Latest news with #joblessRate
NHK
27-06-2025
- Business
- NHK
Japan's unemployment rate for May holds flat at 2.5%
Japan's internal affairs ministry says the country's jobless rate in May was unchanged from April at 2.5 percent. Data released by the ministry on Friday shows 1.83 million people were out of work, down 100,000 from a year earlier and the fourth straight month of decline. The data also shows 68.38 million people in employment in May, up 720,000 from the same month last year. That's the highest since 1953, when comparable data became available. The number of regular employees rose by 480,000 year-on-year to 37.23 million, the highest since 2013. Ministry officials say they view the employment situation as favorable, but they will continue to closely monitor employment and unemployment trends.
Yahoo
10-06-2025
- Business
- Yahoo
Jobless rate surges to highest since 2021 while pay growth eases sharply
Britain jobless rate surged to its highest level for nearly four years and pay growth for UK workers eased by more than expected as employers faced surging staff costs, official figures have shown. The Office for National Statistics (ONS) said average regular earnings, excluding bonuses, fell sharply to 5.2% in the three months to April, from 5.5% in the previous three months and the lowest since the third quarter of last year. While this is still outstripping inflation, up by 2.1% with Consumer Prices Index inflation taken into account, it was lower than predicted, with most experts pencilling in a fall to 5.3%. The rate of unemployment also jumped to 4.6% in the three months to April, up from 4.5% in the three months to March and the highest level since the three months to July 2021. The figures also showed vacancies tumbled by 63,000 to 736,000 in the three months to May, while payroll data revealed the biggest drop for five years last month, down 109,000 to 30.2 million. It coincided with firms facing a hike in national insurance contributions in April, which had been announced in October's budget. Liz McKeown, ONS director of economic statistics, said: 'There continues to be weakening in the labour market, with the number of people on payroll falling notably. 'Feedback from our vacancies survey suggests some firms may be holding back from recruiting new workers or replacing people when they move on.'
Yahoo
10-06-2025
- Business
- Yahoo
Jobless rate surges to highest since 2021 while pay growth eases sharply
Britain jobless rate surged to its highest level for nearly four years and pay growth for UK workers eased by more than expected as employers faced surging staff costs, official figures have shown. The Office for National Statistics (ONS) said average regular earnings, excluding bonuses, fell sharply to 5.2% in the three months to April, from 5.5% in the previous three months and the lowest since the third quarter of last year. While this is still outstripping inflation, up by 2.1% with Consumer Prices Index inflation taken into account, it was lower than predicted, with most experts pencilling in a fall to 5.3%. The rate of unemployment also jumped to 4.6% in the three months to April, up from 4.5% in the three months to March and the highest level since the three months to July 2021. The figures also showed vacancies tumbled by 63,000 to 736,000 in the three months to May, while payroll data revealed the biggest drop for five years last month, down 109,000 to 30.2 million. It coincided with firms facing a hike in national insurance contributions in April, which had been announced in October's budget. Liz McKeown, ONS director of economic statistics, said: 'There continues to be weakening in the labour market, with the number of people on payroll falling notably. 'Feedback from our vacancies survey suggests some firms may be holding back from recruiting new workers or replacing people when they move on.'
The Independent
10-06-2025
- Business
- The Independent
Jobless rate surges to highest since 2021 while pay growth eases sharply
Britain jobless rate surged to its highest level for nearly four years and pay growth for UK workers eased by more than expected as employers faced surging staff costs, official figures have shown. The Office for National Statistics (ONS) said average regular earnings, excluding bonuses, fell sharply to 5.2% in the three months to April, from 5.5% in the previous three months and the lowest since the third quarter of last year. While this is still outstripping inflation, up by 2.1% with Consumer Prices Index inflation taken into account, it was lower than predicted, with most experts pencilling in a fall to 5.3%. The rate of unemployment also jumped to 4.6% in the three months to April, up from 4.5% in the three months to March and the highest level since the three months to July 2021. The figures also showed vacancies tumbled by 63,000 to 736,000 in the three months to May, while payroll data revealed the biggest drop for five years last month, down 109,000 to 30.2 million. It coincided with firms facing a hike in national insurance contributions in April, which had been announced in October's budget. Liz McKeown, ONS director of economic statistics, said: 'There continues to be weakening in the labour market, with the number of people on payroll falling notably. 'Feedback from our vacancies survey suggests some firms may be holding back from recruiting new workers or replacing people when they move on.'
CBC
06-06-2025
- Business
- CBC
Windsor unemployment rate climbs to 10.8% in May
Windsor's jobless rate is the second highest in Canada for the second month in a row, according to new data released Friday by Statistic Canada. The seasonally adjusted three-month moving average rose a tenth of a percentage point to 10.8 per cent in May. Only Peterborough had a higher unemployment rate at 11.2 per cent. The Windsor number is more than two percentage points higher than it was in May of 2024, when the unemployment rate in the census metropolitan area sat at 8.5 per cent. The rate surpassed the 10 per cent mark in April. Nationwide, the unemployment rate rose 0.1 percentage points to seven per cent in May, the highest it's been in nine years outside of the pandemic, according to Stat Can. There has been virtually no employment growth since January after strong gains in the fall, the agency wrote in its latest labour force survey.
