Canada lost 24,800 jobs in January, surprising analysts who expected a small gain. Despite this, the unemployment rate fell to 6.5%, a 16-month low. Full-time employment increased by 44,900 jobs, while part-time positions dropped sharply by 69,700. Analysts say the decline in unemployment mainly reflects fewer people actively seeking work. The manufacturing, educational services, and […]
labor market
US workforce aging rapidly, survey shows
WASHINGTON: The American workforce is growing older at an unprecedented pace, according to a new survey released Tuesday by the US Census Bureau, highlighting demographic challenges for the nation’s labor market. Workers aged 55 and above have been the fastest-growing group for more than two decades, rising from 10 percent of the labor force in […]
Dollar retreats as investors bet on Fed rate cut
SINGAPORE: The U.S. dollar weakened in early Asian trading on Friday, reversing gains made earlier this month as investors turned cautious amid a lack of official U.S. labor market data. The dollar index, which tracks the greenback against six major currencies, fell 0.5% to 99.674. With the U.S. government shutdown delaying the release of the […]