News Tag: rate
March 5, 2010
The Labor Department has today revealed the US unemployment rate remained unchanged at 9.7% in February and lower than the 10% rate reported in December.
According to the Labor Department, employers cut 36,000 jobs last month - fewer than the 50,000 analysts had been expecting and compares to a revised 26,000 job cuts in January.
In the meantime, since the onset ...
US unemployment rate holds steady at 9.7%
by Kay Murchie
February 17, 2010
The Office for National Statistics (ONS) has today revealed that UK unemployment fell slightly in the three months to December to 2.46 million.
However, the unemployment rate remains the same at 7.8%, according to the ONS.
In the meantime, the number of Britons claiming jobseeker’s allowance (JSA) rose by 23,500 in January to 1.64 million - the largest increase since July 2009.
Meanwhile, youth unemployment ...
UK unemployment continues to slow
by Kay Murchie
February 11, 2010
Greece’s national statistics service, NSS, has today revealed the country’s unemployment rate rose from 9.8% in October to 10.6% in November.
There are now more than half a million people unemployed in the country.
The figures come prior to the EU summit meeting in Brussels today, which will see European leaders discuss the issues facing Greece.
Greek Prime Minister, George Papandreou, ...
Greece’s woes continue as unemployment rate hits 10.6%
by Kay Murchie
February 5, 2010
The Labor Department has today revealed that the US unemployment rate fell from 10% in December to 9.7% in January - its lowest level in five months.
According to the Labor Department, employers cut 20,000 jobs last month - many analysts had predicted the economy to add jobs.
US President Barack Obama has pledged to make job creation his top priority.
Meanwhile, the ...
US unemployment rate falls to 9.7%
by Kay Murchie
February 2, 2010
There were further hopes of a strong recovery today after the Chartered Institute of Purchasing & Supply (CIPS)/Markit purchasing managers’ index (PMI) rose to 48.6 in January, up from 47.1 the previous month - the smallest fall in activity during the current 23-month period of contraction.
The figures came just a day after the CIPS/Markit manufacturing PMI revealed UK manufacturing activity ...
Construction industry contracts at slower rate
by Kay Murchie
February 1, 2010
The CIPS/Markit manufacturing purchasing managers’ index (PMI) has today revealed UK manufacturing activity rose at its fastest rate in 15 years in January.
The figures will boost hopes that the economic recovery is gathering pace after last week’s disappointing fourth quarter GDP figures.
The PMI grew to 56.7 in January, up from a revised 54.6 the previous month. The ...
UK manufacturing activity grows at fastest rate for 15 years
by Kay Murchie
January 28, 2010
Unemployment in Europe’s largest economy rose to 3.43 million, taking the unemployment rate up from 8.1% in December to 8.2% this month.
The jobless total rose by 6,000 people in January but this was less than economists had expected.
According to the Federal Labour Office, the severe snowfall experienced in January put an end to the recent pick up in the labour market.
Carsten ...
German unemployment rate up to 8.2%
by Kay Murchie
January 26, 2010
Government-backed National Savings & Investments (NS&I), which runs Premium Bonds and a variety of savings products, is to launch a new savings account in March with an “attractive” interest rate.
The news will be welcomed by savers who have been suffering amid the historically low interest rate environment.
The financial crisis led to many British savers withdrawing their funds from banks and ...
NS&I to encourage savers with new account
by Kay Murchie
January 18, 2010
A report by the Institute of Practitioners in Advertising (IPA) and accountants BDO said advertisers continued to reduce their budgets in the fourth quarter of 2009, but the rate of decline was at its slowest in almost two years.
As they economy recovers, the report suggests that budgets will rise in 2010 and comes after a severe slump in advertising ...
Advertising spend to pick up as economy recovers
by Kay Murchie
January 14, 2010
Australia’s unemployment rate fell in December to 5.5% from 5.6% in November, according to the latest figures from the Australian Bureau of Statistics.
In comparison, the unemployment rate in both the US and Europe are around the 10% mark.
Australia’s figures came as a surprise to many analysts who had expected the rate to remain flat or rise slightly.
