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According to Eurostat, unemployment in the euro area was 7.5% in May, the lowest level since July 2008. Economists had predicted that the index in May would remain at the April's level of 7.6%. A total of 12.348 million unemployed people were registered in the euro area. Their number fell in May by 103 thousand, and compared to May of last year, the figure fell by 1.133 million people. In the European Union, unemployment stood at 6.3% in May, reflecting its lowest level since January 2000. A month earlier, unemployment was at 6.4%. The number of registered unemployed for May decreased by 71 thousand to 15.653 million people. Over the year, the figure fell by 1.277 million people. The Czech Republic showed the lowest unemployment rate - 2.2%. Germany was the next country with the lowest unemployment rate, its figure was at the level of 3.1%.
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 ...
Australia had seen its employment rate dropping 1.1% between mid-June and mid-July, weekly data showed on Tuesday. In addition to this, the southeastern state of Victoria recorded the sharpest plunge in employment as the state suffers from ...
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 ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
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