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Unemployment in the US in April fell below 4% for the first time since 2000 to 3.9%. During the previous 6 months, unemployment was at the level of 4.1%. According to the US Department of Labor, the number of jobs in the US economy in April rose by 164 thousand. Analysts had predicted an increase in the figure by 193,000 places and a drop in the unemployment rate to 4%. Average hourly wages increased by 0.1% compared to March and by 2.6% in annual terms. In April, the share of the population's participation in the labor force decreased to 62.8% from 62.9% a month earlier. Analysts had expected an increase to 63%. Since the unemployment rate in the US is below the level that the Fed considers a long-term norm, in the future it is possible to expect upward pressure on wages and inflation in the country.
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, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
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 ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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