Unemployment


Steady Fed boosts stocks, Treasury yield curve steepens

Steady Fed boosts stocks, Treasury yield cure steepens

(ATF) The Federal Reserve committed to keep rates low on Wednesday March 17, providing a boost to equities. The 10-year Treasury yield reversed most of an initial move wider, with steepening in the curve between short and long rates the main net effect on the day.The 10-year Treasury yield briefly …

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Soaring yields spark funding cost worries

Soaring yields spark funding cost worries

(ATF) Hong Kong: Asian markets retreated amid worries about the impact of rising bond yields on corporate funding costs at a time when economic recovery is just starting to take root.Financial analysts remain cautious about the new strains of the coronavirus that continue to emerge, although the vaccine roll-out and …

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South Korea jobless rate hits 22-year high as recovery weakens

South Korea jobless rate hits 22-year high as recovery weakens

(ATF) South Korea's unemployment surged to its highest level since 1999, raising concerns that recovery from the coronavirus pandemic could be tougher than expected.The jobless rate jumped to 5.4% in January from a revised 4.5% the previous month to hit its highest level since the aftermath of the Asian financial …

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China should focus on unemployment not growth, says PBoC member

China should focus on unemployment not growth says PBoC member

(ATF) China should focus on stabilising employment and controlling inflation as its main macroeconomic policy goals, rather than focusing on economic growth, an adviser to the country's central bank says.Ma Jun, an influential member of the People's Bank of China Monetary Policy Committee (MPC) said setting a specific gross domestic …

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Trump’s trade war with China leaves 245,000 Americans without jobs

Trump’s trade war with China leaves 245,000 Americans without job

(ATF) Donald Trump's trade war with China has caused a net loss of 245,000 American jobs, a study commissioned by the US-China Business Council (USCBC) has shown.The group, which represents major US companies doing business in China, said the study by Oxford Economics also includes an “escalation scenario”. That estimates …

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Australia's unemployment rate edges up to 6.9%

Australia's unemployment rate edges up to 6.9%

Australia's unemployment rate rose slightly to 6.9% in September, as the coronavirus kept the brakes on hopes of a speedy economic recovery.The country's statistical agency said on Thursday that unemployment grew 0.1% from 6.8% in August, with around 20,000 more people leaving the workforce entirely. Australia – with a population …

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