Meanwhile, the ...
Australia continues to outperform as unemployment rate falls
by Kay Murchie
December 10, 2009
Australia's unemployment rate fell in November to 5.7% from 5.8% in October, according to the latest figures from the Australian Bureau of Statistics.
The figures came as a surprise to many analysts who had expected an increase to 5.9%.
Australia is one of the few developed economies not to have fallen into recession like its counterparts throughout the world.
The economy has benefited ...
Australia’s unemployment rate falls in November
by Kay Murchie
December 4, 2009
Figures published today by the Labor Department revealed that the US economy lost fewer jobs in November with the unemployment rate falling to 10% from a rate of 10.2% in October.
Figures show that US employers cut the lowest number of jobs during the month since the onset of the recession two years ago.
The world’s largest economy lost only 11,000 jobs ...
US unemployment rate falls in November
by Kay Murchie
November 26, 2009
Addressing parliament today, Chancellor Alistair Darling warned that UK unemployment would continue to rise “for a while”.
The latest official figures show that UK unemployment stands at 2.46 million - a rate of 7.8%.
The Organisation for Economic Co-operation recently forecast that UK unemployment will increase to a rate of 9.3% in 2010 and to 9.5% the year after.
Mr Darling said unemployment ...
Chancellor warns of rising UK unemployment
by Kay Murchie
November 9, 2009
Figures from the US Labor Department have revealed that the unemployment rate in the US reached 10.2% in October, up from 9.8% the previous month and represents the highest level since April 1983.
The US economy lost a worse-than-expected 190,000 jobs during the month with the majority of job losses in the construction, manufacturing and retail industries.
However, there was some positive news ...
US unemployment rate tips over 10%
by Kay Murchie
November 4, 2009
For the first time in two years, Ireland’s unemployment rate fell in October to 12.5%, down from 12.6% the previous month.
The fall in the rate came as a surprise to many analysts as the economy has been hit by a severe slump within the construction industry, which has led to a significant amount of job losses.
The last time the unemployment rate ...
Ireland’s unemployment rate falls to 12.5%
by Kay Murchie
November 3, 2009
Official figures have revealed that Spain’s unemployment rate has reached 19.3% (one of the highest of any European region) as the economy has been hit by a severe slump within the construction industry, which has led to a significant amount of job losses.
Spain’s jobless rate is more than double the 9.2% rate for the EU as a whole.
The total number of ...
Spain’s unemployment rate spirals to 19.3%
by Kay Murchie
October 30, 2009
Figures from Eurostat have revealed that the number of people unemployed across the euro zone grew to 15.3 million in September.
The latest figures mean that the unemployment rate across the 16 countries that use the euro is 9.7% - the highest rate since January 1999.
Spain has the highest unemployment in the region at 19.3%, the country has been hit by ...
Euro zone unemployment rate reaches 9.7%
by Kay Murchie
October 14, 2009
The UK economy has received a boost today with hopes that a recovery is well underway after the Office for National Statistics revealed that UK unemployment increased 88,000 to 2.47 million in the three months to August, taking the unemployment rate from 7.6% to 7.9%.
Today’s figure was not as bad as expected and the rise in the number of unemployed was ...
UK unemployment up but increases slows
by Kay Murchie
October 13, 2009
The Consumer Prices Index (CPI), a key measure of inflation, has fallen from 1.6% to an annual 1.1% in August - the lowest level since September 2004, the Office for National Statistics (ONS) said today.
While the decline in inflation was higher than analysts had expected, it was primarily due to lower food and energy costs.
According to the ONS, electricity, ...
UK inflation rate falls in September to 1.1%
by Kay Murchie
October 12, 2009
The Organisation for Economic Co-operation and Development (OECD) has today revealed that the unemployment rate in its member countries has crept up from 8.5% in July to 8.6% in August, up from 6.3% in August 2008.
The OECD, which includes 30 territories such as the US, Australia, Japan, Canada, New Zealand and European countries, is forecasting that the jobless rate could ...
Unemployment rate in OECD countries reaches 8.6%
by Kay Murchie
