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Unemployment Benefits in Britain at 94.4 Thousand

Unemployment benefits in the British economy decreased between May and July 2020, while analysts’ expectations were pointing to a decline. And data released by the British National Statistics Office on Tuesday showed that unemployment benefits in Britain rose to 94.4 thousand applications compared to 68.5 previously. Analysts had forecast that …

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Japan’s Service Sector Sentiment Improves in July

The Japanese services sector sentiment index increased during the month of July, which showed some improvement in business confidence despite the continuing concerns about the impact of the Covid-19 pandemic. The Japanese Cabinet’s Labor Survey of taxi drivers, hotel workers and restaurant employees – dubbed “economy watchers” for their proximity …

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UK unemployment rate beats with 3.9% in June

The UK has reported mixed labor figures. The unemployment rate remained depressed at 3.9% in June, a result of the government’s furlough schemes. Wages dropped by 1.2% when including bonuses and -0.2% when excluding them.  The Claimant Count Change for July disappointed by leaping by 94,400, far worse than 10,000 …

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Unemployment in Turkey Rises to 12.9%

Data showed unemployment in Turkey rose slightly between April and June to 12.9%, compared to 12.8% in the previous month, thanks to a ban on layoffs amid the Corona pandemic. Employment fell by 2.4 million year-on-year in the same period to 25.9 million, in conjunction with the almost complete halt …

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