US weekly jobless claims rise; continued claims at 10-month high

Weekly jobless claims increase by 4,000 to 230,000 Continuing claims increase by 62,000 to 1.671 million WASHINGTON, Dec. 8 (Reuters) – The number of Americans filing new claims for unemployment benefits rose slightly last week, while the unemployment rate hit a 10-month high in late November, suggesting the job market was gradually slowing. Still, labor … Read more

‘The worst is yet to come’: the curse of high inflation

Dec. 8 (Reuters) – People around the world are experiencing inflation at levels not seen in decades, as prices rise for essentials such as food, heating, transport and accommodation. And while a spike could be in sight, the effects could get worse. How did we get here? In two words: pandemic and war. A long … Read more

“We are not your enemy,” say South Korean truck drivers striking for minimum wage protection

UIWANG, South Korea, Dec. 5 (Reuters) – In five white tents outside the Uiwang container depot near Seoul, about 200 striking truck drivers huddle around gas heaters in an attempt to combat the bitter cold and government narrative that they are well-paid “labor aristocracy”. .” They are all too aware of the impact their strike … Read more

UK economy shrinking in 2023, risks ‘lost decade’: CBI

LONDON, Dec 5 (Reuters) – The UK economy is on track to contract by 0.4% next year as inflation remains high and companies postpone investment, with dismal implications for longer-term growth, the Confederation of Business Industry Monday. “Britain is in stagflation – with skyrocketing inflation, negative growth, falling productivity and corporate investment. Businesses see potential … Read more

Chinese services activity shrinks to 6-month low – Caixin PMI

BEIJING, Dec. 5 (Reuters) – China’s services activity contracted to a six-month low in November as mounting COVID containment measures weighed on demand and activity, a private sector business survey found on Monday, pointing to a further blow to economic growth. The purchasing managers’ index (PMI) of Caixin/S&P Global services fell from 48.4 to 46.7, … Read more

Exclusive: Twitter exec says to move fast with moderation as malicious content increases

Dec 2 (Reuters) – Elon Musk’s Twitter is leaning heavily on automation to moderate content, doing away with certain manual reviews and favoring distribution restrictions rather than removing certain speech outright, the new head of trust and security told Reuters. Twitter is also more aggressively restricting abusive hashtags and search results on topics such as … Read more

One day, secretive job search becomes a darling of the Fed’s eye

WASHINGTON, Nov 29 (Reuters) – As a graduate student at Harvard University in the 1980s, Katharine Abraham tried to fill a gap in US economic data by compiling a labor demand estimate, essentially a best estimate of the number of open jobs in the United States. country. She drew on a patchwork of data, including … Read more

Amazon employees protest on some German, French sites on Black Friday

Actions part of global call by Make Amazon Pay initiative Demonstration calls for better pay Amazon says no disruption to operations BERLIN/PARIS, Nov 25 (Reuters) – Some employees at Amazon (AMZN.O) branches in Germany and France took down tools on Black Friday as part of a global move to target the online retailer on one … Read more

China’s COVID infections hit a record as economic outlook worsens

China hit record high during the Shanghai outbreak in April Cabinet hints at reduction of reserve ratio requirement (RRR) Nomura cuts China’s GDP targets as lockdowns expand Chinese stocks fall, lagging rise in global stocks BEIJING, Nov 24 (Reuters) – China reported a record number of COVID-19 infections on Thursday, with cities across the country … Read more

Foxconn’s huge iPhone factory in China rocked by new worker unrest

Images on the internet show hundreds of workers protesting Surveillance cameras and windows smashed by men with sticks Workers complain about unpaid wages and insufficient food Foxconn says it is working to prevent a recurrence of violence SHANGHAI/TAIPEI, Nov 23 (Reuters) – Hundreds of workers took part in protests at Foxconn’s (2317.TW) flagship iPhone factory … Read more