Unemployment across the nations which make up the eurozone moved up during February, going from January’s figure of 10.7%, to 10.8%. The rate is now at its highest point since the euro was introduced in 1999. Spain had the highest rate of unemployment during the month, with 23.6% of people being unemployed. Portugal (15% unemployed), [...]
The American economy added an extra 227,000 jobs during the month of February, while the nation’s rate of unemployment remained at a level of 8.3% – the lowest level for almost three years. The US Labor Department has also revealed that job-creation figures for December 2011 and January of this year were even better than [...]
George Osborne, the UK’s Chancellor, said yesterday as part of his autumn statement that pay increases in the public sector will be restricted to 1% for around two years, and more public sector jobs will be lost than formerly believed. The Chancellor also cut his growth forecasts for Britain’s economy. His statement also said that [...]
The Popular Party (PP) has achieved a resounding victory in the recent parliamentary election in Spain. The elections were dominated by the nation’s deep, ongoing debt crisis. With the best part of votes in the election already counted, the centre-right Popular Party, who are headed by Mariano Rajoy, are certain of getting a clear majority [...]
Small businesses must begin recruiting again if unemployment levels are to fall, according to the Federation of Small Businesses (FSB). FSB, a UK-based organisation, announced this message after the latest release of job figures for the UK. The latest figures from the UK’s Office for National Statistics (ONS) have found that the number of unemployed [...]
The inflation rate in the eurozone has suffered a steep rise, after it rose to a figure of 3% during September this year. The rate has gone up by 0.5% from its previous reading, after it hit a level of 2.5% during the month of August. No breakdown of the inflation rate, which is the [...]
Official figures have revealed that the number of unemployed people in the UK increased sharply in 2011’s second quarter. 2.51 million UK citizens are now unemployed, after the total rose by 80,000 between March and June. The UK’s Office for National Statistics has said that the rise is the biggest in nearly two years – [...]
The President of the United States Barack Obama has nominated his new chief economist. The man nominated, Mr Alan Krueger, is a Princeton University expert on unemployment. The decision of the nomination has come at the same time as the introduction of a new jobs package for the US – high unemployment is still one [...]
Members of the US Federal Reserve were split on the recent decision to keep interest rates at their current low level, according to minutes from their most recent Open Policy Committee (OPC) meeting released today. Three members voted against the decision, which will keep interest rates pegged between 0 and 0.25 percent until the middle [...]
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The US Federal Reserve said that it expects interest rates to stay at current low levels until at least mid-2013, during an announcement on the American economy. Interest rates in the US have been at levels between 0% and 0.25% since the end of 2008. In its recent statement, the Fed admitted that economic growth [...]
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