jobless

 
 

Tax cuts seen halting a three-month retreat in US retail sales

WASHINGTON, April 15 — Tax cuts have given a boost to Americans’ take-home pay this year. The question hanging over the US economy is whether they are putting the extra cash toward savings and debt, or using it to go shopping. Retail-sales…


Wall Street gains on earnings optimism, waning Syria jitters

NEW YORK, April 13 — US stocks climbed yesterday as investors anticipated a strong earnings season and as US President Donald Trump’s suggestion that a military strike on Syria may not be imminent ratcheted down geopolitical worries. The S&P…


US trade deficit rises to near 9-1/2-year high; jobs market tightens

WASHINGTON, April 5 — The US trade deficit increased to a near 9-1/2-year high in February, with both exports and imports rising to record highs, but the shortfall with China narrowed sharply. News of the worsening trade deficit comes as the…


Japan business mood sours for first time in two years, upbeat on capex

TOKYO, April 2 — Japanese business sentiment worsened for the first time in two years in the three months to March, a closely watched central bank survey showed today, as rising raw material and labour costs weigh on an otherwise steady economic…


US GDP grows 2.9 per cent for 4Q

Fundamental outlook US gross domestic product (GDP) grew 2.9 per cent for the fourth quarter of 2017 (4Q17). The market was quiet throughout last week due to the Good Friday holiday. US weekly claims for jobless benefits fell to a four-week low. UK trade deficits narrowed while GDP grew in line with expectations. The US […]


US consumer spending up slightly; jobless claims at 45-year low

WASHINGTON, March 29 — US consumer spending rose marginally for a second straight month in February as households boosted savings, the latest indication that the economy lost momentum in the first quarter. But the economy’s fundamentals…


German unemployment falls to new historic low

FRANKFURT AM MAIN, March 29 — Joblessness in Germany fell in March to a new record low since reunification in 1990, official data showed today, as good times for Europe’s largest economy continue into the new year. Some 5.3 per cent of the…


US Fed raises interest rates for the first time this year

Fundamental outlook   THE US Federal Reserve raised the interest rate for the first time in 2018 and since Jerome Powell became Fed chairman. Heightened fears of a global trade war sent stock market prices downwards. The Bank of England (BoE) retained its policy but hinted a possible rate hike in May. US existing home […]


Australia keeps adding jobs, still can’t satisfy jobseekers

SYDNEY, March 22 — Australian employment showed another solid increase in February yet the jobless rate still edged higher as more people went looking for work — a paradox that is weighing on the outlook for wages growth and inflation….


At Riyadh gold souk, ‘Saudization’ spells scarcity of salesmen

RIYADH, March 21 — A Riyadh gold souk festooned with glittering jewellery has run short of salesmen after a government edict to replace foreign workers with Saudis, part of contentious efforts to tackle high unemployment. The oil-rich kingdom…