UK unemployment remained at three-year low in April

Note: This section contains information in English only.
Source: Marketwatch
UK jobless rate stood at 8.2% in April, near three-year low, as businesses created sufficient number of new jobs to compensate public sector job cuts. The private sector managed to create 205,000 new jobs in three months before April. The data are highly appreciated by government officials who expect the private sector to employ 740,000 individuals by 2017 as public sector is likely to continue reducing jobs.


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Wed, 20 Jun 2012 14:51:01 GMT

Switzerland's ZEW index tumbled in June

Swiss economic sentiment deteriorated significantly, approaching five month-low in June. ZEW indicator that measures economic sentiment plunged by 39.4 points, attaining minus 43.4 this month  as compared to minus 4.0 in May. Experts predicted the indicator to lose 11.0 points to 15.0 this month. A reading above zero signals optimism while a reading below zero indicates pessimism.

Wed, 20 Jun 2012 14:29:07 GMT

China's rare earth reserves are falling

China announced that its rare earth resources in top-mining areas are falling with accelerating pace while the most of the original reserves are almost depleted. China's officials attributed the fall to illegal mining and excessive exploitation. Meanwhile, China attempts to protect rare earths exports by imposing quotas but increasing demand for electrical goods production creates a threat for China's resources.

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