December 6, 2024
United States:
US Payrolls Rebound From Storms and Strikes, Rising by 227,000
The US job market returned to health last month after a storm- and strike-constrained October, with a solid advance in payrolls helping to temper concerns of a worsening slowdown in labor demand.
Nonfarm payrolls increased 227,000 last month following an upwardly revised 36,000 gain in October, according to Bureau of Labor Statistics figures released Friday.
Europe:
Euro-Zone Consumers Finally Start Spending, Boosting Growth
Private consumption in the euro area jumped by the most in two years in the third quarter, offering hope that shoppers are finally starting to power an economic recovery.
Household expenditure increased 0.7% from the previous three months, while investments advanced by 2%, Eurostat said Friday.
Asia:
Japan Base Pay Gains by Record, Keeps Door Open for BOJ Hike
Base salaries for regular workers in Japan rose by a record, a further indication of progress toward a positive economic cycle that will support market speculation of a near-term rate hike by the central bank.
Base pay for full-time workers increased by 2.8% in October from a year ago, the biggest gain for comparable data back to 1994, the labor ministry reported Friday.
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