Unemployment Rate page 2

Key events: USA - Average Hourly Earnings (MoM) (May) USA - Nonfarm Payrolls (May) USA - Unemployment Rate (May) On Thursday, global stock markets experienced a rise following the passage of a bill by the US House of Representatives to increase the federal debt ceiling. Concurrently, US Treasury yields declined as data indicated a cooling labor market, diminishing the likelihood of an interest rate hike by the Federal Reserve.

Key events: UK - Construction PMI (Apr) USA - Nonfarm Payrolls (Apr) USA - Unemployment Rate (Apr) Canada - Employment Change (Apr) European markets experienced a negative session yesterday, erasing the slight recovery that occurred on Wednesday and more. The FTSE 100 dropped to a four-week low, while the DAX fell to a three-week low.

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Key events:         UK – Construction PMI (Mar) USA – Initial Jobless Claims Canada – Employment Change (Mar)   Canada – Ivey PMI (Mar) Yesterday, weak US economic data continued to impact the markets. European markets closed slightly lower, and US markets followed suit after the March ISM services survey reported a larger-than-anticipated drop in the headline number to 51.2. The Nasdaq 100 experienced the greatest declines.

Key events: Eurozone - Eurogroup Meetings     The U.S. economy created 311,000 new non-farm jobs in the second month of 2023, according to data released on March 10 by the Labor Department. The figure was markedly higher than economists' consensus forecasts, which had suggested an increase of 225,000 jobs. January's job growth was revised slightly downward: from +517,000 to +504,000 jobs.

Every month is full of news that is important to those who follow the financial markets. This is information about various economic indicators. As a rule, it comes from government agencies, industrial organizations, and scientific institutions. Most of this news is released according to a pre-determined schedule. Publicly available information gives an indication of the state of the national economy, such as the unemployment rate, inflation, and consumer spending.

Key events:       Switzerland – Unemployment Rate s.a. (Dec)   Eurozone – Unemployment Rate (Nov) Canada – Building Permits (MoM) (Nov)   U.S. jobs data boosted the U.S. stock market Friday. Will it be able to hold on? The U.S. jobs number came in at 223,000. It was the lowest number in a while and the market took it as good news. Nevertheless, it was well above the expected 200,000 and still above pre-crisis levels. In other words, the employment situation remains too favorable for the Fed.

Key events: USA – Nonfarm Payrolls (Nov)   USA – Unemployment Rate (Nov)   Canada – Employment Change (Nov) European markets got off to a moderately positive start to the month, hitting 6-month highs, but then pulled back by the close, with the FTSE100 lagging behind, failing to break out the 7,600 level.

Key events:   UK – Construction PMI (Oct) Eurozone – ECB President Lagarde Speaks      USA – Nonfarm Payrolls (Oct)   USA – Unemployment Rate (Oct)   Canada – Employment Change (Oct) Canada – Ivey PMI (Oct)   Bank of England (BoE) aggressively raised its policy rate by 75 basis points to 3.00% in yesterday's monetary policy announcement.