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Transcripts for BBCNEWS Newsnight 20240604 21:48:00

But unemployment is still projected by most forecasters to peak at a much lower level than was widely expected last year. something similar has happened in the eurozone, where the jobless rate is still at a record low. yet it s in america where the good news on unemployment has been most astonishing. last year most forecasters expected it to shoot up to around 5.5% in 2023. instead it s still at 3.5%. that translates into some 3 million fewer americans jobless than anticipated. economists are not clear why the unemployment forecasts were so wrong, but for whatever reason, developed world labour markets have proved more robust in the face of fast rising interest rates than feared. it s not unalloyed positive news in the uk and the eurozone inflation is still proving worryingly sticky, which might be because the labour market is still too buoyant. yet in a world of depressing economic developments the resilience of developed world labour markets and the fact that fewer people have lost

Indian Morning Briefing: Asian Markets Higher Ahead of U.S. Jobs Report

European Midday Briefing: Stocks Waver As -2-

North American Morning Briefing: Stock Futures Trade Flat Ahead of July Jobs Data

Breaking: Bank of England Tapers QE, GBP/USD Jumps

Breaking: Bank of England Tapers QE, GBP/USD Jumps 2021-05-06 11:21:00 Justin McQueen, Analyst BoE Tapers QE Purchases to GBP 3.4bln from 4.4bln, GBP Rises BoE Leaves Bank & APF Unchanged As Expected BoE Upgrades Growth, Inflation and Unemployment Forecasts MONETARY POLICY: As widely expected the Bank of England maintained current monetary policy in a 9-0 vote with the interest rate left at 0.1%, however, the there had been an 8-1 vote split for leaving APF at GBP 895bln, with Haldane calling for the APF increase of GBP 150bln to be cut to GBP 100bln (BoE have currently used up GBP 70bln). Although, it is worth keeping in mind that while Haldane is the most hawkish member on the MPC, he will be leaving after the June meeting and thus this shift is not significant in the longer term.