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Author Archives: Top News Editor

German Unemployment Increases More Than Forecast

German unemployment increased far more-than-expected in December as trade disputes weighed heavily on the manufacturing sector, in turn hurting hiring and the labor market. Data from the Federal Employment Agency showed on Friday that the number of people out of ...

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U.S. Weekly Jobless Claims Unexpectedly Edge Down To 222,000

First-time claims for U.S. unemployment benefits unexpectedly edged slightly lower from an upwardly revised level in the week ended December 28th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to ...

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German Employment At Record High In 2019

Germany’s employment reached a record high in 2019 driven by higher labor force participation and the immigration of foreign workers, official data showed Thursday. The number of persons in employment increased 0.9 percent in 2019, which was a smaller rise ...

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UK Manufacturing Sector Shrinks On Weak Output, Orders

The downturn in the UK manufacturing sector deepened in December as production decreased the most since July 2012 in response to falling orders from both domestic and foreign markets. The IHS Markit/Chartered Institute of Procurement & Supply factory Purchasing Managers’ ...

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Eurozone Manufacturing Downturn Deepens In December

The euro area manufacturing sector continued to contract in December with weakness spread across most of the member countries, final data from IHS Markit showed Thursday. The manufacturing Purchasing Managers’ Index fell to 46.3 in December from 46.9 in November. ...

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China’s Manufacturing Sector Growth Moderates In December

China’s manufacturing sector growth moderated at the end of 2019, reflecting a softer upturn in total new businesses, survey results from IHS Markit showed on Thursday. The Caixin manufacturing Purchasing Managers’ Index fell to 51.5 in December from 51.8 in ...

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Singapore Economy Logs Slowest Growth In A Decade

The Singapore economy grew at the slowest pace in a decade in 2019 as global slowdown and trade wars weighed on the manufacturing sector, flash data from the Ministry of Trade and Industry showed on Thursday. Gross domestic product grew ...

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South Korea Exports Fall At Slowest Pace In 8 Months

South Korea’s exports declined at the slowest pace in eight months in December, data from the Ministry of Trade, Industry and Energy revealed Wednesday. Exports decreased 5.2 percent year-on-year in December. This was the smallest drop since April. Economists had ...

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