US job loses claims are falling

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/Reuters

US Labor Department announced initial claims for unemployment benefits decreased by 10000 to 390000. MarketWatch predicted it to be 398000. However, the situation in the country is still difficult as only 80000 job places were created in October while 250000 jobs per month are necessary to satisfy natural increase in labor force. US unemployment rate is 9% in October.

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Mon, 14 Nov 2011 07:55:15 GMT

Berlusconi steps down as Italian Parliament approves austerity measures

On late Saturday Italian premier Berlusconi resigned after dominating in politics for almost twenty years. Former PM submitted his resignation to Greece's President Napolitano, after the Chamber of Deputies approved austerity measures to reduce national debt and stimulate economic growth. Napolitano is going to ask new PM Mario Monti to establish a new government. 

Fri, 11 Nov 2011 18:03:31 GMT

US consumer sentiment is rising

US consumer sentiment increased to 64.2 in November as compared to 60.9 in October according to report of the University of Michigan and Thomson Reuters. Consumer sentiment is higher than expected 63. Consumers were inspired by higher stock prices and decrease in  unemployment rate explain analysts. Economists are sure that it is a positive direction of higher customer spending.

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