Latest news with #unemploymentrate
Yahoo
11-07-2025
- Business
- Yahoo
Canada's economy added 83K jobs in June, defying expectations
Canada's labour market added a net 83,100 jobs in June and the unemployment rate dropped to 6.9 per cent, according to Statistics Canada data released on Friday. Financial industry experts had expected the job market to stay essentially flat last month, forecasting a net loss of 3,000 jobs, according to consensus estimates published by the Bank of Montreal. Expectations were for the unemployment rate to increase 0.1 percentage point to 7.1 per cent. Friday's data come in the shadow of renewed volatility in the Canada-U.S. trade relationship, after U.S. President Donald Trump threatened new tariffs late Thursday. The data also follow stagnant job numbers for May, with 8,800 jobs gained that month. The unemployment rate rose 0.1 percentage point to seven per cent in May. In a note published on July 4, Royal Bank of Canada economists Nathan Janzen and Claire Fan said they expect Canada's labour market should soon be reaching its low point, "with the unemployment rate peaking not far from where it is today." Domestic demand has held up, and the worst-case trade war scenarios "look less likely than they did a few months ago," they wrote, with business confidence improving and some hiring indicators showing stability. The employment numbers will be among new data under consideration by the Bank of Canada (BoC) ahead of its July 30 interest rate announcement. CIBC chief economist Avery Shenfeld wrote on Monday that "the steady drumbeat of higher unemployment in Canada" — the unemployment rate was 6.6 per cent in January — makes it more challenging for the BoC to justify holding rates steady. This story will be updated. John MacFarlane is a senior reporter at Yahoo Finance Canada. Follow him on X @jmacf. Download the Yahoo Finance app, available for Apple and Android. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-07-2025
- Business
- Yahoo
Tech hiring activity outpaces expectations, CompTIA Tech Jobs Report finds
3 of 4 tracking metrics in the positive for the month DOWNERS GROVE, Ill., July 3, 2025 /PRNewswire/ -- The unemployment rate for technology occupations dropped below 3% in June as companies added tech professionals to their payrolls, according to CompTIA, the leading global provider of vendor-neutral information technology (IT) training and certifications. Tech occupation employment, which encompasses companies in all industry sectors, increased by an estimated net new 90,000 workers for the month, according to CompTIA analysis of U.S. Bureau of Labor Statistics (BLS) #JobsReport data.1 The tech unemployment rate fell back below three percent to 2.8%, compared to 3.4% in May. The tech unemployment rate remains consistently lower than the benchmark national rate. Tech sector companies reduced staffing by a net 7,256 positions across all job role types in June. The tech manufacturing sector accounted for the largest share of job losses, mirroring the broader uncertainty in U.S. manufacturing activity. Following their common practice, the BLS issued an upward revision to last month's tech sector employment figures, boosting the gain by 400% to a net new 7,600 workers added to payrolls. "Tech employment showed surprising strength for the month given recent expectations," said Tim Herbert, chief research officer, CompTIA. "It's worth pointing out there is more to tech hiring than AI. The data continues to confirm employer hiring activity across many tech talent domains." Active employer job listings for tech positions reached 455,341 in June, with 47% of the total (211,924) newly added last month, according to CompTIA analysis of Lightcast job posting data. Demand was strongest for software developers and engineers, systems engineers and architects, tech support specialists, cybersecurity engineers and architects, and network engineers and architects. The AI Hiring Intent Index component of CompTIA's Tech Jobs Report continues to show the relative growth of employer hiring for an increasingly wide range of positions that now require some degree of AI fluency skills. Job listings for this category of hiring were up 153% for the month compared to the same period in 2024. Hiring for dedicated AI specialists, such as AI architects or AI engineers, is also growing rapidly but remains limited to certain types of employers. Employers continue to look at skills-based hiring to expand the candidate pool to fill tech staffing needs. Nearly 50% of June job postings did not specify a requirement for a four-year degree. These jobs are in a range of technology disciplines, including network support, tech support, database administration, network and systems administrators and web developers. Open positions are also widely available at all experience levels: 21% for workers with 0-3 years' experience; 30% for workers in the 