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  • H.S. Borji

    The Australian dollar continued to climb Wednesday, as consumer confidence rose and record low interest rates continued to boost housing finance. The attention now shifts to Thursday’s employment report, which will have a tough act to follow after February’s unexpected surge in full-time work. In February Australia posted the biggest surge in full-time employment in

  • Forex » Portugal Trade Deficit Widens
    April 9, 2014, 10:27 GMT

    Statistics Portugal have just published the country’s Global Trade Balances data for February. The overall figure for goods and services shows a trade deficit increase to €333.3 million for the month of February, this is further slippage on the January deficit. Portugal has made significant progress on it’s trade balance deficit since hitting a record

  • Business » Canadian Business Optimism rises: BOC
    April 7, 2014, 19:34 GMT

    Business optimism in Canada rose sharply in the first quarter, with executives expressing markedly improved sentiment toward hiring and spending. The Bank of Canada’s quarterly Business Outlook Survey is a good sign for Canadian workers, who are eying better labour market prospects in the early spring. Canadian employers added 42,900 jobs last month, while the

  • Job growth in Canada surged more than expected last month as the unemployment rate unexpectedly dropped to pre-recession lows. Canadian employers added 42,900 jobs in March, following a decline of 7,000 the previous month, Statistics Canada reported today in Ottawa. Economists expected a gain of 20,000 in March. The unemployment rate declined from 7 percent

  • H.S. Borji

    US employers continued to hire at a robust pace in March, a sign the world’s largest economy was gaining momentum after an unusually harsh winter. Employers added 192,000 payrolls last month, after a revised 197,000 increase in February, the Labor Department reported today in Washington. A panel of economists surveyed by Reuters forecast an increase

  • H.S. Borji

    The Canadian labour market rebounded sharply in March, according to a broad consensus of market analysts eyeing Friday’s official employment report. According to forecasts, Canadian employers added more than 25,000 payrolls last month. The unemployment rate is expected to remain unchanged at 7 percent. March data are expected to confirm the choppy nature of the

  • US jobless claims rose more than expected last week, but the underlying trend continued to show broad recovery in the labour market leading up to the March nonfarm payrolls report. US jobless claims increased by 16,000 to 326,000 last week, the Labor Department reported today in Washington. The median estimate of economists called for jobless

  • New applications for jobless benefits fell to their lowest level in nearly four months, a sign the US labour market was improving ahead of next week’s official jobs report. US jobless claims declined by 10,000 to 311,000 last week, the lowest level since the end of November, the Labor Department reported today in Washington. The

  • H.S. Borji

    The UK’s unemployment rate was unchanged in the three months to January, but the number of workers claiming unemployment benefits declined for the 16th consecutive month. The ILO unemployment rate held steady at 7.2 percent, after rising in December for the first time in nearly two years, the Office for National Statistics reported today. Unemployment

  • H.S. Borji

    Consumer prices in the US were little changed in February, as falling gasoline prices offset an increase in the cost of food to keep inflation subdued. Consumer inflation rose 0.1 percent in January, following a similar hike the previous month, the Labor Department reported today in Washington. Compared to a year ago, consumer prices rose