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Jobless youths could be drag on recoveryThe global economy is recovering - although the younger you are and the longer you've been out of work, the less likely it is that you'll have noticed. A modest upturn in the major devel More… |
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US jobless claims at four-month highThe number of Americans filing new claims for unemployment benefits hit a four-month high last week, suggesting the labor market recovery lost some steam in March. Initial claims for state More… |
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Global economy: Rays of hope pierce thick cloudsGlobal economic news is improving here and there, but a batch of data due this week is unlikely to shake financial markets' conviction that major central banks are not about to take away the punch bowl. More… |
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Euro Zone's crisis 'far from over'The euro zone's crisis is far from over and its members must tighten budgets and forge a banking union to leave behind the "fairy world" that allowed problems to grow, said European Central Bank (ECB) president Mario Draghi. More… |
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US jobless claims back at four-year lowsThe number of Americans claiming new jobless benefits fell back to a four-year low last week and manufacturing in the Northeast held up in March, providing more signs the US economy was firmly on a self-sustaining growth path. Initial clai More… |
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UK jobless at new 17-year highThe number of Britons out of work hit its highest level in more than 17 years in November, but a much smaller than expected number of new benefit claims in December provided some hope. Unemployment rose less in Britain than in most other a More… |
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Gold edges up after upbeat US dataGold inched higher on Friday in thin trade, taking cues from higher equities after upbeat US economic data encouraged investors, while the persistent gloom hanging over the euro zone weighed on sentiment. Data showing a drop in US jobless More… |
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UK unemployment hits 17-year highThe number of Britons out of work rose to its highest level in more than 17 years in October, and these jobless figures look set to rise further as firms facing the threat of a renewed recession cut back on staff. While a surprise slowdown More… |
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Spain blow as jobless rate up 1.4pcThe number of registered jobless people in Spain rose for the fourth straight month in November, by 1.4 per cent from a month earlier, as a debilitating economic slump kept Spaniards away from shops and restaurants, hitting the vital service secto More… |
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UK unemployment jumps to highest since 1994Unemployment in Britain jumped to its highest level since 1994 with young people particularly hard hit as private companies failed to make up for job losses in the public sector, piling pressure on the government to boost a stagnant economy. More… |
