Rba looks for unemployment to fall jobs market has other ideas, too
The number of unemployed people fell sharply in April to reach 2.09 million in the first half, as the number of new job applications fell by 930,000 in April from the previous month.
In April, the government revised up its estimate of April’s unemployed count, from 1.35 million to 1.44 mi우리카지노llion, from 2.08 million and an increase from two to one that was supported by the unemployment rate.
“This is positive news that the number of jobless people falling and fewer jobs to be created at the same time continues to indicate the impact of the recent changes in the economy has been felt throughout much of the economy,” said economist Raghuram Rajan, chief우리카지노 economist at BNP Paribas.
“As unemployment falls further as companies respond to the improved conditions in labour markets, there will be more investment, more investment coming in and more people joining the workforce.”
Jobs growth will also pick up as the labor force expands as new entrants enter and remain employed for longer periods. “There is a high probability of continued growth in jobs and a low probability of the labor market weakening further,” said Markit/CIPS PMI.
GDP growth is expected to increase by 0.6 per cent to 3.29 per cent in the month, with job growth continuing its slide. At the end of March, the economy grew at 0.3 per cent, 0.7 percentage point smaller than the previous month.
April’s quarterly growth was faster than the 1.4 per cent rate reported for the entire first quarter of 2014. The weak output figures, which have taken their toll on the global currency after being revised down earlier this year, showed the economy’s prospects have dimmed further.
Weak b바카라사이트usiness confidence is adding further uncertainty. China’s business confidence index fell to its lowest level of the last quarter with an overall reading down 0.6 point to 100 from 101.7 in September. In April, the index was revised down from 100 to 96. The Bank of England said on Thursday that the deterioration in global economic activity was likely to increase the risk of a further slowdown in demand and a higher probability of a sustained fall in the value of the yuan.
However, the economy is still recovering as businesses continue to expand at their strongest pace in three years.
“Given the progress we have already made over the past year in rebalancing the economy and in creating more jobs, it is hard to ove