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UK wage growth accelerates, with unemployment rate steady at 5.5%

The number of people claiming unemployment related benefits has fallen for 31 consecutive months and it is down 6,500 from April 2015 (the smallest monthly fall since February 2013). Analysts were anticipating fall by 12,500. It is also down 290,900 from a year earlier, but 13,400 higher than the pre-downturn trough of 778,400 for February 2008. Read more...

Australian Unemployment Rate fell to a one-year high

Employment increased 42,000 to 11,759,600, thus beating forecasts on smaller incline by 12,100. Full-time employment increased 14,700 to 8,128,600 and part-time employment increased 27,300 to 3,630,900. Unemployment decreased 22,000 to 745,200. The number of unemployed persons looking for full-time work decreased 23,500 to 514,500 and the number of unemployed persons only looking for part-time work increased 1,500 to 230,800. The slowing in wage growth in response to soft labor market conditions has also undoubtedly helped to hold employment up. Read more...

Strong job data pushed USD higher

Total nonfarm payroll employment rose by 280,000 in May, compared with an average monthly gain of 251,000 over the prior 12 months. Smaller increase by 228,000 was forecasted. Job gains occurred in professional and business services, leisure and hospitality, and health care. Employment in mining continued to decline.  Read more...

Eurozone Retail Sales rose by 0.7%

In April 2015 compared with March 2015, the seasonally adjusted volume of retail trade rose by 0.7% in line with market predictions. The 0.7% increase in the volume of retail trade in the euro area in April 2015, compared with March 2015, is due to rises of 1.3% for “Food, drinks and tobacco”, of 0.6% for automotive fuel and of 0.3% for the non-food sector. In the EU28, the 0.6% increase in retail trade is due to rises of 0.8% for “Food, drinks and tobacco”, of 0.7% for automotive fuel and of 0.5% for the non-food sector.  Read more...

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