Category Archives: Labour
Stocks decline after negative jobs report, bond yields rise
NEW YORK — Stocks were falling Friday after a critical report on U.S. hiring showed employers created far fewer jobs than expected. It gave investors pause on whether the delta variant of the coronavirus was starting to impact economic growth
Millions to lose jobless aid as claims fall to pandemic low
WASHINGTON (AP) — Millions of jobless Americans who have depended on federal unemployment aid as a financial lifeline are about to lose those benefits just as the delta variant of the coronavirus poses a renewed threat to the economy and
Asian stock markets mixed after Wall St hits another record
BEIJING (AP) — Asian stock markets rose Friday as investors awaited U.S. hiring data some appear to hope will be weak enough to persuade the Federal Reserve to postpone winding down economic stimulus.
Manitoba’s new short-term premier plans to wipe legislative slate clean
WINNIPEG — Manitoba's new premier, expected to hold the job for less than nine weeks, is promising to kill five bills currently before the legislature, including one that would overhaul the education system. Kelvin Goertzen, who was chosen interim lead...
Liberals pledge $2B to help ‘transition’ oil workers; Alberta communities lukewarm
CALGARY — The federal Liberals have pledged $2 billion to help workers in oil-producing provinces transition to a greener economy, but the proposal is getting a lukewarm reception in communities that might be beneficiaries of the funding. In Cold Lake,...
COVID recession pushed Social Security insolvency up a year
WASHINGTON (AP) — The sharp shock of the coronavirus recession pushed Social Security a year closer to insolvency but left Medicare’s exhaustion date unchanged, the government reported Tuesday in a counterintuitive assessment that deepens the uncertain...
New Taliban rulers face tough economic, security challenges
KABUL, Afghanistan (AP) — Afghanistan's new Taliban rulers face tough economic and security challenges as they step back into power in a country that is vastly different from the one they left 20 years ago.
German unemployment slips in August as recovery progresses
BERLIN (AP) — The number of unemployed people in Germany declined slightly in August, unusually for the summer month, while the country's jobless rate remained steady at 5.6%, official statistics showed Tuesday.
Stocks rally to records amid relief rates will remain low
NEW YORK (AP) — Wall Street rallied to records on Friday after the head of the Federal Reserve said it's still far from pulling interest rates off the record low that's helped markets soar, even if it does begin dialing
Powell: Fed on track to slow aid for economy later this year
WASHINGTON (AP) — The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Friday, signaling the beginning of the end of the Fed’s extraordinary response to the