The number of Americans filing for unemployment benefits rose to a five-month high last week, but likely does not signal a deterioration in the labor market as the underlying trend remained consistent with tightening conditions.
US job growth rebounded last month and the unemployment rate dropped to a near seven-year low of 5.4 per cent, signs of a pick-up in economic momentum that could keep the Federal Reserve on track to hike interest rates this year.
A staggering 35 per cent of Lebanon’s youth are currently unemployed, said a report citing the country's industry minister.
The rising unemployment among Lebanese youths confirms the World Bank’s concern that the r
Saudi Arabia has recorded the national unemployment rate at 11.7 per cent for 2013, with 6.1 and 33.2 per cent for males and females respectively, a report said.
Licenses were issued to 338 recruitment offices to hire Saudi nation
Bahraini women make up around 83 per cent of the country's unemployed, according to new statistics presented by the labour minister.
Labour Minister Jameel Humaidan yesterday admitted employing women had been a challenge, desp
Foreign direct investment in Tunisia fell by 1.3 percent in the first half of 2013, official data showed on Saturday, a likely reflection of political strife in the north African state.
Foreign investments fell
Global 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.
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.