Canadian jobless rate declines to 7.4% in February

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Source: Bloomberg
The unemployment rate in Canada dropped from 7.6% in January to 7.4% in February reported Statistics Canada on Friday. In contrast workforce slumped by 37,900 which is the biggest fall since January 2009. Analysts questioned by Bloomberg predicted a surge of 15 000 payrolls and unchanged jobless rate at 7.6%.
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Mon, 12 Mar 2012 07:46:41 GMT

India's manufacturing output expanded sharply in January

India's production output accelerated in January making the sharpest growth in 7 months. The output at mines, factories and utilities climbed 6.8% when compared on annual basis after a 2.5% surge in December, reported Central Statistics Office on Monday. The reading outperformed analysts' expectations. 

Mon, 12 Mar 2012 07:18:57 GMT

US payrolls increased by 227 000 in February

The number of new hirings climbed by 227 000 in February while the unemployment rate stayed unchanged at 8.3% matching economists expectations, reported Labor Department on Friday. The main gains in payrolls came from new jobs in food services, computer systems design and drinking establishments. Nevada, Florida, Arizona and California were the best performing states in labour expansion. 

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