The Federal open market committee (FOMC) will make its monetary policy statement and announce the interest rate on March 20, 20:00 MT time.
China's survey-based jobless rate goes down to fifteen-year minimum in 2017
In 2017, China's survey-based jobless rate went down to 3.9%, which is the lowest result since 2002. Apparently, it has appeared to be the Asian country’s first economic rebound for seven years. That’s what the Ministry of Human Resources and Social Security told on Friday.
In 2017, China managed to generate a record-maximum of up to 13.51 million new jobs – an ascend of 370,000 versus 2016, according to an official transcript of the ministry’s press briefing published on the web.
This year employment prospects are expected to be more complicated because of still dominating economic uncertainties both abroad and at home. However, market experts hope that the country’s labor market would still be steady in general.
In 2017 up to 380,000 employees were relocated from heavy industries, including coal and steel under a government-led initiative to diminish excess capacity, as the ministry informed.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…