Nearly two-thirds of employers intend keeping headcount steady this quarter, according to the latest Hudson quarterly report on employment trends. However hiring intentions dipped 1 per cent to 30.8 percent, back to the same level as the start of the year. The continuing fall in the unemployment rate to 5.6 percent backs up the “steady as she goes” approach to …
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While you were sleeping: Solid US jobs data
Wall Street was mixed as better-than-anticipated US jobs data offset concern about political unrest in Egypt and ministerial resignations in Portugal. In the US, private payrolls rose 188,000 in June, according to the ADP National Employment Report. That exceeded expectations for a gain of 160,000 jobs. Separately, Jobless claims fell by 5,000 to 343,000 in the week ended June 29 …
Read More »World Week Ahead: Eyes on US employment data
US labour data will be the focus of investors desperately trying to get a handle on the likelihood and timing of a Federal Reserve easing back of its bond-buying program, after a week of comments by central bank officials failed to provide further clarity. While last week’s slew of speeches helped stem the steep slide of both equity and bond …
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