On Friday, the state Employment Development Department reported that 80,600 non-farm payroll jobs were added by California in July. The jobless rate of the state dropped to 6.2 percent which was a decrease from the figures noted a month ago. Although the job numbers was a little gloomy for the Humboldt County but still it was lower as compared to the overall average of the state.
In the April- June quarter, the economy of Japan shrank at a yearly pace of 1.6 percent. The drop is attributed to fall in exports and lessened consumers spending. This is adding to the pressure faced by Prime Minister Shinzo Abe for boosting the financial policies in order to improve the economy which is facing deflation for decades.
Hoping that a flexible currency will be helpful in bringing in some stability to the world's second largest economy, the government of China in a surprise move on Tuesday set the yuan's central equivalence. The rate at which the currency is permitted to trade against the U. S. dollar is almost two percent lower. Although it may boost exports but can invite some great risks.
According to Justin Johnson, the Secretary of Administration, economists predict the state revenue is estimated to grow in the present fiscal year by $40.2 million more, that's much higher than the amount forecasted in January. He also said that the upbeat revenue figures signals at a growing Vermont economy.
A survey revealed that manufacturing activity in China has touched its fifteen month lows and that surely had a major effect in the Asian market on Friday as equities stumbled.
This has regenerated concerns connected to the exports from this region as the second-largest economy of the world faces a big challenge to make a comeback from the broad slump.
On Thursday, as Athens accepted to go ahead with a new bailout program, Europe will be considering to re-start funding the deep debt struck economy of Greece.
The ECB (European Central Bank) augmented the emergency funding which Greece will be receiving from its creditors. However, as the Greek banks open on Monday, capital controls will still have to be followed.
The world is busy discussing the Greek debt troubles and the ugly shape it is taking at every juncture, but something similar is about to happen when Puerto Rico officials say that they cannot pay their debt load and want to restructure or delay their $72 billion debt repayment.
Though the national average of gasoline prices fell 2 cents in the last couple of weeks to $2.83 a gallon, the gas price is on the rise in California.
The average price nationwide for midgrade gas gasoline was $3.05 and the premium was being sold at $3.22 says a survey by Lundberg.
The weekend created a lot of tension as the negotiation talks went on between the Greek Prime Minister and Euro leaders in Brussels. Even on Monday morning the matter remained unresolved as the European leaders placed a package of austerity measures in front of Alexis Tsipras, which involved a surrender of greater financial sovereignty.
When the pro-European politicians and bureaucrats planned to form the eurozone they thought of integrating Europe into one.
However, with Greek debt crisis and Britain planning an exit, the dream might just turn into a nightmare for the Euro. The main motto was to create one government that will bring peace, ending wars which have torn the continent apart for centuries.