US Jobless Claims Fall To 9-Week Low CURRENCY INVESTORS
US Jobless Claims The number of Americans filing for unemployment benefits decreased by 15 thousand to 233 thousand in the week ended July 15th from the previous week’s revised level of 248 thousand, way below market expectations of 245 thousand. Meanwhile, the 4-week moving average, which removes week-to-week volatility, went down by 2.25 thousand to 243.75 thousand.
US Jobless Claims
The 4-week moving average was 243,750, a decrease of 2,250 from the previous week’s revised average. The previous week’s average was revised up by 250 from 245,750 to 246,000.
The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending July 8, unchanged from the previous week’s unrevised rate.
The advance number for seasonally adjusted insured unemployment during the week ending July 8 was 1,977,000, an increase of 28,000 from the previous week’s revised level. The previous week’s level was revised up 4,000 from 1,945,000 to 1,949,000. The 4-week moving average was 1,959,000, an increase of 8,750 from the previous week’s revised average. The previous week’s average was revised up by 1,000 from 1,949,250 to 1,950,250.
FOREX INVESTORS Mexico Jobless Rate The unemployment rate in Mexico fell to 3.3 percent in June of 2017 from 3.9 percent a year earlier and below market expectations of 3.5 percent. It is the lowest jobless rate for a June month since 2008. When adjusted for seasonality, the unemployment fell to 3.3 percent from 3.5 percent.
Mexico Jobless Rate
Compared to June of 2016, the jobless rate fell for both men (3.2 percent from 3.8 percent) and women (3.4 percent from 4.1 percent). Among unemployed people, 17.5 percent had not completed secondary education and 82.4 percent had a higher education.
Those underemployed accounted for 7.1 percent of total employed, lower than 7.7 percent a year earlier.
The participation rate edged up to 59.4 percent from 59.3 percent in June of 2016.
Japan Jobless Rate Climbs To 5-Month High Of 3.1% In May
FOREX INVESTORS BUZZ Japan Jobless Rate The unemployment rate in Japan rose slightly to 3.1 percent in May of 2017, up from 2.8 percent in the previous 3 months. The figure was above the market consensus of 2.8 percent and marked the highest jobless rate since December 2016. Meanwhile, the jobs-to-applicants ratio was 1.49, up from 1.48 in the previous period and beating expectations of 1.48 to mark the highest level since February 1974.
Japan Jobless Rate
Compared to the previous month, there were 2.05 million unemployed persons, 190 thousand more than in April. Employment increased by 30 thousand to 65.19 million, slowing from a 260 thousand increase in April. The labour force rose by 220 thousand to 67.57 million while those detached from the labour force went down by 190 thousand to 43.77 million.
Among people aged 15 to 24 years old, the jobless rate rose to 5.2 percent from 5 percent in April.A year earlier, unemployment was higher at 3.2 percent.
FOREX INVESTORS Canada Jobless Rate Falls The unemployment rate in Canada decreased to 6.5 percent in June of 2017 from 6.6 percent in the previous month and below market expectations of 6.6 percent. The number of unemployed persons fell by 18.6 thousand while employed rose by 45.3 thousand, beating market consensus of a 10 thousand increase.
Unemployment decreased by 18,600 to 1,270,300, and employment went up by 45.3 thousand to 18,411,000. Full-time employment increased by 8.1 thousand, following a 77 thousand rise in May. Part-time employment rose by 37.1 thousand after a 22.3 thousand decrease in the previous month.
Canada Jobless Rate Falls
There were more people working in professional, scientific and technical services (27 thousand); industry (66 thousand) and agriculture (12 thousand). On the other hand, declines were recorded in business, building and other support services (-23 thousand); “other services” (-4.8 thousand); and transportation and warehousing (-7.4 thousand).
Public sector employment increased by 6,000 and the number of private sector employees went up by 17,800.
Employment rose in Quebec and British Columbia while it was virtually unchanged in the other provinces.
The participation rate increased to 65.9 percent from 65.8 percent in the previous mont
Swiss Jobless Rate Falls To 10-Month Low Of 3.1% In March
BUZ INVESTORS Swiss Jobless Rate Falls Swiss unadjusted unemployment rate declined to 3.1 percent in May of 2017 from 3.3 percent in April and in line with market estimates. It was the lowest jobless rate since July 2016, as the number of unemployed and jobseekers fell.
In May, there were 139,778 unemployed persons enrolled at the regional employment centers, about 6,549 less persons than in the prior month. Compared to the same month a year earlier, unemployment decreased by 5,000 persons (-3.5 percent).
Swiss Jobless Rate Falls
The number of jobseekers reached 202,419, a drop of 5,938 persons compared with April while it decreased by 3,820 compared with the same period last year.
Youth unemployment (15 to 24 year old) fell 1,260 persons to 14,956. Compared to May 2016, this represents a decrease of 1,767 people (-10.6 percent).
Adjusted for seasonal factors, the unemployment rate stood at 3.2 percent, the same as a downwardly revised figure in the prior month.
