Steady Growth in Average Hourly Earnings for November 2024
In November 2024, average hourly earnings for all employees on private nonfarm payrolls increased by 13 cents, or 0.4%, reaching $35.61. This growth matched October’s pace and exceeded market expectations of a 0.3% rise. The steady monthly increase highlights ongoing...
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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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