Japan’s Labor Market Stays Tight, Supporting Wage Growth

-- Conditions in Japan’s labor market stayed tight in June, a development likely to keep sustained upward pressure on wages as companies compete to hire and retain workers.The unemployment rate edged lower to 2.5% in June from 2.6% a month earlier, the ministry of internal affairs reported Tuesday. Economists had expected the reading to hold steady at 2.6%. The number of workers rose by 370,000, with women leading the gains, while those without jobs increased by 20,000.

The Bank of Japan is looking for evidence that sustained increases in wages will spur a recovery in consumption and kindle demand-led price growth, creating a scenario that would allow authorities to further normalize monetary policy. The central bank will detail its plans for quantitative tightening when the board concludes a two-day meeting on Wednesday. About 30% of surveyed economists say an interest hike is also likely at that time.The BOJ is also expected to update its economic outlook.

NRA dodges government monitor in corruption case but must bar former exec Wayne LaPierre, New York court rulesPASADENA, Calif. — Former longtime “General Hospital” actor Haley Pullos was sentenced to five years of probation Monday after pleading guilty to felony drunken driving and serving three months in jail.Relations between Prince Harry and his father have sunk to a new nadir in the increasingly vituperative row over Harry’s security.

Vancouver, British Columbia-- - Beedie Investments Ltd. has entered into an amendment to the credit agreement dated July 28, 2022 , as amended by a first supplemental credit agreement dated as of February 26, 2023, a second supplemental credit agreement dated as of May 4, 2023, a third supplemental agreement dated as of February 20, 2024 and the Fourth Supplemental Credit ...Baltimore Orioles catcher James McCann was hit in the face by a pitch in Monday's game with the Toronto Blue Jays.

Aly Raisman Jokes Her Parents Are ‘A Lot More Relaxed’ at Paris Games 8 Years After Going Viral for Anxiously Watching Her Compete

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

US Job Market Shows More Signs of Slowing in ADP and Claims DataLabor data Wednesday offered more signs that the labor market is slowing down.
مصدر: BNNBloomberg - 🏆 83. / 50 اقرأ أكثر »

Labor market is 'rebalanced' as 'traditional' jobs pull backUS initial jobless claims fell to 235,000 last week, down 10,000 compared to the previous week. With unemployment still historically low, but the economy...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Fed's Goolsbee isn't worried about the cooling labor market yetThe unemployment has increased over the past two months now standing at 4.1 % for June. It's higher than the June 2023 rates of 3.4%, but is still...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

US firms point to slowing activity and softer labor market, Fed survey showsThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
مصدر: KitcoNewsNOW - 🏆 13. / 78 اقرأ أكثر »

Economist questions whether US labor market is really coolingThe US labor market and key inflation data have been in a back-and-forth cycle over which will ease up first, leading to cooling inflation. To talk more...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »

Fewer Americans apply for jobless claims last week as labor market remains sturdyFewer Americans filed for unemployment benefits last week as the labor market remains sturdy despite high interest rates.
مصدر: SooToday - 🏆 8. / 85 اقرأ أكثر »