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Top StoriesTesla Cancels Three June Online Hiring Events for China
Top StoriesSurge in Euro Zone Wages May Be Less Than Meets the Eye
Top StoriesDraft Law on Joint Standards for Minimum Wages in EU Passes Crucial Hurdle
TradingDollar Higher After U.S. Job Growth Tops Expectations
Strong U.S. Labor Market Keeps Fed on Aggressive Rate Hike Path
Date: June 3, 2022
By Lucia Mutikani WASHINGTON (Reuters) – U.S. employers hired more workers than expected in May and maintained a fairly strong pace of wage increases, signs of labor market strength that will keep the Federal Reserve on an aggressive monetary policy tightening path to cool demand. The Labor Department’s closely watched employment report on Friday also...
Spain to Grant More Work Visas to Combat Labour Shortages
Date: June 3, 2022
MADRID (Reuters) – Spain plans to relax work permit rules for foreigners, its social security and migration minister said on Friday, seeking to address labour shortages in key industries such as tourism and construction that threaten its economic recovery. The government intends to grant more temporary visas for sectors that need workers, Jose Luis Escriva...
Instant View: US May Payrolls Rise up Than Expected
Date: June 3, 2022
NEW YORK (Reuters) – U.S. employment increased more than expected in May, while the unemployment rate held steady at 3.6%, signs of a tight labor market that could keep the Federal Reserve’s foot on the brake pedal to cool demand. Nonfarm payrolls increased by 390,000 jobs last month, the Labor Department said on Friday. Data...
Post-Lockdown Rebound Fading for German Services Sector -PMI
Date: June 3, 2022
BERLIN (Reuters) – Germany’s services sector was a bright spot for the economy in May as manufacturing struggles, but there are signs the pace of growth is starting to slow down, a survey showed on Friday. S&P Global’s final services Purchasing Managers’ Index (PMI)fell to 55.0 in May from 57.6 the month before. The flash...
Italy May Service Sector Growth Eases Slightly – PMI
Date: June 3, 2022
ROME (Reuters) – Italy’s services sector expanded in May but a slower pace compared with the previous month, a survey showed on Friday, with the war in Ukraine and COVID-19 restrictions enforced in China weighing on the outlook. S&P Global’s Purchasing Managers’ Index for services declined to 53.7 in May from 55.7 in April, still...
Spain’s Services Activity Slows in May, Though Jobs Rise -PMI
Date: June 3, 2022
MADRID (Reuters) – Activity in Spain’s services sector slowed down in May though companies created jobs at the fastest rate in almost a year as companies’ capacity is stretched, a survey showed on Friday. S&P Global’s Purchasing Managers’ Index (PMI) of services companies, which account for around half of Spain’s economic output, fell to 56.5...