The number of Americans filing for unemployment benefits fell to 201K in the week ending Jan. 5, 2025 That was down from the estimate of 214K and the previous weekly reading of 211K, the Labor Department said Wednesday. Source: Newsmaker23
Private businesses in the US added 122K workers to their payrolls in December 2024, the least in four months, compared to 146K in November and below forecasts of 140K. "The labor market downshifted to a more modest pace of growth in the final month of 2024, with a slowdown in both hiring and pay gains. Health care stood out in the second half of the year, creating more jobs than any other sector", said Nela Richardson, chief economist, ADP. The service-producing sector added 112K jobs, led by education/health services (57K); leisure/hospitality (22K); financial activities (12K);...
China's latest inflation figures are out on Thursday, and they could not be coming at a more fascinating - some might say alarming - time for global bond markets. Long-term yields around the world are shooting higher as investors bet that sticky inflation will force the U.S. Federal Reserve and other central banks to dial down or even halt their rate-cutting cycles. The 30-year UK gilt yield is the highest since 1998, the 30-year U.S. Treasury yield is a whisker from 5%, and the U.S. 'term premium' - the risk premium investors demand for lending long to Uncle Sam rather than rolling over...