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New Zealand’s employment rate dropped to its lowest level in April. It declined by 1.7% as the impact of the novel coronavirus and the restrictions it brought on social and economic activity continue to press, the statistics agency said on Thursday.
Statistics New Zealand had reported 37,500 jobs filed in April. It fell lower than April records as the figure came to be the worst reading since the country began job monitoring more than 20 years ago.
Meanwhile, the country’s business sentiment recovered in May. Though recuperation is evident, its outlook remains weak. In addition to this, 40% of the surveyed companies planned to trim their staff count, an ANZ Bank survey showed.
Out of all the participants who took part in the survey, 41.8% foresee that the economy will fluctuate in the coming months. It came lower than the 66.6% pessimism rate recorded in April. More so, 38.7% expect weak business activity, far smaller than the 55.1% expectation last month.
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 ...
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, ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
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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