• Jobs

    Economy Week Ahead: Eurozone Manufacturing, U.S. Jobs Report

    A worker checked bodywork at the Iveco plant in Suzzara, Italy, in December. The state of European manufacturing will be measured by Monday’s IHS Markit’s purchasing managers index. Photo: Francesca Volpi/Bloomberg News By WSJ Staff Jan. 2, 2022 3:00 pm ET The Labor Department’s December jobs report is the highlight of this week’s economic data. Economists surveyed by The Wall Street Journal estimate the unemployment rate fell as employers added jobs at a faster pace. Monday IHS Markit will provide a look at the health of the European manufacturing sector with December’s purchasing managers index. The index is expected to slip slightly to 58.0 from 58.4 in November, amid a…

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  • Jobs

    How many jobs did the US economy create in June?

    Job growth in the US came in much higher than expected in June, with the economy adding 850,000 jobs last month, which was significantly higher than the 583,000 jobs added in May and 269,000 in April. Last month’s jobs gain was the biggest since August 2020, when employers added 1.6 million jobs. While the June jobs report serves as an indication that the US economy is continuing to recover from the devastating impact of the covid-19 pandemic, the recovery “remains slow and even”, according to Sameer Samana, a senior global market strategist at Wells Fargo Investment Institute (via Fox Business) Hospitality & Leisure sees largest jobs gain The largest share…

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    Once Africa’s promise, Nigeria is heaving under crime, few jobs | Business and Economy News

    If there was ever a time Nigeria could have taken off, it was in 1999. Democracy had been restored, with its economy reopening after decades of mismanagement and plunder under military dictatorships. Tomi Davies, a systems analyst, was one of thousands of Nigerians who came home to help rebuild the country. After a few years working on public-sector projects, he was offered a bag full of dollars to add ghost employees to the payroll system he was installing. When he refused, a group of men attacked him at his home in the capital, Abuja. “I arrived like many others full of hope, but had to escape in disgust,” said Davies,…

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    Canada sheds jobs for second month as pandemic restrictions bite | Business and Economy News

    Canada’s economy lost 68,000 jobs in May, marking the second consecutive month of job losses. Canada’s labor market weakened for a second month amid widespread restrictions to control a third wave of Covid-19. The economy lost 68,000 jobs in May, Statistics Canada reported Friday in Ottawa. That adds to the 207,100 positions lost in April. The unemployment rate rose to 8.2%, from 8.1%. Economists in a Bloomberg survey had predicted a loss of 25,000 jobs, with a jobless rate of 8.2%. Despite the back-to-back monthly setbacks, analysts expect a quick rebound as early as this month as containment measures are lifted. Ontario and Quebec — the two biggest provinces —…

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    As China cracks down on online education, it wrecks IPO prospects | Business and Economy News

    China is escalating a crackdown on its online education sector, forcing once high-flying startups to mothball plans for multi-billion-dollar initial public offerings this year. Just months ago, edtech outfits were one of the hottest investments in China’s post-Covid internet industry, pulling in more than $10 billion of venture funding last year from powerhouses like Alibaba Group Holding Ltd., Tencent Holdings Ltd. and SoftBank Group Corp. Then Beijing stepped in. President Xi Jinping suggested in March the surge in after-school tutoring was putting immense pressure on China’s kids, signaling a personal interest in curbing excesses. That led to warnings in state-owned media and penalties aimed at predatory practices that play on…

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    Kettering targets Fraze opening in late-July; city looks to fill jobs, economy, coronavirus, entertainment

    “We would love to make an announcement of who the acts are … in late May, so our customers will have the opportunity to start buying tickets in early June,” Schwieterman said. “At this point that’s what we’re planning on,” he added. “We’re hoping that we’ll have increased capacities to put the shows on by the time we get into late July.” ExploreEARLIER: Kettering to install touchless faucets at city sites using American Rescue Plan funds Ohio Gov. Mike DeWine in March amended an order to allow outdoor entertainment venues to admit up to 30{c25493dcd731343503a084f08c3848bd69f9f2f05db01633325a3fd40d9cc7a1} of their fixed, seated capacity. Fewer than 1,000 daily coronavirus cases were reported Monday, according…

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    Employers Add 916,000 Jobs As Economy Roars Back : NPR

    A store in Miami displays a “We are hiring” sign on March 5. U.S. employers added 916,000 jobs in March, the biggest number since August, amid an improving pandemic outlook and trillions of dollars in stimulus passed by Congress. Joe Raedle/Getty Images hide caption toggle caption Joe Raedle/Getty Images A store in Miami displays a “We are hiring” sign on March 5. U.S. employers added 916,000 jobs in March, the biggest number since August, amid an improving pandemic outlook and trillions of dollars in stimulus passed by Congress. Joe Raedle/Getty Images Hiring accelerated last month as U.S. employers added 916,000 workers to their payrolls. It was the largest job gain…

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