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In the first quarter of 2018, unemployment in the UK, calculated according to the methodology of the International Labor Organization, was 4.2%, which is the lowest level since 1975, the Office for National Statistics reported. The level of employment reached the highest level since 1971 and was at the level of 75.6%. The number of seats in the British economy increased by 197 thousand compared to the previous quarter and amounted to 32 million 340 thousand. In annual terms, the increase in the number of employed people was 396 thousand. The average wage has reached its maximum since 2015, having increased by 2.9% in annual terms.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
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, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
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 ...
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