Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
– Statistics Canada (StatCan) reported on Friday that the country’s unemployment rate was steady at 5.8 per cent in December compared to the month before. The economy added a mere 100 jobs in total last month while having lost 23,500 full-time positions. Jobs in the professional, scientific and technical services sector jumped by 45,700 in December, but the wholesale and retail trade sector lost 20,600. Economists had expected a gain of 15,000 jobs and a 5.9 per cent unemployment rate.
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Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. –…
– The United States Labor Department reported on Friday that 216,000 jobs were added in December while the unemployment rate remained at 3.7 per cent. The jobs added last month exceeded the 173,000 new jobs gained in November. December was the 23rd straight month that the unemployment rate was below four per cent.
– In the United Nations’ economic report, the world body projected 2.4 per cent global economic growth for 2024, exceeding expectations but down from 2.7 per cent in 2023. The report also projected the U.S. economy to grow only 1.4 per cent in 2024, down from 2.5 per cent in 2023. Meanwhile, the European Union economy would grow by 1.2 per cent, while China’s would expand by 4.7 per cent and India’s would rise 6.2 per cent. The report cited high interest rates, geopolitical conflicts and climate change for the reduced growth in the worldwide economy.
