Economy News
UNEMPLOYMENT HITS YOUNGER PEOPLE HARD
The lay-off rate rose to 4.1% in the three months to July, correlated with 3.9%. Chancellor Rishi Sunak said that encouraging people to get back into or getting new work was his main priority.
Category: Economy News
Economy News
MORE AND MORE PEOPLE LOSING JOBS IN THE U.S
Ramirez, 40, was initially told she might be called back after business picked up. But infections increased in Hawaii over the summer, and quarantine restrictions for visitors were extended, a blow to the state’s tourism-dependent
Economy News
Pandemic will cut off 19,000 American Airlines jobs
American Airlines said it would cut 19,000 jobs in October. The company suffers from a sharp decline in the number of airline passengers due to the Coronavirus outbreak. The cabin crew will have to put
Economy News
China’s economy continues to recover
Shares in the Asia Pacific were mixed in Thursday morning trade. According to the latest data, China’s economy continued to recover. Investors will monitor oil costs after oil refineries and oil rigs were closed before
Economy News
PRICE OF GOLD DEPENDING ON FED APPROACH TO INFLATION
Gold futures are dropping lower early Wednesday, although lower Treasury yields and a slightly lower U.S. Dollar, ahead of the minutes from the July Federal Reserve monetary policy conference that could establish the mood later
Economy News
DOLLAR RETURNS TO CUBA
The communist government of Cuba has forced its citizens to spend dollars at unique shops, establishing a difference between wealthy and poor. On a boulevard in Havana’s colonial district, groups of people waited expectantly because
Economy News
Mortgage rise, as landlords’ confidence rises in the U.S.
U.S. homebuilder meeting jumped for the third month in a row in August to meet its largest level ever as record-low interest rates arouse buyer traffic. Data revealed on Monday showed in the latest forecast
Economy News
Japan Announced Its Largest GDP Drop
Japan just announced its worst drop in GDP on record as the ongoing Covid-19 epidemic nick expenditure. The world’s third-biggest economy decreased by 7.8% in the second quarter compared with the previous quarter, the country’s
