The US Bureau of Labor Statistics released a report moments ago showing that total non-farm payrolls (NFP) increased by 172,000 in May, compared to 115,000 in April. This exceeded expectations of an additional 85,000 jobs. Meanwhile, the unemployment rate remained unchanged at 4.3% in April, matching forecasts, while the labor force participation rate held steady at 61.8%. Earnings rose by...
The US private sector added approximately 122,000 jobs in May, according to figures released moments ago by ADP, following the addition of approximately 108,000 jobs in April. This exceeded expectations, which had predicted the addition of 118,000 jobs. Wages also rose by 4.4% year-over-year. In detail, the goods-producing sector added 8,000 jobs, with the construction sector adding approximately 8,000 jobs...
Eurostat, the European Union's statistical office, released figures moments ago showing that annual inflation in the Eurozone rose to 3.2% in May, up from 3.0% in April, matching market expectations. The largest contributor to inflation in May was the energy sector, which jumped 10.9% after growing 10.8% in April. Services rose 3.5% from 3.0% in April, while the food, alcoholic...
New orders for durable goods rose in April, according to a report released moments ago by the US Census Bureau. The increase reached $346 billion, a rise of 7.9%, compared to a revised 1.3% increase in March. Expectations had been for 4% growth. Meanwhile, core orders, excluding transportation, rose 1.1% in April, compared to a 0.9% increase in March (expectations...
Data released by Statistics Canada moments ago showed a 0.9% increase in retail sales in March, reaching $72.7 billion, following a 0.7% rise in February. This better-than-expected figure was driven by increased sales at gas stations. Core retail sales, which exclude gas stations and auto and parts dealers, fell 0.1% in March. The sales increase in August was supported by...
The IFO Business Climate Index for Germany rose in May to 84.9, up from 84.5 in April, exceeding market expectations of 84.2. The index, which surveys nearly 9,000 German companies, reflects increased optimism among businesses regarding the current situation and improved expectations for the coming months. Specifically, the current situation index rose to 86.1 from 85.4 in April, while the...
Data released at the start of the European session on Thursday, May 21, showed negative figures across most of the Eurozone's services and manufacturing PMIs, while the UK's May readings were mixed. The Eurozone services PMI fell to its lowest level in 63 months, reaching 46.4 in May, compared to 47.6 in April (expected 47.8). Meanwhile, the manufacturing PMI dropped...
Australian unemployment fell by 0.2 percentage points in April to 4.5%, according to figures released by the Australian Bureau of Statistics (ABS) at the start of Asian trading on Thursday, May 21. This compares to 4.3% in April, while market expectations had anticipated it would remain stable at 4.3%. The labor force participation rate also rose to 66.8% from 66.7%....
The UK's Consumer Price Index (CPI), which measures inflation, rose to 2.8% in April, according to data released by the Office for National Statistics (ONS) on Wednesday morning, May 20. This compares to 3.3% in March and falls short of expectations of 3% growth. The slowdown in inflation in April is attributed to the energy price cap imposed by the...
Canada's Consumer Price Index (CPI) rose 2.8% year-on-year in April, according to figures released moments ago, compared to 2.4% in March. The core CPI, which excludes gasoline prices, rose 2.0% year-on-year, up from 2.2% in March. On a monthly basis, the index rose 0.4% in April, following a 0.9% increase in March, while expectations were for a 0.7% rise. The...