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The US non-farm sector in November increased the number of employed by 155 thousand, slowing growth rates compared with an increase of 237 thousand in October. Experts had expected growth rate of 200 thousand jobs. The lowest level of employment in 8 months was recorded in the construction industry, due to colder than usual weather. Construction companies created in November only 5 thousand jobs against 24 thousand in October. The manufacturing industry has increased the number of jobs by 27 thousand. The average hourly wage rose by 0.2% compared to October. Its growth in annual terms was 3.1%. Economists believe that the data for November may affect plans to raise interest rates of the Federal Reserve System in 2019. According to their estimates, instead of two raises, rates can be raised once.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Australia had seen its employment rate dropping 1.1% between mid-June and mid-July, weekly data showed on Tuesday. In addition to this, the southeastern state of Victoria recorded the sharpest plunge in employment as the state suffers from ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
After a steep decline at the start of the year, China’s economy showed vast recovery in the second quarter despite still getting plagued with major economic debacles in weak domestic consumption and investment amid the unrelenting coronavirus ...
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