Take Five: A looming labour crunch?
05/28/2021 10:00
(Reuters) -
1/PRIME TIME PAYROLLS
How fast is the U.S. recovery? Friday s U.S. monthly jobs report will add fuel to the debate.
In April, U.S. job growth unexpectedly slowed, possibly because of shortages of workers and raw material. Non-farm payrolls added a mere 266,000 jobs compared to predictions for more than 3-1/2 times that.
Optimism over jobs has offset concerns about rising inflation and diminishing government financial support, lifting May U.S. consumer confidence to a 14-month high.
For May jobs, a Reuters poll predicts a 621,000 rise. Strong data could again raise concerns of an earlier-than-expected stimulus unwind by the Fed.
Reuters
4 minute read
FILE PHOTO: People line up outside a newly reopened career center for in-person appointments in Louisville, U.S., April 15, 2021. REUTERS/Amira Karaoud
1/PRIME TIME PAYROLLS
How fast is the U.S. recovery? Friday s U.S. monthly jobs report will add fuel to the debate.
In April, U.S. job growth unexpectedly slowed, possibly because of shortages of workers and raw material. Non-farm payrolls added a mere 266,000 jobs compared to predictions for more than 3-1/2 times that.
Optimism over jobs has offset concerns about rising inflation and diminishing government financial support, lifting May U.S. consumer confidence to a 14-month high.
Take Five: A looming labour crunch? msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr
LONDON, May 10 (Reuters) - Euro zone bond yields rose on Monday as investors returned their focus to a brighter economic outlook and its implications for central bank policy following large swings following Friday’s U.S. non-farm payrolls data.
Rising crude oil prices after a major cyberattack forced the shutdown of critical fuel supply pipelines in the United States added to upward pressure on bond yields by boosting inflation expectations.
Germany’s 10-year Bund yield rose to its highest level in almost a week, while Italian borrowing costs held near their highest levels since September.
Latest on the worldwide spread of the coronavirus
10 May 2021 - 13:22
Reuters
Calls grew for India to impose a nationwide lockdown as new coronavirus cases and deaths held close to record highs on Monday, while a report called for G7 countries to invest $1 trillion per year until 2030 to ensure a strong and sustainable economic recovery.
DEATHS AND INFECTIONS
EUROPE Norway should exclude the vaccines made by AstraZeneca and Johnson & Johnson in its inoculation programme due to a risk of rare but harmful side-effects, according to a government-appointed commission. Germany is to make Johnson & Johnson s vaccine available to all adults. About 20 people in France have been detected with the COVID variant that was first found in India, the health minister said.