The first part of the week was more than optimistic for Bitcoin. However, now it is going through the correction phase.
British labor market strength weakens fast in April
UK companies' demand for staff tacked on at the slowest pace since 2012 in April, as follows from Thursday’s poll, which dropped a hint that the labor market might be weakening.
As a matter of fact, the monthly index of staff demand provided by the Recruitment and Employment Confederation as well as accountants KPMG headed south to 53.6 from March’s outcome of 55.5 that happens to be its lowest reading since August 2012.
The poll also revealed slower pay surge, something the Bank of England told the previous week it had recently observed signs of.
As for starting salaries for new permanent staff, they headed north by by the smallest amount for two years, although pay surge for temporary employees improved a bit.
In the United Kingdom, business confidence inched down in the run-up to the original Brexit date of March 29, while surge in much of the rest of the world has gone down.
In addition to this, job creation tacked on ahead for the three months to February, thus suppressing the unemployment rate and bringing it to its lowest value since 1975 - 3.9%.
While the previous week, the Bank of England forecast the unemployment rate would head south a bit further, but as follows from Thursday's REC survey, the labor market is already speeding down.
The given report displays how the British jobs market has increased, with both employers and job seekers waiting to see which direction Brexit is going to take in the near future, as some analysts pointed out.
Other business polls have also indicated decreasing hiring intentions among UK businesses.
On Wednesday, China posted shockingly weaker surge in retail sales as well as industrial output for April, thus increasing pressure on the Chinese cabinet to roll out more stimulus because the trade conflict with America escalates…
In April, American import prices surged less than anticipated in April due to the fact that jumps in the cost of food and petroleum were tamed by the largest tumble in the price of capital goods for a decade, dropping a hint at the fact that inflation…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…