Australia jobless rate falls to 9-month low, may head off rate cut
Thursday, 23 January 2020 08:59 WIB | ECONOMY |Ekonomi Australia
Australian employment outpaced forecasts for a second month in December pushing the jobless rate to a nine-month low, a much-needed improvement that could forestall a near-term cut in interest rates.
The local dollar climbed 0.47% to $0.6874 as the market pared the chance of an easing from the Reserve Bank of Australia (RBA) at its next policy meeting on Feb. 4.
Thursday™s data showed 28,900 net new jobs were created in December, beating forecasts of 15,000 and on top of a surprisingly strong 38,400 gain in November.
The unemployment rate edged down a tick to 5.1%, the lowest reading since march last year and again under forecasts.
Friday, 22 May 2020 13:44 WIB
A nationwide lockdown due to the coronavirus outbreak triggered a record fall in U.K. retail sales in April, the Office for National Statistics reported Friday.
The volume of sales fell 18.1% in Apri...
Thursday, 21 May 2020 21:27 WIB
U.S. private sector firms reported a slightly slower rate of contraction in activity in May, according to latest PMI data from IHS Markit.
The firm said its flash manufacturing purchasing index rose ...
Thursday, 21 May 2020 19:56 WIB
Millions more Americans filed for unemployment benefits last week as backlogs continue to be cleared and disruptions from the novel coronavirus unleash a second wave of layoffs, pointing to another mo...
Thursday, 21 May 2020 16:05 WIB
The IHS Markit/CIPS flash U.K. composite purchasing managers index rose in May to a reading of 28.9 from 13.8 in April. Manufacturing PMI rose to 40.6 from 32.6 while services PMI rose to 27.8 from 13...
Thursday, 21 May 2020 15:16 WIB
Germany's private sector recession eased in May as a loosening of lockdown measures in the coronavirus crisis helped services and manufacturers in Europe's largest economy gain some ground, a survey s...