US April Jobs Report – Unemployment rate rises back to 3.9% as Nonfarm Payroll increase lower than expected
Nonfarm payroll increased 175,000 in April, a significant reduction from 315,000 in March and fell short of the market expectation of 243,000. Meanwhile, US unemployment rebounded to 3.9%
US labor market cools down further with job openings, hires, quits all drop in March
The March US job opening and labor turnover (JOLT) report shows that job opening rate, hire rate and quit rate all dropped marginally in March, showing further cool down in the US labor market.
UK inflation cools to 3.4% amid service inflation slowdown
Core inflation also slowed to 4.5%, compared to a year earlier.
Canada inflation slows further to 2.8%; rent continues to rise
Canada's CPI rose 2.78% in February, a further slowdown from the 2.86% increase in the January
Canada unemployment rate rises to 5.8% as labor force continues to grow
Statistic Canada on Friday reported that Canada's unemployment rate rose to 5.8%,, reaching the highest since the start of 2022.
Canada inflation drops to 2.9% in January
Canada's headline CPI rose 2.9% in January, hitting Bank of Canada's inflation-control target range of 1% - 3% for the first time since March 2021.
UK retail sales rebounds 3.4% in Jan after dismal Christmas figures
UK retail volume rose 3.4% MoM in January, after it dropped by 3.3% in December
US payroll growth in Jan beats expectations
US nonfarm payroll increased 353,000 and Unemployment rate as 3.7% in January
