Employment figures

Payrolls grew by 353,000, much better than expected

by
Payrolls grew by 353,000, much better than expected

Wage growth also showed strength, as average hourly earnings increased 0.6%, double the monthly estimate. On a year-over-year basis, wages jumped 4.5%, well above the 4.1% forecast. The wage gains came amid a decline in average hours worked, down to 34.1, or 0.2 hour lower for the month. Job growth was widespread on the month, … Read more

Japan’s business mood improves, capex firm boosts economic outlook

by
Japan’s business mood improves, capex firm boosts economic outlook

Buildings are illuminated at night in Tokyo, Japan, on Friday, July 21, 2023. Toru Hanai | Bloomberg | Getty Images Japan’s business sentiment improved in the third quarter, a central bank survey showed, suggesting conditions for a durable economic revival are falling into place even as a global slowdown keeps policymakers cautious about the outlook. Big non-manufacturers’ mood brightened to levels unseen since 1991, … Read more