Tag: Unemployment

• Saturday, July 9th 2011 - 07:26 UTC

  US jobs data for June disappoints markets: unemployment again at 9.2%

  

  US employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dousing hopes the economy would regain momentum in the second half of the year.

• Wednesday, June 22nd 2011 - 23:36 UTC

  Fed admits it does not have a “precise read” of why US economy is slowing

  

  The Federal Reserve has cut its growth forecast for the US economy in the face of the impact of higher energy prices. It now estimates that the US economy will expand between 2.7% and 2.9% this year, down from its April forecast of 3.1% to 3.3%.

• Wednesday, June 8th 2011 - 23:38 UTC

  Bernanke admits US recovery is “frustratingly slow”, but will gain speed in second half

  

  US Federal Reserve Chairman Ben Bernanke said the “frustratingly slow” US recovery warrants sustained monetary stimulus while predicting that growth will gain speed in the second half of the year.

• Friday, June 3rd 2011 - 23:22 UTC

  White House admits jobless rate is “unacceptably high” following May’s 9.1%

  

  White House said on Friday the US unemployment rate was unacceptably high while trying to put a brave face on a report that showed employers hired far fewer workers than expected in May.

• Saturday, May 21st 2011 - 09:56 UTC

  Spaniards take to cities’ plazas and call for a protest no-vote in Sunday’s local elections

  

  Tens of thousands of Spaniards angry over unemployment protested for a sixth day, ahead of Sunday's local elections in which the ruling Socialists are expected to suffer heavy losses.

• Monday, May 9th 2011 - 06:46 UTC

  Chilean industrial production booming; unemployment steady at 7.3%

  

  Industrial production in Chile increased at the fastest ever pace in the 12-month period ended March, data released by the National Institute of Statistics revealed. Industrial output climbed a record 30.9% in the year ended March, marking the biggest growth in the history of the indicator. In February, output rose 1.9%.

• Friday, April 29th 2011 - 21:40 UTC

  Spain hits new unemployment record; crackdown on the black economy

  

  Weak jobs data, sliding retail sales and rising inflation confirm Spain’s economic recovery is faltering. The official figures released Friday showed 21.3% of the workforce without a job, up from 20.3% at the end of last year.

• Thursday, April 21st 2011 - 06:25 UTC

  Inflation and unemployment confirm Brazilian economy overheated

  

  March inflation in Brazil accelerated to its fastest rate since November 2008, driven by food, beverages and fuel prices. Consumer prices as measured by the IPCA-15 index rose 6.44% in the year through mid-April, the national statistics agency announced Wednesday in Rio do Janeiro.

• Monday, April 11th 2011 - 06:04 UTC

  Unemployment in Latam to remain strong into 2012 because of ‘uncertainties’

  

  An estimated 17 million people will suffer unemployment in Latin America well into 2012 according to latest estimates from the Economic Commission for Latin America and the Caribbean, ECLAC.

• Wednesday, March 16th 2011 - 23:28 UTC

  UK unemployment hits 17-year high: 2.5 million Brits out of a job

  

  The number of unemployed in the UK has hit a 17-year high of more than 2.5 million and pushed the unemployment rate to 8%, official data showed Wednesday.