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Unemployment surge from down under had eased in the last couple of weeks. More so, wages had increased as government support initiatives nursed the suffering economy, a record from the Australian Bureau of Statistics showed on Tuesday.
The ABS reported the employment rate hitting a 7.3% drop from March 14 to May 2. The reading within the seven-week duration placed above the initial record of 7.1% from March 14 to April 18. Jobs had decreased by 1.1% in the week ended May 2, after soaring 0.9% the previous week.
Wages recovered from a slump as it rose 0.9% in the week ended May 2. It advanced further after a 0.5% gain the week before. Overall wages paid were monitored to have dropped 5.4% between mid-March and early May. It came way smaller than the 8.2% decline monitored between mid-March and mid-April.
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
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