unemployment

UK might need negative rates if recovery disappoints: BoE's Vlieghe

UK might need negative rates if recovery disappoints: BoE's Vlieghe

  • Vlieghe said in a speech published by the BoE that there was a risk of lasting job market weakness hurting wages and prices.
  • "In such a scenario, I judge more monetary stimulus would be appropriate, and I would favour a negative Bank Rate as the tool to implement the stimulus," he said.
Published 19 Feb, 2021 08:10pm
US MIDDAY: Gold slips
Markets

US MIDDAY: Gold slips

NEW YORK: Gold prices eased from a two-week high on Thursday as investors booked some profit following a rally in ...
Published 22 Jan, 2021 04:47am
Chile jobless rate eases to 10.8pc for Sept-Nov
World

Chile jobless rate eases to 10.8pc for Sept-Nov

  • Unemployment has been falling for four consecutive months after hitting a decade-long high of 13.1% in July.
  • The unemployment rate nonetheless remains 3.8 percentage points higher through November compared with the same period of the previous year.
Published 31 Dec, 2020 07:39pm
US weekly jobless claims stuck at higher levels
World

US weekly jobless claims stuck at higher levels

  • Initial claims for state unemployment benefits totaled a seasonally adjusted 860,000 for the week ended Sept. 12, compared to 893,000 in the prior week.
  • Fed Chair Jerome Powell said more fiscal support was likely to be needed, adding that though the labor market has improved "substantially" it was "a long way from maximum employment."
Published 17 Sep, 2020 05:54pm