Spanish unemployment breaches 25%

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Source: Bloomerbg
© Scanpix/Reuters
The National Statistics Institute reported on Friday that Spanish unemployment increased to a record high in the quarter from July to September, adding pressure on the Prime Minister to seek for bailout. The level of unemployment reached a level of 25.02%, compared to a reading of 24.6% in the preceding quarter. The figure is the highest since 1976, when the country was changing its political regime.
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Fri, 26 Oct 2012 12:54:29 GMT

U.S. economy expands at 2%

The Bureau of Economic Analysis reported on Friday that the gross domestic product of the United States added more than expected in the quarter from July to September. The U.S. GDP climbed 2% annual rate, compared to a 1.3% increase in the preceding quarter. Economists, however, expected that the economy would expand at a rate of 1.8%. Consumer spending accounts

Fri, 26 Oct 2012 13:31:48 GMT

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