4- to 7-year experience range; and 17% for candidates with 8 or more years in the workforce. Several metropolitan areas saw double-digit percentage increases in tech job postings from May to June, including Providence (21%), San Antonio (+21%), Baltimore (+14%) and Indianapolis (+14%). On a volume basis, Washington, New York, Dallas, San Francisco and San Jose had the largest numbers of job postings. The "CompTIA Tech Jobs Report" is available at About CompTIA CompTIA Inc. is the leading global provider of vendor-neutral information technology (IT) training and certifications. CompTIA unlocks potential in millions of aspiring technology professionals and careers changers. Working in partnership with thousands of academic institutions and training providers, CompTIA helps students build career-ready skills through best-in-class learning solutions, industry-recognized certifications and career resources. Learn more at Media ContactSteven OstrowskiCompTIAsostrowski@ 1 Labor market data from the U.S. Bureau of Labor Statistics and employer job postings from Lightcast may be subject to backward revisions. View original content to download multimedia: SOURCE CompTIA Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
03-07-2025
- Business
- Associated Press
Tech hiring activity outpaces expectations, CompTIA Tech Jobs Report finds
3 of 4 tracking metrics in the positive for the month DOWNERS GROVE, Ill., July 3, 2025 /PRNewswire/ -- The unemployment rate for technology occupations dropped below 3% in June as companies added tech professionals to their payrolls, according to CompTIA, the leading global provider of vendor-neutral information technology (IT) training and certifications. Tech occupation employment, which encompasses companies in all industry sectors, increased by an estimated net new 90,000 workers for the month, according to CompTIA analysis of U.S. Bureau of Labor Statistics (BLS) #JobsReport data.1 The tech unemployment rate fell back below three percent to 2.8%, compared to 3.4% in May. The tech unemployment rate remains consistently lower than the benchmark national rate. Tech sector companies reduced staffing by a net 7,256 positions across all job role types in June. The tech manufacturing sector accounted for the largest share of job losses, mirroring the broader uncertainty in U.S. manufacturing activity. Following their common practice, the BLS issued an upward revision to last month's tech sector employment figures, boosting the gain by 400% to a net new 7,600 workers added to payrolls. 'Tech employment showed surprising strength for the month given recent expectations,' said Tim Herbert, chief research officer, CompTIA. 'It's worth pointing out there is more to tech hiring than AI. The data continues to confirm employer hiring activity across many tech talent domains.' Active employer job listings for tech positions reached 455,341 in June, with 47% of the total (211,924) newly added last month, according to CompTIA analysis of Lightcast job posting data. Demand was strongest for software developers and engineers, systems engineers and architects, tech support specialists, cybersecurity engineers and architects, and network engineers and architects. The AI Hiring Intent Index component of CompTIA's Tech Jobs Report continues to show the relative growth of employer hiring for an increasingly wide range of positions that now require some degree of AI fluency skills. Job listings for this category of hiring were up 153% for the month compared to the same period in 2024. Hiring for dedicated AI specialists, such as AI architects or AI engineers, is also growing rapidly but remains limited to certain types of employers. Employers continue to look at skills-based hiring to expand the candidate pool to fill tech staffing needs. Nearly 50% of June job postings did not specify a requirement for a four-year degree. These jobs are in a range of technology disciplines, including network support, tech support, database administration, network and systems administrators and web developers. Open positions are also widely available at all experience levels: 21% for workers with 0-3 years' experience; 30% for workers in the 4- to 7-year experience range; and 17% for candidates with 8 or more years in the workforce. Several metropolitan areas saw double-digit percentage increases in tech job postings from May to June, including Providence (21%), San Antonio (+21%), Baltimore (+14%) and Indianapolis (+14%). On a volume basis, Washington, New York, Dallas, San Francisco and San Jose had the largest numbers of job postings. The 'CompTIA Tech Jobs Report' is available at About CompTIA CompTIA Inc. is the leading global provider of vendor-neutral information technology (IT) training and certifications. CompTIA unlocks potential in millions of aspiring technology professionals and careers changers. Working in partnership with thousands of academic institutions and training providers, CompTIA helps students build career-ready skills through best-in-class learning solutions, industry-recognized certifications and career resources. Learn more at Media Contact Steven Ostrowski CompTIA [email protected] +1.630.678.8468 1 Labor market data from the U.S. Bureau of Labor Statistics and employer job postings from Lightcast may be subject to backward revisions. View original content to download multimedia: SOURCE CompTIA
