Economy

This tag is associated with 2459 posts

Europe Central Bank / Interest rates to stay low to help growth and job

Interest rates will stay low to support economies and jobs, European Central Bank Governing Council member Ewald Nowotny told a newspaper, dismissing complaints that low rates were hurting savers. “Given the economic situation, the level of interest rates will remain low because it is in the overall economic interests to have this support for growth … Continue reading

Gender Job Gap in US / Women not part of manufacturing turnaround

Since February 2010, the U.S. manufacturing industry, which appeared to be in a terminal decline for more than 30 years, has added more than 554,000 jobs to the workforce, according to the Joint Economic Committee of the U.S. Congress. However, in that same time frame, men have gained 565,000 jobs in the sector and women lost … Continue reading

Spain / Do more labour market reforms OECD urges

Spain could further cut severance pay and better match training programmes to business needs among new steps to reduce Europe’s second-highest jobless rate, the OECD organization of wealthy countries said in a report on Wednesday. The report by the Organization for Economic Co-Operation and Development praised Spain, which is just emerging from a prolonged economic … Continue reading

UK / Unemployment rate slips to four-and-a-half year low of 7.4%

Britain’s unemployment rate has slipped to a four-and-a-half year low of 7.4%, edging closer to the “threshold” at which the Bank of England has said it will consider raising interest rates. The Office for National Statistics (ONS) said on Wednesday that unemployment in the three months to October was 2.39 million, or 7.4% of the … Continue reading

General Motors (GM) / To cut jobs in south korea

Automaker General Motors Co. (GM: Quote) plans to cut jobs at its South Korean operations in the first quarter of next year ahead of the withdrawal of its Chevrolet brand in Europe, media reported Tuesday. GM Korea reportedly will implement a voluntary retirement scheme for about 6,000 office workers by the end of March, event … Continue reading

General Motors (GM) in US / $1.3 bln in investment will create or retain about 1,000 jobs

GM said the investment at the plants in Michigan, Ohio and Indiana will create or retain about 1,000 jobs combined, but did not say how many will be new jobs Continue reading

Sharp factory in Wales / 615 jobs to go

Wrexham MP Ian Lucas said the loss of an expected 615 jobs at the Sharp factory on the Llay Industrial Estate announced today is a hammer blow to the town. “May I say how sorry I am for those who are losing their jobs in the run up to Christmas and I will work with … Continue reading

Europe / Employment fell by 0.8% in the euro area and by 0.3% in the EU28 since a year

These quarterly data on employment provide a picture of labour input consistent with the output and income measure of national accounts Continue reading

Cisco / To create up to 1,700 jobs with Ontario Govt

Cisco and the Ontario government today announced an agreement that could see the networking company spend as much as $4 billion over the next 10 years to expand its operations in the province. Premier Kathleen Wynne and Nitin Kawale, president of Cisco’s Canadian unit, attended a news event Friday in Toronto to release details of the … Continue reading

Novartis (Ciba Vision) / To cut 300 jobs with closure in Mississauga

Novartis AG will close its Ciba Vision plant in Mississauga, Ont., next year, laying off 300 workers, another in a growing list of factory shutdowns in the province. The plant, which has been making contact-lens solution for about three decades, will start winding down in May with the full closing slated for the end of … Continue reading

Ford / To Hire 5,000 in US and 6,000 in Asia

Ford Motor Co. (F) plans to add 11,000 jobs in the U.S. and Asia in 2014, with more than half of those hires coming in the latter region where the company is scheduled to open two factories. Ford plans to hire about 6,000 people in Asia, most of them as hourly employees, according to a … Continue reading

Sweden / The unemployment rate is at 8.0% (sa)

In November 2013 the number of employed persons aged 15-74 increased by 75 000 compared to November 2012 and amounted to 4.7 million (±35,000). The employment rate was 65.6 (± 0.5)%, an increase of 0.7 percentage points. The number of employed women increased by 53,000 and amounted to 2 236,000 (±27,000), while the number of … Continue reading

Balkan Countries / High unemployment rates

In Croatia, which has a 17 percent unemployment rate, almost 1,000 people lose their jobs daily. The rate is far above the EU average of 12 percent. The government is launching a programme in January to combat the high rates. Guarantee for Youth, which is funded by the EU, aims to secure jobs within six … Continue reading

Australia / Unemployment Rate up at 5.8% near post-crisis high

Australia’s jobless rate rose to 5.8% in November, edging closer to a post-financial crisis high and posing a challenge for the country’s conservative government. Unemployment surged to the top of the political agenda Wednesday as General Motors Co. GM -0.10% said it would cease all production in Australia from 2017, resulting in more than 2,900 … Continue reading

Latvia / Unemployment increases to 9.3 percent

Unemployment in Latvia during November increased to 9.3 percent, the State Employment Agency reports. The new figures show an increase of 0.2 percent when compared to October, where the registered unemployment rate was 9.1 percent. The highest unemployment rate was recorded in the Latgale Province at 18.7 percent, whilst the lowest unemployment rate was registered … Continue reading

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