jobless

 
 

French joblessness hits new post-2009 low

PARIS, Aug 14 — France’s unemployment rate dipped slightly in the second quarter to 8.5 per cent, its lowest level in a decade, the national statistics agency Insee said today, confirming a moderate downward trend begun in mid-2015. On the…


India's passenger vehicles sales sink for ninth month in July

NEW DELHI, Aug 13 ― India's domestic passenger vehicle sales fell for the ninth straight month in July, an auto industry body said yesterday, amid a deepening crisis in the country's automobile sector that has triggered large-scale job losses….


US labour market strong, Q2 GDP growth expected to be revised down

WASHINGTON, Aug 9 ― The number of Americans filing applications for unemployment benefits unexpectedly fell last week, suggesting the labour market remains strong even as the economy is slowing. The jobless claims report from the Labor Department…


US weekly jobless claims fall; labour market strong

WASHINGTON, Aug 8 — The number of Americans filing applications for unemployment benefits unexpectedly fell last week, suggesting the labour market remains strong even as the economy is slowing. Initial claims for state unemployment benefits…


Tens of thousands losing jobs as India's auto crisis deepens, say sources

NEW DELHI, Aug 7 ― Slumping sales of cars and motorcycles are triggering massive job cuts in India's auto sector, with many companies forced to shut down factories for days and axe shifts, multiple sources said. The cull has been so extensive that…


US job creation slows to 164,000 in July; unemployment steady

WASHINGTON, Aug 2 — The United States continued to add new jobs last month but at a slower pace, more signs the economy is weakening, although the jobless rate held steady, the government reported today. US employers added a net 164,000 workers in…


Brazil's central bank cuts interest rates to record low

BRASILIA, Aug 1 ― Brazil's central bank slashed interest rates to a record low yesterday in response to the worsening outlook for Latin America's biggest economy. The bank cut its main rate to six per cent from the previous historic low of 6.5 per…


South Africa unemployment hits 29pc

PRETORIA, July 30 — Joblessness in South Africa has reached 29 per cent, the highest level since the country’s quarterly labour force survey was introduced 11 years ago, the statistics office said today. “The unemployment rate increased by 1.4…


Trump’s tariffs trip up the all-American RV industry

ELKHART (Indiana), July 18 — Carrie Gray points to a stack of unwelcome mail on a conference table at the offices of Renegade RV, one of the leading US manufacturers of high-end recreational vehicles. She’s buried in bad news from most of her…


Dollar steady as strong US inflation tempers chance of aggressive Fed rate cut

TOKYO, July 12 ― The dollar was steady today, having regained some traction against its peers after stronger-than-expected US inflation data tempered the prospect of an aggressive Federal Reserve interest rate cut later this month. The core US…