Online Forex broker
China's registered urban unemployment rate went down below 4% for the first time in years. Undoubtedly, it’s a hopeful sign that slower economic surge isn’t generating the massive unemployment, which could potentially provoke social instability.
On Tuesday, the social security ministry told that 3.34 million new jobs were generated during the first quarter.
The registered urban unemployment rate hit 3.97% at the end of the first quarter, as Ministry of Human Resources and Social Security official Lu Aihong revealed at a news conference.
China has kept employment mostly stable even as economic surge has decreased to a 26-year minimum and the authorities shut down outdated industrial capacity, although many experts say the official figure appears to be an unreliable indicator of nationwide employment conditions.
On an annual basis, in 2001 the official unemployment rate dipped below 4%, when it was 3.6%, as the National Bureau of Statistics disclosed. The rate actually concluded 2016 at 4.02% after not budging from 4.1% during 2010-2015.
In September, China's new home prices managed to surge at a firm tempo, backed by profits in smaller cities and demonstrating that the market was still resilient notwithstanding pressures from softer investment, a decelerating economy as well as…
In September, American home sales went down by the most for more than two years due to the fact that the housing market kept struggling notwithstanding strength across the broader American economy…
In September, Britain's authorities faced a smaller budget deficit than anticipated, although the improvement won’t probably help a lot to have minister Philip Hammond financed as he’s working on his annual budget…
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…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
