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The data which shows the UK could be close to full employment 

“The British recovery from the 2008 recession has been accompanied by a more than halving of the unemployment rate from 8.5pc in 2011 to 4.1pc in the third quarter of this year” writes Ben Marlow for telegraph.co.uk. This “jobs miracle” has been turned into political points for both parties in the UK, with Theresa May boasting of the record levels of employment at the 2017 election and Labour bemoaning the rise of flexible work and zero hours contracts.It is difficult to work out whether this jobs boom has been a…

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Markets News 

Canadian job growth surges in November

“In the previous month, Canadian employment rose 11,200” writes Kim Mackrael for marketwatch.com. Canadian job growth surged in November, surpassing market expectations by a wide margin, as gains in full-time hiring helped push the unemployment rate to its lowest level in more than 40 years.Market expectations were for the jobless rate to remain at 5.8%.The Canadian economy added a net 94,100 jobs in November on a seasonally adjusted basis, Statistics Canada said Friday.Market expectations were for an increase in employment of 10,000, according to economists at Royal Bank of Canada. Source:…

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U.S. job growth cools in November, monthly wage gains modest

“Construction employment rose by only 5,000 jobs after companies added 24,000 workers to their payrolls in October” writes Midwest Communications Inc for 95kqds.com. Manufacturing employment increased by 27,000 jobs last month after rising 26,000 in October.Employment growth could slow further in the months ahead.Transportation and warehousing payrolls rose by 25,400 jobs, driven by seasonal hiring. Source: 95kqds.com Share This:

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Markets News Stocks 

Strong wage growth may roil markets

“But the real headline was November’s rapid wage growth” writes Jack Shafer for politico.com. Strong wage growth in November reaffirmed the durability of President Donald Trump’s economy — but may incite more near-term turbulence in a stock market roiling from the administration’s trade policies.The November wage figure may signal that rising wages were not a momentary blip but a sustained trend as the labor market reaches full employment.Signs of incipient inflation, combined with continued strong job growth, increase the likelihood that the Federal Reserve will raise interest rates later this…

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Markets News Regulators 

U.S. employment report seen calming fears over economy

“A strong employment report would allay fears about the economy’s health and increase the probability of the Fed raising interest rates more than once next year” reports businessinsider.com. An early Thanksgiving is expected to have boosted retail employment while transportation and warehousing payrolls probably rose, driven by seasonal hiring. Manufacturing employment is forecast increasing by 20,000 jobs last month after rising 32,000 in October.Nonfarm payrolls probably increased by 200,000 jobs last month, according to a Reuters survey of economists, after surging 250,000 in October.Minutes of the Fed’s November policy meeting…

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Service sector grows in November despite tariff, employment concerns

“A reading above 50 percent indicates the non-manufacturing sector economy is generally expanding” writes Thomas Franck for cnbc.com. The ISM non-manufacturing index rose to 60.7 last month.Economists polled by Refinitiv expected the ISM non-manufacturing index to hit 59.7 for November, down slightly from 60.3 in October.”The non-manufacturing sector continued to reflect strong growth in November.The U.S. services sector expanded in the month of November, according to data released Thursday by the Institute for Supply Management. Source: cnbc.com Share This:

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Is the economy hesitating, or just refreshing?

“The sleepwalking economy seemed to awaken, rub its eyes, and begin to trot” reports washingtonexaminer.com. An examination of employment growth for the economy reveals a somewhat similar sleepwalking and waking up phase that follows the lending pattern.After January 2018, lending accelerated until around July this year, when the growth rate plateaued and now hesitates.Whether because of tax cuts, deregulation, higher consumer confidence, or the sudden surge of animal spirits, the economy stirred.If so, what we are seeing now may later be labeled the policy pause that refreshed the economy. Source: washingtonexaminer.com…

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GM’s layoffs signal a deeper problem for Indiana and Midwestern factory workers

“Our current run of factory job growth is likely near its end, leaving us far short of our 2007 levels” writes Michael J for marketwatch.com. Rather it is about fundamental economic conditions surrounding factory job losses, and how poorly we are facing these inevitable challenges.Economic development strategies that mention factory employment growth are themselves exercises in stubborn, willful ignorance.In my home state of Indiana, the government’s human capital policies increasingly emphasize preparing workers for a job.Yet, the career focus of Indiana’s K-12 and workforce development system is moving resources away…

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Trump is right, jobs for black Americans abound. Here’s why it may not last

“That is what happened during the last recession, when white unemployment peaked at just over 9 percent while black unemployment shot above 16 percent” writes Midwest Communications Inc for 95kqds.com. The fear is that will repeat itself, and that after outsized gains during the upswing, relatively more black workers will lose their jobs when leaner times arrive.The black unemployment rate far outstrips the national average, now at 3.7 percent, and since reaching that record low in May has crept up to 6 percent and above even as white unemployment keeps…

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