Abe says his 'real' economic goals were met without hitting 2% inflation
Prime Minister Shinzo Abe said his real economic objectives, including full employment, have been achieved even though 2 percent inflation has not, pointing to a further softening of the government's commitment to a price goal seen as one of the cornerstones of Abenomics. "It's true ...
Hiring rebounds as U.S. employers add a solid 196,000 jobs; unemployment stays at 50-year low
Hiring rebounded in March as U.S. employers added a solid 196,000 jobs, up sharply from February's scant gain and evidence that many businesses still want to hire despite signs that the economy is slowing. The unemployment rate remained at 3.8%, near the lowest level in ...
U.S. retail sales post largest drop since 2009 as jobless claims surge
U.S. retail sales recorded their biggest drop in more than nine years in December as receipts fell across the board, suggesting a sharp slowdown in economic activity at the end of 2018. The economy's outlook was further dimmed by other data on Thursday showing an ...
Japan's job availability improves to fresh 44-year high in September
There were 1.64 openings for every job-seeker in the month, the highest level since January 1974 and up from 1.63 in August, according to the ministry.
Japan's jobless rate falls to lowest level in over quarter century
The unemployment rate fell to the lowest level in more than 25 years in May as companies ramped up hiring amid solidifying economic conditions, government data showed Friday. That's positive news for the Bank of Japan as it struggles to generate 2 percent inflation. The rate ...
Trump signs executive order strengthening work requirements for welfare
President Donald Trump signed an executive order Tuesday that aims to add and strengthen work requirements for public assistance and other welfare programs. The order, signed in private, promotes "common-sense reforms" that policy adviser Andrew Bremberg said would reduce dependence on government programs. "Part of President ...
Japan's jobless rate falls to 24-year low of 2.4% in January
Japan's unemployment rate fell to 2.4 percent in January, the lowest in over 24 years, and job availability remained at a four-decade high, government data showed Friday. The figures suggest companies are facing intensifying competition to secure workers as the economy enjoys its second-longest postwar ...
Iranian leader Hassan Rouhani has more to lose than the clerics in nationwide protests
Iranian authorities are concerned that nationwide unrest will undermine the clerical establishment and want to stamp out the protests quickly, senior government officials say. But the person with the most to lose is President Hassan Rouhani. While several senior officials said there was concern that ...
In Japan, wages stubbornly refuse to rise despite tight labor market and steady economic growth
Japan is discovering that even the tightest labor market in a generation is no quick spur for higher wages. That's an ominous warning for central banks and governments elsewhere who are grappling with how to translate surging corporate profits into rising salaries, a dynamic that ...
Japan's job availability at 43-year high, jobless rate steady
Job availability improved for a fifth consecutive month to a 43-year high while the unemployment rate remained unchanged in July, government data showed Tuesday, highlighting Japan's ongoing labor shortage issue. The job availability rate rose to 1.52 positions per job seeker in July, up from ...
Dollar surges in Tokyo, Nikkei rises on news of Fed rate hike
The U.S. Federal Reserve suggested a faster pace for rate hikes next year while raising its interest rates for the first time in a year.
