More new jobs added in US as unemployment eases
US nonfarm payrolls increased more than expected in October and the unemployment rate fell to 4.1 percent, suggesting the labour market remained resilient and giving the Federal Reserve more scope to focus on inflation stemming from the Middle East conflict. Payrolls jumped by 165,000 jobs last month after an upwardly revised 60,000 gain in September, the US Labor Department's Bureau of Labor Statistics said on Friday. Economists polled by Reuters had forecast payrolls advancing 65,000 after a previously reported 29,000 increase in September. Estimates ranged from 35,000 to 125,000 jobs. Economists estimated the economy needed to create at least 40,000 jobs per month to keep up with growth in the working-age population. The so-called breakeven rate has declined from roughly 150,000 in 2024 because of the smaller labour force. The unemployment rate declined from 4.2 percent in September. Historically low layoffs and a recent jump in job openings have raised the prospect of labour market tightening. But economists and US central bank officials have maintained that the labour market poses no inflation risk. Some economists have argued that a shrinking supply of workers amid an immigration crackdown and retirements is the primary driver of the relatively low unemployment rate. Meanwhile, Canada's unemployment rate went up to...
Read full articleMore News
Trump says FBI investigating Nvidia boss's affair with alleged Chinese spy
The US president said he spoke with Jensen Huang on Monday and asked him about the affair with the alleged spy.
Justice Dept. Accuses Lyft of Disability Discrimination in Lawsuit
The department said Lyft and its drivers routinely deny rides to people who use stowable wheelchairs or travel with service animals. Lyft disputed the allegations.
Final chapter for bookshop after rise in bills
The Chicken and Frog in Brentwood says business rates and electricity bills have risen dramatically.
New chief outlines main issues facing Isle of Man
The chief minister says connectivity and food storage were among his top government priorities.
Australia considers criminal penalties for rogue AI in wake of OpenAI hack
AI safety regulator will also be created after a rogue OpenAI agent hacked government websites.
‘We Used to Be a Wealthy City’: Auto Woes Slam German Towns
The downturn in the automotive industry has done away with services and benefits that residents of Friedrichshafen, a lakeside city, once enjoyed.
Californians reject wealth tax for billionaires
Proposition 40 targeted Californian billionaires with a 5% tax on their total wealth, including assets such as shares as well as income.
Lawsuit Says Republican Strategist Alex Bruesewitz Took Money From Qatari Interests
The suit claims that any payments to Alex Bruesewitz, a Republican strategist, could have violated federal law. He has denied ever taking such funds.
Qantas to outsource 850 local jobs with most roles moving to India
The Australian airline said the move was aimed at modernising its IT systems and noted the impact of AI.
Exxon Strikes Preliminary Deal to Return to Venezuela
The agreement brings the biggest U.S. oil company a step closer to pumping oil again in Venezuela, nearly two decades after it left the country.
I took Vinted to court to get my money back
The BBC hears from Vinted sellers who describe difficulties accessing money held in their online wallets.
The superpower battle over energy – and what it means for your bills
A tug-of-war between China and the US could have a big impact on energy costs, but who will win?