Weekly jobless claims hit 7-month high; imports post record decline

The number of Americans filing new applications for unemployment benefits increased to a seven-month high last week, pointing to softening labour market conditions amid mounting economic headwinds from tariffs....

US job growth slows in May; unemployment rate steady

US job growth slowed in May amid headwinds from tariff uncertainty, while the unemployment rate held steady at 4.2 per cent, potentially giving the Federal Reserve cover to delay...

German unemployment rises faster than expected in May

The number of people out of work in Germany rose at a faster pace than expected in May, labour office figures showed on Wednesday, putting pressure on a new...

UAE says Unemployment Insurance Scheme subscribers can get up to Dhs20,000 per month

The Ministry of Human Resources and Emiratisation (Mohre) has outlined four conditions for eligibility to receive compensation under the Unemployment Insurance Scheme. The compensation is paid monthly at 60%...

US Fed Chair warns new tariffs will likely raise inflation, retard growth

US President Donald Trump’s tariffs risk higher unemployment and will likely cause inflation to rise and growth to slow, Federal Reserve Chair Jerome Powell said on Friday. “It is...

Job losses

Unemployment

US job growth slows in January; unemployment rate at 4 per cent

US job growth slowed more than expected in January after robust gains in the prior two months, but a 4.0% unemployment rate probably will give the Federal Reserve cover...

Spain raises GDP growth target and unemployment at lowest since 2008

The Spanish Economy Ministry is set on Tuesday to raise its gross domestic product growth target for this year above the current 2.4 per cent, Economy Minister Carlos Cuerpo...

Global stocks wobble ahead of US jobs data; bonds in the spotlight

Global stocks were under pressure on Friday ahead of a US jobs report later on that could exacerbate or ease the sell-off in the global bond market, while the...