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More quantitative tightening despite labour market not at maximum yet

Per the Reserve Bank of Australia announcement, the Board decided to increase the cash rate target by 25 basis points to 4.10 per cent. It also increased the interest rate paid on Exchange Settlement...

Record low EI recipients in Canada; US initial claims decrease

In March, 388,000 Canadians received regular Employment Insurance (EI) benefits, little changed from February. The number of regular EI recipients in March 2023 was the lowest on record (outside of the period when the...

More workers add to US and Canada Labor force increase

According to the Statistics Canada, the national statistical office, employment rose by 104,000 (+0.5%) in December, and the unemployment rate declined 0.1 percentage points to 5.0%, just above the record low of 4.9% reached...