May 8, 2026
United States:
US Jobs Rise 115,000 in Strongest Two-Month Gain Since 2024
US employers added more jobs than expected for a second month and the unemployment rate held steady in April, indicating the labor market is holding up despite rising energy costs sparked by the Iran war.
Nonfarm payrolls rose 115,000 last month after an even bigger surge in March, marking the strongest two-month increase since 2024, according to Bureau of Labor Statistics data out Friday. The unemployment rate was unchanged at 4.3%.
Europe:
German Industrial Output Unexpectedly Falls for Second Month
German industrial production unexpectedly fell in March for a second month, adding to worries for Europe’s largest economy as it grapples with the Iran war.
Output dropped 0.7% from February, driven by declines in energy and machinery and equipment manufacturing, the German statistics office said Friday.
Asia:
Japan’s Real Wages Rise For Third Month to Keep BOJ on Hike Path
Japanese workers’ real wages rose in March for a third consecutive month, supporting the Bank of Japan’s case for further interest rate hikes even as the Middle East conflict clouds the economic outlook.
Inflation-adjusted wages increased 1% from a year earlier, slowing from a revised 2% gain in February, the labor ministry reported Friday.
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