Jobless Data News Today

The urban unemployment rate declined to its lowest level in over four years in Q3FY24. But instead of cheers, it has raised concerns.

Analysts say the continuing claims have been rising because many of those who are already unemployed may now be having a harder time finding new work.

China will stop releasing youth jobless data from August, Fu Linghui, a spokesman with China's statistical bureau, said on Tuesday. China will further improve employment statistics, according to Fu. The official youth jobless rate tracking the age 16 to 24 category rose to a record 21.3% in June.

BEIJING (Reuters) -A broad array of Chinese data on Tuesday highlighted intensifying pressure on the economy from multiple fronts, prompting Beijing to cut key policy rates to shore up activity but analysts say more support is needed to revitalise growth. Just before the release of a batch of July data, China's central bank unexpectedly chopped one set of key interest rates, and followed it with cuts on other rates hours later, underlining the rapid loss of the post-COVID economic rebound ...

Twitter was among the first technology giants to slash its workforce during last year’s market rout.Over 1,000 tech companies laid off 152421 employees globally in 2022-23, a report mentioned

The S&P 500 and the Dow hit all-time highs on Thursday as worries about rising inflation subsided, while a bigger-than-expected fall in weekly jobless claims and the signing of a massive stimulus bill reinforced expectations of a strong recovery. Mega-cap stocks Microsoft Corp, Apple Inc, Facebook Inc and Amazon.com Inc led the rally, recouping losses from a recent pullback and helping the benchmark S&P 500 surpass its Feb. 16 peak of 3,950.43. The blue-chip Dow scaled a new record for the f...