Labor productivity in the US in the second quarter increased by 2.9%, which was the maximum increase since the first quarter of 2015, the final data of the country's Ministry of Labor showed. Experts had expected the growth rate of 3%. In the second quarter, labor costs fell by 1%, while analysts had predicted a decrease of 0.9%. In the processing industry, labor productivity increased by 0.9%, in the production of goods and services - by 5%. hourly wage for US citizens adjusted for inflation rose by 1.9% after rising 3.7% in the previous quarter.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
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 ...