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Global Markets: Chinese employment rate down

By Commodity News Service Canada

WINNIPEG, April 5 – The following is a glance at the news moving markets globally.

CHINA’S SERVICE ACTIVITY UP, BUT JOBS DOWN
China’s service sector gained in March, according to a survey in the country.

But employment rates fell for the first time in 2.5 years, according to reports on Wednesday, as some companies downsize, while others are not replacing employees who voluntarily left.

MALAYSIAN EXPORTS GAIN
Malaysian exports moved up in February, according to reports on Wednesday.

February’s exports increased 6.7 per cent from year-ago levels due to higher sales of palm oil and electronics.

CALIFORNIA’S ECONOMY TO GROW FASTER THAN US
California’s economy is expected to grow faster than the national rate in 2017, according to reports on Wednesday.

The US GDP growth rate is ideally between two and three per cent, a separate report said.

Additionally, the state’s unemployment rate is expected to fall to five per cent.

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