Yahoo
15-05-2025
- Business
- Yahoo
Target Corporation (TGT) – 'Walmart's Coming On – Target Better Stay Relevant,' Warns Cramer
We recently published a list of . In this article, we are going to take a look at where Target Corporation (NYSE:TGT) stands against other stocks that Jim Cramer recently discussed. In a recent appearance on CNBC's Squawk on the Street, Jim Cramer discussed recent employment data which covered nonfarm payrolls, the unemployment rate, and other details. The figures revealed that nonfarm payrolls grew by 177,000 in April which handily beat economists' forecast of 133,000. Additionally, despite worries about a growth slowdown, recessionary fears, and high interest rates, April's unemployment rate sat unchanged at 4.2%. Cramer gushed about the data and shared that it was the only data that mattered when it came to considering whether there would be a recession. He commented: 'Really strong numbers and it's one of those this right now the President has that, uh, Truth Social squib, about the Fed should cut. I think the difficulty is a positive difficulty. These are really good numbers and it's not like they're red hot in terms of inflation. I like the fact that a lot of them we haven't seen layoffs yet, from severance, remember from government, that was minus 9,000. The healthcare's up, it's just a good number! I mean, it's a number you expect and like to see when we're, you know kind of worried about a recession! It's a take the recession off the table number!' While the CNBC host admitted that some regions of the economy were weak, he nevertheless remained optimistic: 'We're supposed to have a pullback. We're just not getting it. Look there are spots that are weak but they tend to be aligned with outfits that aren't doing that well. . . I like these numbers, they make me feel like that the President should have said, uh, it's going to make it so that we might not have to cut rates but hang in there. Maybe things will not be so good so. I mean what does he, don't box yourself Mr. President. . .' Another theme that Cramer has discussed quite a lot in his morning show this year is the rally in the European stock market. In an April appearance, he remarked 'I think a lot of people say you know what, I keep sending money over there, and I win. So I'm gonna keep sending money over there. Those economies are being juiced by a wartime. . you know they're spending a lot.' This time around, he pointed out that the US was back. 'You know everyone's still talking about the big European rally, said Cramer. He added: 'Hello? It's been a US rally! Let's stop it already. That European rally it occurred, dynamite, I'm going over to Europe, I'll check it out myself.' Cramer then continued to gush about the jobs report. In fact, he called the reports the North Star of investing: 'I hate to be so simpleminded, but I've done, for one of my books I did this thing about what is the one statistic that you need to know. Over the past forty years. And the statistic is, this Friday. Once a month, you need to know this number. And if this number is true, and you have good employment growth, then you can just take it to the next three weeks. . . .take anything negative off the table because this is the number that is the North Star.' To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC's Squawk on the Street aired on May 2nd. For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Number of Hedge Fund Holders In Q4 2024: 56 Target Corporation (NYSE:TGT) is one of the biggest discount store operators in America. Despite the fact that such retailers typically do well in periods of economic uncertainty, the shares are down by 28% year-to-date. Target Corporation (NYSE:TGT) has struggled due to falling sales and competition from larger retailers such as Walmart. Cramer's previous comments about the firm have remarked that it could be hurt by tariffs. Here are his latest thoughts: 'No there are issues with what's going to happen and it's another reason, uh and I'm a small business champion, but another reason to buy Amazon. Because Amazon has, they have scale. Walmart has scale. When you talk to Amazon they say listen, we got, Walmart's coming on. Overall, TGT ranks 2nd on our list of stocks that Jim Cramer recently discussed. While we acknowledge the potential of TGT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than TGT but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
