Eurozone manufacturing falls

Source: The Wall Street Journal
Eurozone manufacturing activity fell further in May, indicating that the economy will continue experiencing difficulties as the debt crisis escalates. The data coming from France and Spain shows that the figures are at the lowest level for the past three years, as well as the reading of Germany was negative, meaning that the Euro bloc's biggest economy is influenced by the troubles of periphery countries.

 

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Fri, 01 Jun 2012 13:10:11 GMT

Italian Unemployment rate reached its 12-year peak

Based on Istat statistics, the Italian unemployment surged to 10.2%, the highest in a 12-year period, exceeding all forecasts. The previous joblessness figures was 9.8% in Q1 2012 and 9.1% in Q4 2011. To ameliorate situation in the labour market, the Senate located in Rome issued an overhaul encompassing regulations regarding the recruitment and termination of employees. However, prior to its implementation the reform should be

Fri, 01 Jun 2012 12:48:10 GMT

Euro zone unemployment at record heights

The Euro zone unemployment in March and April was in line with the forecasts and reached 11%. This is the highest level since 1995 when the time series started. In Spain, where government is struggling with banking crisis, unemployment increased by 0.2% since March and reached 24.3% - the highest level amongst all Euro zone countries. In France and Portugal unemployment

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