Tag: Unemployment

• Saturday, May 1st 2010 - 02:16 UTC

  Taxes in UK Must Rise Sharply Anticipates Think Tank

  

  Taxes in Britain must rise sharply over the next decade to bring down borrowing, according to the National Institute of Economic and Social Research (NIESR). In a report, the think tank said taxes would have to rise by the equivalent of 6p on the basic income tax rate to get the budget deficit below 3% by 2020.

• Saturday, May 1st 2010 - 02:13 UTC

  US Economy Expands 3.2%, Third Consecutive Quarter of Growth

  

  The US economy grew in the first three months of this year, but at a slower rate than the previous quarter. US consumer spending saw its biggest increase in three years in the first three months of 2010, which drove the country's overall economy to its third consecutive quarter of growth.

• Thursday, April 29th 2010 - 06:34 UTC

  Europe’s Financial Seism Reaches Spain: S&P Downgrades Credit Rating

  

  International credit rating agency Standard and Poor's downgraded on Wednesday Spain's credit rating from “AA+” to “AA” with a negative outlook. The move comes a day after S&P gave Greek bonds a junk rating and lowered Portugal's credit rating from “A+” to “A-”.

• Thursday, April 29th 2010 - 06:00 UTC

  Unemployment in Santiago de Chile “Has Eased” but Stands at 10.8%

  

  The University of Chile reported Monday a Santiago unemployment rate of 10.8%. While this is higher than what it was before the international recession (when it stood at around 8%), it is two percentage points less than what it was in March of 2009.

• Wednesday, April 28th 2010 - 01:09 UTC

  Unemployment in Spain Soars to 20.05%; 4.61 Million Jobless

  

  Spain's jobless rate has risen past 20% for the first time in 13 years, according to figures made public by the National Statistics Institute (INE) on Tuesday. Unemployment rate was 20.05% in the first quarter of this year, up from 18.83% in the last quarter of 2009.

• Wednesday, April 21st 2010 - 17:08 UTC

  UK unemployed reach 2.5 million in February, highest since 1994

  

  The number of people unemployed in the UK rose by 43,000 to 2.5 million during the three months to February, official figures have shown. The jobless total is now at its highest since 1994.