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In February, a slowdown in US employment growth was recorded, the figure fell to its lowest level since September 2017. According to the country's Department of Labor, in the second month of the year only 20,000 jobs were created, which is explained by the reduction in wages in the construction and a number of other areas. At the same time, there was a decrease in the unemployment rate to 3.8% from 4% in January, while the experts had predicted a level of 3.9%. Economists also expected a rise in the number of jobs by 180 thousand in the non-agricultural sector. According to previously published data from the Federal Reserve System, employment growth in most areas was moderate. And the Institute for Supply Management pointed to a decline in employment in the service sector and manufacturing industry. Wages rose by 3.4%, noting the largest increase since April 2009.
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 ...
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 ...
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 ...
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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