Tag Archive | "unemployment"

Bad unemployment record for Italy: in April at 10,2%

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ROME – Italy touched an unprecedented rate of unemployment. In April the rate of unemployment stands at 10.2%, up by 0.1% over March and by 2.2 on an annual basis. The figures were released by ISTAT, which highlights that it is the highest rate recorded since January 2004, which means since the beginning of the [...]

Euro unemployment hits new high

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BRUSSELS – Unemployment across the 17 countries that use the euro rose to 10.9 percent in March, its highest level since the euro was launched in 1999, official figures show. The rate was up from 10.8 percent in February and 9.9 percent a year ago, and reflects the downturn in the eurozone economy as governments [...]

May Day amid anger of workers

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MADRID – This year May Day is different other than the celebration there is also anger among the workers. On the front lines of May Day protests this year, along with the traditional chants, banners and marches, a gamut of emotions flowed through the crowds. Anger. Fear. Elation. Satisfaction. Despair. With Europe’s unemployed denouncing austerity [...]

Spain prepares to host ECB meeting

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LA JUNQUERA, Spain – Spain has temporarily restored border checks in its northeast and at two major airports in a bid to stop protesters entering the country ahead of a European Central Bank meeting in Barcelona. The Catalan regional capital is to host an ECB governing council assembly on May 3 as the financial crisis [...]

Mitt Romney romps in five northeast states

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WASHINGTON – Presidential hopeful Mitt Romney cruised to victory on Tuesday in five northeast states: Connecticut, Delaware, Rhode Island, Pennsylvania, and New York. Romney then immediately set the tone for the general election campaign in his speech by attacking President Barack Obama over his handling of the economy. “The last few years have been the [...]

More people file for unemployment benefit in Spain

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MADRID – The number of people filing for unemployment benefits in Spain rose by nearly 39,000 last month to a little over 4.75 million. arch’s increase, reported by the Labor Ministry Tuesday, was the eighth straight monthly increase. The total filing for benefits is up nearly 10 percent on a year ago. The overall unemployment [...]

One in ten is unemployed in the Eurozone

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LONDON – Unemployment in the 17 countries that use the euro hit its highest level since the currency was introduced back in 1999, official figures showed Monday, adding to fears that the region is back in recession. Eurostat, the European Union’s statistics office, said unemployment in the eurozone rose to 10.8 percent in February from [...]

Germany: unemployment down to 7.2 percent

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BERLIN – Official figures show that Germany’s unemployment rate slipped to 7.2 percent in March thanks to a traditional springtime upturn. The Federal Labor Agency said Thursday the unadjusted jobless rate was down from 7.4 percent in February, when numbers were pushed up by harsh winter weather, which typically weighs on activity in sectors such [...]

AK unemployment drops to 7.2 percent in January

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JUNEAU, Alaska – It has been reported that Alaska’s unemployment rate hit a nearly three-year low of 7.2 percent in January. The January rate was released Tuesday by the state labor department. It compares to the revised 7.4 percent unemployment rate in December. In January 2011, the seasonally adjusted unemployment rate stood at 7.8 percent [...]

Unemployment on the rise in Europe

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BRUSSELS – Official figures show that unemployment in the 17-country eurozone unexpectedly spiked to 10.7 percent in January, its highest rate since the euro was established in 1999. The increase reported Thursday by Eurostat, the EU’s statistics office, was way more than expected. The consensus in the markets was for the rate to remain unchanged [...]

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