Tag: Unemployment

• 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.

• 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.