rs from that of the SWS. The government's Labor Force Survey

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rs from that of the SWS. The government's Labor Force Survey

Сообщение tujue » 12 дек 2018, 11:32

NEW YORK Doug Baldwin Youth Jersey , Aug. 27 (Xinhua) -- U.S. stocks ended almost flat Wednesday, with the S&P 500 closing above the 2,000-point mark for a second straight day.


The Dow Jones Industrial Average rose 15.31 points, or 0.09 percent, to 17,122.01. The S&P 500 gained 0.10 point, less than 0. 01 percent, to 2,000.12, just above its previous all-time closing high of 2,000.02 set on Tuesday. The Nasdaq Composite Index lost 1. 02 points, or 0.02 percent, to 4,569.62.


The stock market took a breather, with the S&P 500 wavering around 2,000 points after the benchmark index closed above the milestone level for the first time on Tuesday.


In absence of important economic data, major stock indices opened slightly higher amid better-than-expected earnings from luxury goods retailer Tiffany.


Tiffany reported early Wednesday strong second-quarter results helped by solid sales growth in the Americas and Asia-Pacific regions. Its net income jumped 16 percent year over year to 124 million U.S. dollars, or 96 cents per share, in the second quarter, while net sales rose 7.2 percent. It also raised full-year profit outlook.


Investors also focused on China's e-commerce giant Alibaba's upbeat earnings for the most recent quarter released in its latest filing with the U.S. Securities and Exchange Commission Wednesday. Alibaba is expected to launch its initial public offering soon after Labor Day at the New York Stock Exchange.


According to its amended prospectus, Alibaba's net income almost tripled from a year ago to 1.99 billion dollars in the three months ending June 30, or 84 cents per diluted share, as revenue surged 46 percent to 2.54 billion dollars.


Investors are awaiting the Commerce Department's second estimate of U.S. gross domestic product for the second quarter scheduled for release Thursday.


Preliminary data from the department showed the U.S. economy grew at an annual rate of 4 percent in the second quarter after unexpectedly shrinking in the first three months of this year due to severe winter weather.


On the previous trading day, both the S&P 500 and the blue-chip Dow set record highs, as data showed that U.S. durable orders in July jumped the most since 1992 and U.S. July consumer confidence reached the highest level since October 2007.


The CBOE Volatility Index, often referred to as Wall Street's fear gauge, added 1.29 percent to end at 11.78.


In other markets, the dollar retreated against major currencies Wednesday and went down versus the euro on softened speculations that the European Central Bank would take more monetary easing measures next week.


In late New York trading, the euro rose to 1.3196 dollars from 1.3172 dollars in the previous session, while the U.S. dollar bought 103.88 Japanese yen, lower than 104.10 yen of the previous session.


Crude prices steadied as a government report showed U.S. crude inventories at Cushing, the contract's delivery point, increased last week, meeting expectations.


Light, sweet crude for October delivery edged up 2 cents to settle at 93.88 dollars a barrel on the New York Mercantile Exchange.


Gold futures on the COMEX division of the New York Mercantile Exchange dropped slightly as U.S. stocks continued advancing.


The most active gold contract for December delivery lost 1.8 dollars, or 0.14 percent, to settle at 1,283.4 dollars per ounce.


By Alito L. Malinao


MANILA, Aug. 19 (Xinhua) -- Out of a population of 100 million, some 11.8 million Filipinos are still jobless and there is an increasing pessimism among them of finding gainful employment soon, according to a recent survey conducted by a reputable survey firm in Manila.


The survey done by the Social Weather Stations (SWS) from June 27 to 30 showed that the jobless rate for the second quarter was 25.9 percent, barely changed from the 25.7 percent in the first quarter of the year, or 11.5 million jobless Filipinos.


The latest figure, however, is still below the record high of 34.4 percent unemployment rate in March 2012.


The definition of the SWS of joblessness covers respondents aged 18 and above who are without jobs at present and are looking for work. This excludes those not looking for a job such as housewives, students and retired or disabled persons.


The government's definition of unemployment differs from that of the SWS. The government's Labor Force Survey (LFS), which includes persons 15 years and above who are not working, are looking for work and available for work, showed the jobless rate in April at only 7 percent, or 2.92 million Filipinos.


The SWS said that if the availability requirement is included, the adult joblessness in June would still be at 15.2 percent, or an estimated 6.1 million Filipinos.


Analysts here said that the unemployment problem in the Philippines could worsen after the Philippine government decided to repatriate thousands of overseas Filipino workers (OFWs) from Libya, a country now wracked by lawlessness where rival militias, including Islamist groups, are battling for control of key population centers such as Benghazi and Tripoli.


According to the Department of Foreign Affairs (DFA), they have already ferried some 800 Filipino workers from Libya to Malta where they will take a chartered plane for the trip to Manila. Some 400 workers have already arrived in Manila from Malta.


The DFA said that they have decided to order the repatriation of all Filipinos from Libya after one Filipino construction worker was beheaded and another female nurse was abducted and gang-raped. There are more than 10,000 Filipinos, mostly skilled workers, in Libya.


Most of the Filipino migrant-workers, however, have decided to take their chances in Libya rather than return to the Philippines where there are no jobs, according to the DFA.


Even the World Bank and the Manila-based Asian Development Bank (ADB) have cited the count

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Re: rs from that of the SWS. The government's Labor Force Su

Сообщение voxzi » 22 сен 2020, 09:20

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