unemployment

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US Unemployment Claims Fall Below Expectations, Indicating Labor Market Resilience

According to the latest report from the Labor Department, initial jobless claims in the United States saw a slight increase of 2,000 to reach a seasonally adjusted total of 232,000 last week. However, the figure remained below analysts’ expectations, which had anticipated 235,000 claims. To gain a more accurate understanding of the labor market’s performance, …

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Germany’s May Unemployment Rate Lower Than Expected, Signaling Labor Market Recovery

Germany’s Central Labor Office has released data indicating that the country’s unemployment rate in May saw a smaller increase than anticipated, pointing towards a recovery in the labor market amidst an ongoing economic downturn. According to the latest figures, the seasonally adjusted unemployment rose by 9,000 individuals to a total of 2.573 million. However, this …

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Japan’s Unemployment Rate Drops to 2.6% in April, Beating Expectations

Tokyo, Japan – The Ministry of Labor in Japan released its report today, revealing that the country’s seasonally adjusted unemployment rate for April 2023 has declined to 2.6% from 2.8% in March. This figure came as a positive surprise, surpassing the expectations of economists who had predicted a rate of 2.7%, according to a Reuters …

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Thailand’s Q1/2023 Unemployment Rate Returns to Normal as Workers Enjoy Higher Pay After Economic Recovery

The National Economic and Social Development Council (NESDB) has released its findings on the social conditions in Thailand for the first quarter of 2023, revealing positive trends in the labor market. The unemployment rate has improved and returned to a normal level of 1.05%, indicating a recovering economy. Moreover, workers are experiencing increased wages as …

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US Unemployment Claims Lower Than Expected, Indicating Improved Labor Market

In an encouraging sign for the US economy, the latest data from the Labor Department reveals that initial jobless claims have dropped below analysts’ expectations. The seasonally adjusted figure fell by 22,000 to 242,000 last week, surprising experts who had predicted a higher number of 254,000. Additionally, the four-week average of Americans filing for unemployment …

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UK Unemployment Rate Surges, Bank of England to Halt Interest Rate Hikes Next Month

The United Kingdom’s unemployment rate has risen more than expected to 3.9% in the first quarter of 2023. This is the highest level in almost two years as more people want to return to the labor market. The increase in the unemployment rate may ease the Bank of England’s (BoE) concerns about inflationary pressures. However, …

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US Jobless Claims Rise Higher Than Expected Last Week

The US Labor Department has released data indicating that initial jobless claims increased by 13,000 to a seasonally adjusted 242,000 last week, surpassing analysts’ expectations of 240,000. Despite the rise in new claims, the Labor Department also reported that the number of Americans still claiming unemployment benefits decreased by 38,000 to 1.805 million.

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Germany reveals unemployment rate in April higher than expected, but indicates stable labor market

On April 28, 2023, the German Labor Office released its report revealing an increase in Germany’s unemployment figures in April, higher than analysts had expected. However, the report also indicated a stable labor market despite the sluggish economy hampering a robust recovery in the spring. The report shows that Germany’s unemployment figures in April increased …

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