- Yahoo Finance Canada
Canada's labour market adds 27K jobs in May, unemployment ticks up to 6.2%
Canada’s labour market added a net 26,700 jobs in May while the unemployment rate ticked up to 6.2 per cent, Statistics Canada said on Friday.
- Benzinga
Taiwan Semi Rides AI Wave, Reports $7.1B Revenue In May
Taiwan Semiconductor Manufacturing Co (NYSE:TSMC) saw a 30% increase in May sales, reaching $229.6 billion New Taiwan dollars ($7.1 billion), due to high demand for AI and recovering consumer electronics. As the world’s largest contract chipmaker, TSMC produces semiconductors for Nvidia Corp (NASDAQ:NVDA), which supplies companies like Microsoft Corp (NASDAQ:MSFT) and OpenAI, Bloomberg reports. Additionally, global smartphone sales rebounded in early 2023, boosting mobile chip orders. Also Read:
- Reuters
"Eye-popping" May US payrolls jump may set back Fed ease
The Labor Department said on Friday that the unemployment rate ticked up to 4.0% for the first time since January 2022, while nonfarm payrolls increased by 272,000 jobs last month much more than the 185,000 forecast by economists polled by Reuters. “But this is a strong report, and it suggests that there are no signs of any cracks in the labor market.”
