Not exact matches
Spain's household savings rate
fell to its lowest level on record
in the third quarter of last year as high
unemployment and wage deflation
in the latest recession obliged them to devote more of their disposable income to consumption, according to
figures released Wednesday by the National Statistics Institute (INE).
Looking at the
figures for each recession, it's notable that (a) the proportionate rise
in the level of
unemployment, once the
fall in GDP is taken into account, bears some relation to the rise
in real wages; (b) there is no consistent difference between supply - side and demand - side recessions; (c) given the long - term costs of
unemployment, a flexible labour market becomes extremely important
in a recession.
Official
figures from Eurostat show that the
fall in the eurozone
unemployment rate has been painfully slow — declining to 11.1 %
in April from 11.7 % a year earlier — and remains much higher
in countries like Greece and Spain.
Unemployment across the 19 - country eurozone has
fallen to its lowest level
in a little more than nine years on the back of strong economic growth, official
figures showed Thursday.
Following the publication of
figures in October 2011 showing that
unemployment had risen to 2.57 million, the leader of the Opposition, Ed Miliband, argued that as the Prime Minister had «justified his economic policy» by saying
unemployment would
fall «this year, next year and the year after», he must now «change course so that he has a credible plan to get people back to work
in this country.»
Unemployment has
fallen by 14,000
in the final quarter of last year to 2.5 million according to
figures from the Office for National Statistics (ONS).
Unemployment fell marginally
in the first three months of the year,
figures out today have shown,
in a boost to the coalition.
The Conservatives have accused Labour of seeking to «talk down the economy» by latching on to the recent youth
unemployment figures when the total number out of work
in the UK
fell by 97,000 to 1.86 million
in the three months to December.
His claim that
unemployment will
fall rather than rise
in the course of this Parliament is based on the OBR assessment, rapidly rushed out to give ammunition to contest the anticipated Harman attack (incidentally providing the first suspicions about the OBR's objectivity), that whilst 600,000 public sector jobs will be lost by 2015 - 6 and a similar
figure (though unspecified)
in the private sector as a result of the public spending cuts, some 2.5 m jobs will be created over the same period
in the private sector.
And we shouldn't allow welcome
falls in headline
unemployment figures to conceal deeper problems
in our labour market.
Commenting on
figures published today showing
unemployment in Wales
fell by 6,000
in the 3 months to February 2014, Eluned Parrott, Welsh Liberal Democrat Shadow Economy Minister, said:
Shadow work and pensions secretary Theresa May said: «Any
fall in the level of
unemployment is welcome news, but today's
figures are still real cause for concern.
In particular, the payroll
figures for April have shown that hiring has rebounded and US
unemployment rate has
fallen below 4 % for the first time since December 2000.
While the latest
figures show a
fall in overall
unemployment, there has been a record rise
in the number of people out of work for more than a year.
The
unemployment rate for adults ages 25 to 34
fell to 5.4 percent
in February from a high of 10.6 percent
in October 2009, Labor Department
figures show.