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The US labor market has failed. Unemployment rose slightly in April

The number of Americans employed increased in April, but significantly less than expected. As a result, the unemployment rate rose slightly to 6.1 percent. This is despite the opening of the economy and the advancing vaccinations.

Unemployment rates in the euro area and the European Union remained...

In January, 15.7 million people were out of work in the European Union and 13.3 million in the euro area. Year-on-year, the number of unemployed in the Union increased by almost 1.5 million. This follows from current Eurostat data.

U.S. economy strengthened significantly in the third quarter

U.S. gross domestic product grew 7.4 percent quarter-on-quarter in the third quarter. On an annualized basis, it is 33.1 percent. This is the largest...

Yellen and Bernanke warn: economic recovery could be slow and unbalanced

Former Fed Chairs suggest that the Congress comes up with a plan on health system strengthening and investing more financial means into development of...

The US dollar dropped against the yen and the Swiss franc

The US dollar has been through the deepest loss against the yet, when it fell in 1,1% in the beginning of the week. The...

Dow Jones surged to two-month highs

In the beginning of trading on Thursday, Dow Jones index plunged to negative territory. The index lost roughly 1% during morning, but began to...

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