January 10, 2025
United States:
US Payrolls Rise Most Since March, Jobless Rate Drops to 4.1%
US employment in December advanced by the most in nine months and the unemployment rate unexpectedly fell, capping another year of resilience in the labour market.
Nonfarm payrolls increased 256,000 following a slight downward revision to the prior two months’ figures, a Bureau of Labor Statistics report showed Friday.
Europe:
German Company Insolvencies Jumped in 2024 as Economy Shrank
German company insolvencies jumped almost 17% in 2024 as the country’s businesses buckled under the strain of a shrinking economy.
That initial reading doesn’t feature full numbers toward the end of last year, when the situation appears to have worsened. In October, the last month for which full data are available, the annual increase was 36%, German statistics office Destatis said Friday.
Asia:
Japan’s Household Spending Falls, Weighing on BOJ Rate Hike Path
Japan’s households cut consumption for a fourth month as inflation continues to weigh on their purchasing power, showing an economic fragility that’s likely to keep the Bank of Japan cautious about additional rate hikes.
Outlays adjusted for inflation fell 0.4% in November from a year earlier, led by household durable goods and clothing, the Ministry of Internal Affairs reported Friday.
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