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Canada's May unemployment rate at multi-year high
Unemployment rate ticks up to 7% in May from 6.9% in AprilTotal number of job additions at 8,800 Average hourly wage growth of permanent employees at 3.5%Economists say job report not bad amid tariffs in effectBy Promit MukherjeeOTTAWA, June 6 (Reuters) - Canada's unemployment rate in May jumped...Reuters
Fri, Jun 6
Canada's May unemployment rate at multi-year high
Unemployment rate ticks up to 7% in May from 6.9% in AprilTotal number of job additions at 8,800 Average hourly wage growth of permanent employees at 3.5%By Promit MukherjeeOTTAWA, June 6 (Reuters) - Canada's unemployment rate in May jumped to its highest level in almost nine years, excluding th...Reuters
Fri, Jun 6
Germany's Merz eyes car tariff offsetting mechanism after Trump talks
BERLIN, June 6 (Reuters) - German Chancellor Friedrich Merz said on Friday that he would pursue a deal under which U.S. cars could be imported into Europe duty free in exchange for tariff waivers on the same number of vehicles exported to the United States.Speaking at an event in Berlin just hours a...Reuters
Fri, Jun 6
TREASURIES-US yields rise after stronger than expected jobs gains in May
By Karen Brettell June 6 (Reuters) - U.S. Treasury yields rose after data on Friday showed that employers added more jobs than economists had expected in May, indicating that the labor market remains solid despite concerns that it will weaken. Employers added 139,000 jobs last month, above estim...Reuters
Fri, Jun 6
Stellantis, Ferrari workers in Italy agree salary increases over 2025-2026 period
MILAN, June 6 (Reuters) - Italy's largest automotive groups, led by Stellantis STLAM.MI, and unions on Friday signed an agreement for an overall 6.6% salary increase over the 2025-2026 period for their workers in Italy, further helping them cover the inflation peak in recent years.A first 3.7% i...Reuters
Fri, Jun 6
US tariff policy could cost Germany 90,000 jobs within a year, says labour office chief
BERLIN, June 6 (Reuters) - U.S. tariff policy could cost Germany 90,000 jobs within a year, the country's labour office head told Sueddeutsche Zeitung newspaper in an interview released on Friday.Federal Employment Agency chief Andrea Nahles was citing the Institute for Employment Research (IAB)...Reuters
Fri, Jun 6
Brazil's Lula bets on agriculture to drive higher growth in 2025
June 6 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Friday that growth in the agriculture sector may allow Latin America's largest economy to defy current projections and expand this year more than in 2024, when it notched growth of 3.4%.Lula's optimistic remarks diverge...Reuters
Fri, Jun 6
Brazil's Lula bets on agriculture to drive higher growth in 2025
June 6 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Friday that growth in the agriculture sector may allow Latin America's largest economy to expand this year more than in 2024, when it notched growth of 3.4%.Lula's remarks challenge his own government's official for...Reuters
Fri, Jun 6
