Italy’s central bank chief on Saturday predicted that the eurozone’s third-largest economy will see a return to growth next year, but he confirmed forecasts that 2012 will be a “year of recession.” Bank of Italy Governor Ignazio Visco also described Italian banks as being sound in terms of having adequate capital, but cautioned that the … Continue reading
The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) came in at -3.7 in today’s public release of the data through February 10th. This is the fifth consecutive week of improvement (less negative) data for the Growth Index and the highest level (i.e., least negative) since August 26th of last … Continue reading
When it comes to the application process, you should know by now that everything you do matters. There’s so much attention given to resumes that we often forget how important a cover letter can be for our job prospects. “The cover letter is an opportunity for you to tell the recruiters why you’re the perfect person for the … Continue reading
I used to be pretty sure that the only way to get a raise working in media was to switch jobs. This led to several job changes throughout my career, which, of course, included the requisite interviews to get those jobs. I’ve picked up a few pointers that have helped me become a relatively confident … Continue reading
What should you – and shouldn’t you – include in the skills section of your resume? What’s important when listing your skills on your resume is to consider relevancy. What skills do you have that show you are qualified for the jobs for which you are applying? A resume skills section should include your skill … Continue reading
Think an interview is a one-way street? Think again. One of the biggest mistakes a job-seeker can make is not asking any questions at a job interview. An interviewer will almost always ask you at the end of the meeting if you have any questions — say no, and you look ill-prepared, uninformed, and uninterested. … Continue reading
It seemed next to impossible last year — but, it’s a new year, and Congress finally decided to come together and pass something. A pretty big, $143 billion something. Fox Business: “Both the House and Senate have passed legislation extending the payroll tax cut for 160 million workers. It also extends long-term jobless benefits through … Continue reading
There is a lot of good news to buoy the markets and give cheer to the public. We hear that new jobless claims are down another 15,000 to 358,000, the ninth week of declines out of the last ten, finally breaking below the 400,000 mark. A reduction in unemployment is a very positive sign and is politically significant. Also … Continue reading
The Greek economy shrank nearly 7% in 2011, the fifth straight year the country has been in a recession. GDP has shriveled by a sixth since 2006, and unemployment has tripled over that period to 20%. With new rounds of austerity just announced, and a default yet to come, the nightmare isn’t even close to … Continue reading
The United States economy is on the road to recovery, the White House said Friday, with stronger job growth expected this year. But income inequality and Europe’s debt crisis could still pose challenges, according to a report released by President Obama’s Council of Economic Advisers. Before Obama even took office, America had lost 4.4 million … Continue reading
The civil service documents that reveal the government’s policy proposal to make disabled people work unpaid for an unlimited amount of time We’ve had a lot of interest in our story on disabilities published last night. Many of the comments that have been posted express a sense of disbelief at the Department for Work and … Continue reading
The Czech Republic’s Statistics Office says the country’s economy shrank by a 0.3 percent in the final three months of 2011 to slip into recession after a brief recovery. The economy contracted for the second consecutive quarter after it was down by 0.1 percent in the third quarter — the technical definition of a recession. … Continue reading
The German economy shrank by 0.2 percent in the fourth quarter of 2011, as the euro crisis began to bite. But the contraction was less than expected, and economists expect Germany to avoid the recession plaguing many countries in the euro crisis. Leading indicators point to a resumption of growth by mid-2012. The German economy, … Continue reading
In June 2010, a university student named Liu Jiang arrived in the southern Chinese city of Foshan to begin his summer internship, at a factory that produces LCD screens for laptops and cell phones for the manufacturing giant Foxconn. As a student at the Dongfang Vocational School of Technology in the northern city of Shijiazhuang, … Continue reading
“Conventional wisdom suggests that international migration of the highly skilled from poor to rich countries — the so-called brain drain phenomenon — threatens development.” writes the OECD in its new report Migration and the Brain Drain Phenomenon. It then adss: “Comparing emigration rates of the highly educated — the share of a country’s nationals with a … Continue reading