In April this year consumer prices in Great Britain edged up by 0…
British employment dips in the third quarter
In Great Britain, the overall number of people in work went down by the most for more than two years for the last three months to September. It’s a fresh sign of weakness in the country’s Brexit-bound economy, as official data disclosed on Wednesday.
Additionally, the inactivity rate, which is a measure of folks not in work and not looking for a job, tacked on by the most in almost eight years, as the Office for National Statistics informed.
The data revealed that the unemployment rate kept to a four-decade minimum of 4.3% as the number of folks in employment went down by 14,000, while pay surge was still much slower than inflation.
As the ONS told, employees’ total earnings, including bonuses, rallied by an annual 2.2% for the three months to September versus 2.3% for the three months to August.
It turned to be weaker than the latest 3% outcome of UK consumer price inflation.
Financial experts, who took part in a Reuters survey, had expected wage surge of 2.1%.
The US dollar managed to recover after a slight fall. The US dollar index is near $93.80.
It seems like the rally of the greenback has ended. On Monday, the US dollar index was below $93.50. Tuesday’s attempts to recover are not successful. The index is below $93.40. No important economic data will be released today.
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…