Strong Job Growth in the US for November 2024
The US economy added 227,000 jobs in November 2024, signaling a robust recovery from October’s revised gain of 36,000. October’s figures had been notably affected by temporary disruptions such as Boeing strikes and Hurricanes Helene and Milton. The November data...
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Canada’s Unemployment Rate Climbs to Three-Year High
Canada’s unemployment rate increased to 6.8% in November 2024, up from 6.5% in October and surpassing expectations of 6.6%. This marks the highest level of unemployment since September 2021 and highlights growing concerns about a softening labor market. Policymakers at...
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Eurozone Economy Records Strongest Growth in Two Years
The Eurozone economy grew by 0.4% quarter-on-quarter in Q3 2024, marking its strongest growth rate in two years. This performance aligns with earlier estimates and improves upon the 0.2% rise seen in Q2. The growth was driven primarily by household...
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German Industrial Production Declines Again in October 2024
Germany’s industrial sector faced another setback in October 2024, with production falling by 1% month-over-month. This was contrary to expectations of a 1.2% rebound and followed a downwardly revised 2% decline in September. The continued slump highlights growing challenges for...
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US Initial Jobless Claims Rise, But Labor Market Remains Strong
US initial jobless claims rose to 224,000 for the week ending November 30, up from 213,000 the previous week, surpassing market expectations of 215,000. This marks the highest reading in six weeks, but the increase still reflects a labor market...
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