New Zealand's labour costs grow amid rise of salaries

Source: RTT News
Labour costs in New Zealand increased year-on-year in the three months ended in June mainly reflecting a 1.7% advance in salary and wage costs, the latest data published by the Statistics New Zealand showed on Friday. The country's labour costs inched higher 2% on an annual basis, while the non-wage components of the gauge rose 3.2% in the same period.

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Fri, 18 Oct 2013 08:18:04 GMT

Japan's credit rating is affirmed by S&P

Sovereign debt rating of the Asian second-largest economy was affirmed by the Standard & Poor's due to an improved political stability and strong external position, the rating agency showed in a report on Friday. According to the report, Japan's long- and short-term sovereign credit rating was affirmed at ‘AA-‘ and ‘A-1+' respectively, although the long-term rating outlook stays negative.

Fri, 18 Oct 2013 07:39:05 GMT

U.S. jobless claims drop in week ended October 12

First-time claims for unemployment benefits in the world's largest economy decreased on the week ended on October 12 after the figure recorded a notable increase in the week before, a report revealed by the Labor Department showed on Thursday. According to the report, U.S. jobless claims dropped by 15,000 falling from last week's 373,000 to 358,000.

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