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Jobs report: Why Recruiter.com's CEO 'wasn't surprised' by the unemployment data

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The August jobs report showed a slight uptick in unemployment, which rose to 3.8%, up from 3.5% in July. Recruiter.com Chairman and CEO Evan Sohn explains that when looking at data from his company's Recruiter Index “the August Recruiter Index was the lowest ever”, and was the fourth month in a row of lower numbers. As a results, Sohn says he 'wasn't surprised' by the rise in the unemployment numbers. Sohn also notes that “Wall Street’s rewarding companies for achieving their earnings through cutting costs,' and that job cuts are one of the easiest way for companies to bring their costs down.

You'll be surprised to learn that Dubai has these ten things...The Canadian dollar edged higher against its U.S. counterpart on Thursday but the currency was still down sharply in August as a slowdown in China's economy pressured commodity-linked currencies. For the month, the currency lost 2.4%, its biggest monthly decline since February. "The laggards among G10 currencies are predominantly the commodity complex," said Michael Goshko, senior market analyst at Convera Canada.

But a weaker currency also poses the threat of higher prices for everyday people in Russia — and the government has finally moved to halt the drop. Here are key things to know: WHY IS THE RUBLE FALLING? Russia is selling less abroad — mainly reflected in falling revenue from oil and natural gOTTAWA -Canada's economy unexpectedly contracted in the second quarter at an annualized rate of 0.

 

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