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Between March and May, unemployment in the UK did not change, keeping the 44-year-old low of the previous three months at 3.8%. Economists also did not expect a change in the indicator. At the same time, a slight decrease in the level of employment was observed in the country in the specified period - up to 76%. The wages of workers, which do not include bonuses, increased by 3.6% in annual terms. The total wage rate, taking into account premiums, rose by 3.4%, which was higher than market growth by 3.1%. The hiring rate is slowing as British employers are becoming more and more cautious about this issue due to the withdrawal from the EU. According to estimates of the Bank of England, wages for the current year will rise by 3%. In June, unemployment in the country rose to 3.2% from the May value 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 ...
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 ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
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 ...
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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