Tag: Unemployment

• Monday, October 31st 2011 - 20:16 UTC

  Over 23 million Europeans unemployed; inflation reaches 3% in October

  

  Over 23 million are unemployed in the 27 countries of the Euro zone, the statistical office of the European Union Eurostat informed Monday.

• Friday, October 28th 2011 - 16:19 UTC

  Record unemployment in Spain hits 21.5% with five million out of a job

  

  Spain's unemployment hit a 15-year high in the third quarter with little hope new jobs will be created any time soon by a battered economy that remains at the forefront of investor concerns about Europe's debt commitments.

• Friday, October 14th 2011 - 02:58 UTC

  S&P downgrades Spain’s credit rating on incomplete labour market reforms

  

  Ratings agency Standard and Poor's downgraded the long-term credit rating of Spain by one notch, knocking the Euro down by a third of US cent as it followed hard on the heels of a similar downgrade by Fitch last week.

• Wednesday, October 12th 2011 - 21:30 UTC

  UK unemployment at its highest since 1994 reaches 2.57 million

  

  Unemployment in Britain has jumped to its highest level since 1994, with young people hit hardest as private companies fail to make up for job losses in the public sector, piling pressure on the government to boost a stagnant economy.

• Wednesday, October 5th 2011 - 08:26 UTC

  Anaemic Spain: no end in sight for soaring unemployment

  

  The number of people filing for unemployment benefits in Spain shot up by nearly 100,000 in September, a surprisingly big increase even in a month that tends to be bad for workers as vacation season contracts expires.

• Thursday, September 29th 2011 - 16:31 UTC

  US jobs and GDP stats still poor, but not as bad as previously estimated

  

  US new unemployment benefit claims fell to a five-month low last week, while the economy grew slightly more than previously reported in the second quarter, according to data from the Labour Department.

• Wednesday, September 14th 2011 - 03:11 UTC

  Developed countries fail to cut unemployment; Euro zone rate stands at 10%

  

  Developed countries are failing to cut unemployment, according to figures released this week by the Organization for Economic Cooperation and Development (OECD). July’s figures show unemployment at 8.2% for the 34-country group – unchanged for five consecutive months.The Euro zone is faring even worse, with unemployment sticking at 10%.

• Friday, September 2nd 2011 - 08:26 UTC

  Argentina plans to lower unemployment to 5% in the next to years

  

  Argentina’s Deputy Minister of Economy, Roberto Feletti stated on Thursday that the idea of the government is to “reduce the level of unemployment to 5%” in the coming two years.

• Saturday, August 27th 2011 - 07:19 UTC

  Unemployment in Brazil falls to its lowest level this year, 6%

  

  Brazil’s unemployment rate fell in July to its lowest level this year, 6% from 6.2% in June, reported the National statistics office. Average real wages rose 4% from a year ago to 1.613 Real (999.50 dollars) a month.

• Friday, July 22nd 2011 - 06:20 UTC

  Brazil: record low unemployment and more job-creation in second half anticipated

  

  Brazil’s unemployment rate fell to its lowest since January in spite of efforts by policy makers to cool growth and inflation in Latin America’s biggest economy. The jobless rate fell to 6.2% in June, from 6.4% in May and 7% a year earlier, the national statistics agency said in a report distributed in Rio de Janeiro.