Tag: Unemployment
UnemploymentSpain faces a “crisis of huge proportion” with “terrible figures”
Spain's sickly economy faces a “crisis of huge proportions” said Foreign Minister Jose Manuel Garcia-Margallo as unemployment hit its highest level in two decades and Standard and Poor's weighed in with a two-notch downgrade of the government's debt.
Spain back in recession and already high unemployment expected to increase
Spain's jobs-scarce economy plunged back into recession in the first quarter of 2012 as employment slumped even further, the Bank of Spain said on Monday. Barely two years after emerging from the last downturn Spain slid into recession again with two consecutive quarters of economic contraction the central bank said in a report.
UK youth unemployment at its highest in two decades: 22.5%
United Kingdom’s unemployment rate held at a 13-year high of 8.4% in the three months to January, and the youth unemployment rate rose to a record high, official data showed Wednesday.
Spanish government to unveil drastic reforms to rigid labour legislation
Spain's government will unveil reforms to rigid labour laws on Friday that it hopes will be radical enough to get to grips with sky-high unemployment while not severing links altogether with unions ahead of key regional elections.
Chile almost close to “full employment”; shortage of manpower in some sectors
Chile’s unemployment rate unexpectedly declined in the three months through December to 6.6% from 7.1% as the retail, mining and construction industries expanded, the National Statistics Institute said on Tuesday. The situation according to economists is close to “full employment”.
October marks UK highest unemployment level in 17 years
The number of Britons out of work rose to its highest level in more than 17 years in October, and these jobless figures look set to rise further as firms facing the threat of a renewed recession cut back on staff.
US unemployment falls in November to a two and a half years low: 8.6%
The US unemployment rate fell to a two and half year low of 8.6% in November and companies stepped up hiring, further evidence the economic recovery was gaining momentum.
Spanish regions pledge to control spending; unemployment reaches 21.52%
Leaders of Spain’s indebted autonomous regions pledged on Thursday to control spending after meeting incoming Prime Minister Mariano Rajoy to discuss their troubled accounts, which are at the heart of the country’s economic crisis.
Spain no longer wonderland: in 2011 more people are leaving than arriving
For the first time since data is recorded the number of people leaving Spain in search of better opportunities will be higher in 2011 than those incoming, according to the country’s stats office, INE.
Rousseff warns about global unemployment; calls for plans to generate jobs
Brazilian President Dilma Rousseff addressing the results of the G20 summit in Cannes, where Brazil was one of the countries represented said that job creation is a way to tackle economic crises.