BUZ INVESTOR Canada Jobless Rate Edges Up The unemployment rate in Canada increased to 6.6 percent in May of 2017 from 6.5 percent in the previous month, which was the lowest since October of 2008. Figures came in line with market expectations. The higher unemployment rate results of more people participating in the labour market. The labour force increased by 78.4 thousand while the economy added 54.5 thousand new jobs. As a result, the number of unemployed increased by 23.9 thousand.
There were 1.288 million unemployed persons and those employed totaled 18.365 million. 77,000 new full-time jobs were created while 22,300 part-time jobs were lost.
Employment increased among youth aged 15 to 24 and men aged 25 to 54. At the same time, employment held steady for women aged 25 to 54 and people 55 years of age and older.
Employment rose in Ontario, British Columbia, Manitoba and Prince Edward Island. There was little change in the other provinces.
Canada Jobless Rate
In May, employment increased in several industries, led by professional, scientific and technical services as well as manufacturing. There were smaller increases in transportation and warehousing; wholesale and retail trade; as well as health care and social assistance. In contrast, fewer people worked in finance, insurance, real estate, rental and leasing; information, culture and recreation; and public administration.
The number of private sector employees increased in May, while public sector employment and self-employment were little changed.
Australia Jobless Rate Down To 51-Month Low Of 5.5%
BUZ INVESTOR Jobless Rate Down Australia’s seasonally adjusted unemployment rate unexpectedly fell to 5.5 percent in May of 2017 from 5.7 percent in April and below market estimates of 5.7 percent. It was the lowest jobless rate since February 2013, as the economy added 42,000 jobs while the number of unemployed declined by 18,600.
In May, the seasonally adjusted labour force participation rate increased to a 10-month high of 64.9 percent from 64.8 percent in the previous period, while the market expected 64.8 percent.
Jobless Rate Down
Employment increased by 42,000 to 12,152,600, exceeding market estimates of a 10,000 increase: full-time employment increased by 52,100 to 8,287,400 while part-time employment decreased by 10,100 to 3,865,200.
Unemployment fell by 18,600 to 711,900. The number of unemployed persons looking for full-time work decreased by 23,000 to 489,300 and the number of unemployed persons only looking for part-time work rose 4,400 to 222,700.
Seasonally adjusted aggregate monthly hours worked in all jobs increased 31.1 million hours (+1.87 percent) to 1,695.3 million hours.
BUZ INVETORS US Jobless Claims The number of Americans filing for unemployment benefits increased by 2 thousand to 244 thousand in the week ended June 24th from the previous week’s revised level of 242 thousand and above market expectations of 240 thousand.
Claims have now been below 300,000 for 121 straight weeks, the longest such stretch since 1970.
The 4-week moving average was 242,250, a decrease of 2,750 from the previous week’s revised average. The previous week’s average was revised up by 250 from 244,750 to 245,000.
US Jobless Claims
The advance seasonally adjusted insured unemployment rate was 1.4 percent for the week ending June 17, unchanged from the previous week’s unrevised rate.
The continuing claims drawn by workers for more than a week (the advance number for seasonally adjusted insured unemployment) during the week ending June 17 was 1,948,000, an increase of 6,000 from the previous week’s revised level. The previous week’s level was revised down by 2,000 from 1,944,000 to 1,942,000. The 4-week moving average was 1,938,750, an increase of 7,250 from the previous week’s revised average. The previous week’s average was revised down by 500 from 1,932,000 to 1,931,500.
BUZ INVESTORS Mexico Jobless Rate Falls The unemployment rate in Mexico decreased to 3.6 percent in May of 2017 from 4 percent a year ago and in line with market expectations. On a seasonally adjusted basis, the jobless rate fell to 3.5 percent from 3.6 percent in April.
Compared to May 2016, the unemployment rate declined for both men (3.4 percent from 4 percent) and women (3.8 from 4.1 percent). Among unemployed people, 17.2 percent had not completed secondary education and 82.8 percent had a higher education.
Mexico Jobless Rate Falls
Those underemployed accounted for 6.9 percent of total employed, lower than 8.5 percent a year earlier.
The participation rate decreased to 59.42 percent from 60.10 percent in May of 2016.
The economy continues to withstand the uncertainty linked to the U.S. trade agenda and the reverberating effects of soaring inflation remarkably well. A comprehensive set of data showed that GDP grew in Q1 at an even faster pace than at first estimated, while consumer confidence continued to trend higher through May as heightened inflation and tightening financial conditions were offset by still-strong remittance growth and a supportive labor market. However, Q2 has seen incipient signs of a slowdown. The April trade report showed that, while trade dynamics were still positive, key manufacturing exports entered the quarter on a much weaker footing, dragging on the overall exports result. In line with spillover effects from weak manufacturing exports, industrial production growth plunged in April. Nonetheless, things are looking up in the political arena for the ruling PRI party, which in early June obtained a crucial victory in the election for the state of Mexico, the first test ahead of next year’s presidential elections.