Finance Matters

Posts Tagged ‘unemployment’

Unemployed people across Europe will be given the opportunity to set up their own business with money from a new EU micro-loan fund.
Up to 45,000 budding entrepreneurs could be helped by the initiative over the next eight years.
The €100 million fund was announced this week by the European Union’s Employment and Social Affairs ministers.
Ministers said [...]

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 European Union’s statistics agency has today announced unemployment in the 16-member euro zone remained at 9.9% in January.
Unemployment rose by 38,000 during the month, leaving the unemployment rate flat at December’s (downwardly-revised) 6-year high of 9.9%.
However, the amount of unemployment in the euro zone is at its highest since the single currency was introduced [...]

The Federal Labour Office has today announced the number of jobless in Germany grew by 7,000 in February compared with January, taking the country’s unemployment rate to 8.7% – from 8.6% the previous month.
The total number of unemployed in Europe’s largest economy now stands at 3.43 million. However, today’s figures were less than economists expected. [...]

Chairman of the Federal Reserve Ben Bernanke has today said US interest rates will need to stay low in order to keep the economic recovery on track.
In a testimony before Congress, Bernanke said there was a “nascent economic recovery” and said long-term recovery will depend on private sector’s demand for goods and services.
Bernanke, who [...]