December 4, 2025
United States:
US Layoff Plans Ease, But Still Most for November Since 2022
Announced layoffs at US companies fell last month after surging in October but were still the highest for any November in three years, according to data from outplacement firm Challenger, Gray & Christmas.
Companies announced 71,321 job cuts last month, the firm said Thursday. That was about half the total from the previous month, which recorded the most announcements for any October in more than 20 years.
Europe:
UK Firms Expect to Increase Wages by 3.8%, BOE Survey Finds
UK companies expect to increase wages by 3.8% over the next year, according to a Bank of England survey that’s likely to fuel concerns among some rate-setters about sticky inflation.
The Decision Maker Panel poll of chief financial officers will be closely scrutinized by officials at the UK central bank ahead of their crunch rates decision this month.
Asia:
BOJ Can Only Gauge Neutral Rate Within Wide Range, Ueda Says
The Bank of Japan can only estimate within a wide range where the so-called neutral interest rate might reside, Governor Kazuo Ueda said, as expectations mount over the likelihood authorities will get closer to that point with another hike this month.
“Regarding the neutral interest rate, unfortunately, it remains a concept that can only be estimated within a fairly wide range at present,” Ueda said in parliament on Thursday. “We don’t know where it lies, but how much interest rates, nominal ones, will ultimately rise and how much will be appropriate will depend on that. I would like to point out that there is some uncertainty.”
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