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The Federal Employment Agency of Germany reported a reduction in the number of applications for unemployment benefits by 16 thousand in November, taking into account the seasonal factor, compared to October. The decrease in the indicator turned out to be more significant than the estimates of experts, who had predicted a decrease of only 10 thousand. At the same time, the unemployment rate in Germany reached 5% in November, which was the lowest value since January 1992. Data provided by the Federal Employment Service indicates that the German labor market remains strong. In November, registered vacancies increased in annual terms by 35 thousand, which indicates the current demand for labor in the country.
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
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 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
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 ...
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