According to recruitment and employment Confederation and the accounting firm of KPMG, in August 2023, UK hiring witnessed its steepest decline since mid-2020, as employers hired fewer permanent staff through recruitment agencies due to economic concerns. The hiring rate fell to 42.4 the lowest since the 34.3 in June 2020 when the country was in
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Share: S&P 500 couldn‘t keep the fine rebound as all eyes were on „good that the job market is still OK, but maybe the Fed would stop hiking now“ interpretation of weaker than expected non-farm payrolls. Bonds certainly played ball, but it was more than the dollar that pulled stocks down – all sectors declined
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UPCOMING EVENTS: Monday: Canada Holiday, Swiss Unemployment Rate, BoJ’s Summary of Opinions. Tuesday: NFIB Small Business Optimism Index. Wednesday: China CPI. Thursday: US CPI, US Jobless Claims. Friday: Japan Holiday, UK GDP, US PPI, University of Michigan Consumer Sentiment. Monday: The BoJ’s Summary of Opinions will be scrutinised by market participants for details and clues
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The labor market added a smaller-than-expected 187,000 jobs in July, but one sector delivered roughly half of that total. The health care and social assistance category grew by 87,100 jobs last month, according to the Labor Department. That total jumped to 100,000 when including education jobs, as some economists do. related investing news Humana calms
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Share: EUR/GBP gains for four consecutive days, up 0.81% for the week, trading at 0.8635 but failing to break through the 100-day EMA at 0.8655. The Bank of England’s 25 bps rate hike influences the pair’s movement, capping further advance. Technical outlook reveals an inverted head-and-shoulders chart pattern, targeting 0.8900. EUR/GBP rallies for the fourth
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This bull market started with tech and it might die with tech. Amazon shares surged higher today on strong cloud revenue but Apple posted slowing sales, including of the iPhone and that has led to a heavy round of profit taking. Shares are down 4.6%. The entire summer run-up in Apple has now been erased
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