Posted 1/9/2024, 7:56:00 AM
Eurozone Job Market Resilient Despite Economic Struggles; Hiring and Spending Slowdowns Hit UK and Boeing
- Eurozone unemployment fell to 6.4% in November, a joint record low, suggesting labor market remains strong despite economic weaknesses
- Hays, the global recruitment firm, reported a 10% drop in fees last quarter due to hiring slowdowns, especially in December
- UK retail sales grew just 1.7% in December, down from 7% a year earlier, as consumers cut back spending
- Boeing facing crisis over loose parts found on some grounded 737 Max jets, days after mid-air blowout on an Alaska Airlines plane
- German industrial production fell 0.7% in November, extending downturn amid weak demand, energy uncertainty, and possible inventory reduction