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According to the US Department of Labor, last week ending May 4, the number of Americans, who applied for unemployment benefits for the first time, fell by 2,000 to 228,000, while economists had expected a more significant decline to 220,000. Analysts believe that the fact that the indicator turned out to be higher than market expectations indicates a possible slowdown in the American labor market, although the ministry explained the instability of applications for benefits in recent weeks with different times of Easter holidays and school spring breaks. The April unemployment rate in the United States was the lowest in almost 50 years, 3.6%, while the US economy added 263,000 new jobs. The number of US citizens who repeatedly applied for unemployment benefits, for the week ending April 27, increased by 13 thousand to 1 million 680 thousand people.
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 ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
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 ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
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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