US U-6 Unemployment Rate (Jan) 8% (Prev. 8.4%)
The decline in the U-6 unemployment rate to 8% from 8.4% suggests a modest improvement in labor market conditions, encompassing broader definitions of unemployment, including those marginally attached to the workforce.
BMW (BMW GY) is recalling vehicles from several models globally, Bild reports citing KFZ; 575k vehicles worldwide are affected.
[MARKET UPDATE] USD/JPY sharply moves lower from 154.35 to 152.99 in a sharp move post the NFP rise, despite a lack of headlines; Note Japanese markets were closed overnight amid a domestic holiday
US U-6 Unemployment Rate (Jan) 8% (Prev. 8.4%)
UK government is reportedly considering a new Help to Buy scheme for first-time buyers, The Telegraph reports
German Foreign Minister says Central Asia needs to do more to follow the EU's sanction against Russia
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This improvement could influence expectations around economic recovery and may impact policy discussions regarding stimulus and interest rates. However, it's essential to see how this aligns with other labor indicators to assess its sustainability and broader implications for the growth-inflation mix.
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