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Unemployment in Australia fell to 5.3% in July from 5.4% in the previous month, according to figures from the Australian Bureau of Statistics. The July unemployment rate in the country has become minimal for six years. Analysts did not expect the change in the indicator in July. The number of Australian citizens working full-time grew by 19 thousand 300 people per month. The number of partially employed Australians increased by 23 thousand 200 people. The share of labor in the total number of able-bodied population was 65.5% last month, dropping from 65.7% a month earlier. The target level of unemployment for the Reserve Bank of Australia is 5%, which the Central Bank expects to achieve by the end of 2020.
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 ...
On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...
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 second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
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