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Economy : Page 16

Japan revises Q3 economy contraction to 2.9 pct

December 8, 2023
Japan\'s economy shrank at an annualized real 2.9 percent in the July to September quarter, revised from 2.1 percent reported earlier, due to weak consumption, the Cabinet Office said Friday.

South Korea logs current account surplus for sixth month in October

December 8, 2023
South Korea logged a current account surplus in October due to export rebound, central bank data showed Friday.

U.S. private sector adds 103,000 jobs in November

December 7, 2023
Private companies in the United States added 103,000 jobs in November, indicating slowing job growth in a cooling labor market, payroll data company Automatic Data Processing (ADP) reported.

Wage growth for workers of U.S. small businesses continues downward trend; job growth remains stable

December 7, 2023
The rate of hourly earnings growth for workers at U.S. small businesses has slowed 17 of the past 18 months to 3.48% in November, falling below 3.50% for the first time since July 2021, according to the Paychex Small Business Employment Watch.

Australia's economic growth slowed to 0.2 percent Q3

December 6, 2023
According to the Australian Bureau of Statistics on Wednesday, Australia\'s gross domestic product (GDP) rose 0.2 percent in the third quarter.

Half of new jobs in South Korea created for elderly in 2022

December 6, 2023
Half of new jobs in South Korea were created for the elderly people last year, with youth employment rising slightly, statistical office data showed Wednesday.

Moody's downgrades China's credit outlook

December 6, 2023
Moody\'s on Tuesday cut its outlook on China\'s government credit ratings to negative from stable, citing lower medium term economic growth and ongoing downsizing of the property sector.

West Virginia yearly revenue collections $286.2 million ahead of estimate

December 5, 2023
Governor Jim Justice announced that West Virginia’s General Revenue collections for November 2023, the fifth month of the Fiscal Year 2024, came in at $404.8 million, which is $44.0 million above the official estimate.

Austrian economy slips into recession

December 4, 2023
Following a 1.4 percent contraction in the second quarter of 2023, Austria\'s gross domestic product (GDP) declined by 1.8 percent in real terms in the third quarter of this year, indicating the country\'s economy has slipped into recession, Statistics Austria said on Friday.

Ireland in recession as personal consumer spending increased

December 4, 2023
The domestic economy did not grow between the second and third quarters of the year as a fall in investment expenditure largely offset growth in consumer spending, Central Statistics Office data showed on Friday.

Brazil jobless rate falls to 7.6 pct

December 4, 2023
Brazil\'s unemployment rate fell to 7.6 percent in the quarter ending in October, the lowest level since February 2015 and equivalent to 8.3 million people without jobs, the official Brazilian Institute of Geography and Statistics (IBGE) said.

Missouri Governor Parson announced state’s Consensus Revenue Estimate

December 2, 2023
The annual CRE is a figure established by state budget experts and is one of the basic assumptions used by the Governor and legislative leaders to build and balance Missouri’s budget.
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