There may be a big drop in unemployment rate, but U.S. still fails to calm markets with the big possibility that the Federal Reserve will increase interest rates. According to Telegraph UK, U.S. unemployment rate dropped to a seven-year-low last month. According to data from the US Labor Department, unemployment rate went down 5.1pc in August, the lowest it has been since April 2008. This is also a level that the Fed considers to indicate "full employment."
Germany's unemployment rate dropped to a record low of 6.5 percent in December while Italy's pushed up to a new high of 13.4 percent, underscoring the vast differences within the struggling euro zone economy.
The yields of Spanish bonds have dropped to record lows not seen since 2011, indicating that the European economy is gaining its momentum, a Bloomberg report said.
The state government of Hong Kong said that the second quarter jobless rate falls within expected estimates.
For the first time since 2011, the Spanish unemployment rate fell.