unemployment-rates
Top StoriesFactbox-From meta to peloton, companies slow hiring as economy sputters
Top StoriesFactbox-From meta to peloton, companies slow hiring as economy sputters
Top StoriesItaly statistics bureau cuts growth forecasts, warns of “strong downside risks”
Top StoriesAnalysis-China’s consumers keep their wallets in lockdown as COVID curbs ease
Ukraine rebases businesses from war front to shield vital producers
Date: June 6, 2022
By Natalia Zinets KYIV (Reuters) – Oleg Averyanov’s factory produced fire trucks and employed 600 people until it was forced to halt operations and close its doors as a Russian invasion force poured over the border into his region in northeastern Ukraine on Feb. 24. Months later, the 44-year-old is gearing up to restart some...
Factbox-Elon musk hints at an impending recession
Date: June 3, 2022
(Reuters) – Tesla Inc Chief Executive Officer Elon Musk on Friday sent an email to his executives ordering a hiring freeze and job cuts, making the email his most direct message on the risks of a recession. The billionaire has taken to Twitter several times in the recent past to share his thoughts on a...
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...
Stock markets jolted by musk’s economy and jobs warning
Date: June 3, 2022
By Samuel Indyk LONDON (Reuters) – Wall Street was tipped for a weaker open on Friday, bucking share price gains in Europe and Asia after warnings on the economic outlook from Tesla Chief Executive Elon Musk who outlined plans to lay off 10% of his staff. Markets are on edge ahead of crucial monthly jobs...
Factbox-From Tesla to peloton, companies slow hiring as economy sputters
Date: June 3, 2022
(Reuters) – Elon Musk spooked investors on Friday with a warning on the economy and plans to cut Tesla’s workforce, joining a growing list of companies that have dialed back hiring amid decades-high inflation and fallout from the Ukraine crisis. The billionaire said he has a “super bad feeling” about the economy and that the...
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...