11,000 job losses in March as the US-Iran war began. The Item Club forecasts unemployment will rise to 5.8% in just over a year, affecting nearly 250,000 people, with inflation expected to peak at 4% and economic growth halving to 0.7% in 2026.
The UK's unemployment rate fell to 4.9% in the three months to February, down from 5.2%, according to ONS figures. However, early data shows payrolled employment dropped by 11,000 in March - the first month of the US-Iran war. The Item Club forecasts unemployment could hit 5.8% in just over a year, affecting nearly 250,000 people, with inflation expected to peak at 4% and growth halving to 0.7% in 2026.
