Advertisement
UK markets close in 1 hour 19 minutes

  • FTSE 100

    7,865.45
    +17.46 (+0.22%)
     

  • FTSE 250

    19,368.26
    +28.12 (+0.15%)
     

  • AIM

    743.48
    +0.36 (+0.05%)
     

  • GBP/EUR

    1.1684
    +0.0017 (+0.14%)
     

  • GBP/USD

    1.2453
    -0.0004 (-0.03%)
     

  • Bitcoin GBP

    50,700.22
    +752.38 (+1.51%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

  • S&P 500

    5,031.04
    +8.83 (+0.18%)
     

  • DOW

    37,955.30
    +201.99 (+0.54%)
     

  • CRUDE OIL

    82.72
    +0.03 (+0.04%)
     

  • GOLD FUTURES

    2,394.40
    +6.00 (+0.25%)
     

  • NIKKEI 225

    38,079.70
    +117.90 (+0.31%)
     

  • HANG SENG

    16,385.87
    +134.03 (+0.82%)
     

  • DAX

    17,784.56
    +14.54 (+0.08%)
     

  • CAC 40

    8,003.08
    +21.57 (+0.27%)
     
Money:

Best mortgage deals of the week

As possibility of multiple interest rate cuts dwindle here's what banks and building societies are offering

Australian unemployment ticks up in July, jobs surge again

Reuters
·1-min read
Commuters cast their shadows as they arrive at the Central Business District during the morning rush hour in Sydney

SYDNEY (Reuters) - Australia's unemployment rate ticked up to a 22-year high of 7.5% in July with a fresh wave of coronavirus infections in the southeastern state of Victoria further threatening the outlook.

Figures from the Australian Bureau of Statistics (ABS) showed employment jumped by 114,700 in July, on top of a hefty 210,800 new jobs the previous month. But the surge was still not enough to meet the ballooning labour supply, with the participation rate rising by 0.6 percentage points to 64.7%.

As a result, unemployment rose from 7.4% in June, marking the highest since November 1998. The number of people out of work, available to work and actively looking for work topped one million for the first time ever, the data showed.

(Reporting by Swati Pandey; Editing by Himani Sarkar)