Maintaining full-employment was announced as the main target for China's economy

Note: This section contains information in English only.
Source: The Telegraph
China's Premier Wen Jiabao denominated full employment as the main issue to consider for economic development targets. Revising China's economic indicators, GDP growth slowed to 7.5% in the second quarter of 2012. Wen added that achieving the existing unemployment of 4.1% might be much more difficult in the upcoming future and labor market might meet downturn. Currently youth is the most struggling labor segment since many Chinese colleague graduates face problems with finding their first job.
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Wed, 18 Jul 2012 11:20:17 GMT

Euro loses value ahead of vote on Spanish bailout

Ahead of Germany's vote regarding the Spanish aid program, on July 19, the European currency is losing its value against the US Dollar and the Yen. It decreased by 0.2% to $1.2270 and 0.3% to 96.88 Yen.

Wed, 18 Jul 2012 15:15:16 GMT

Demand for construction services improves in the USA

The latest US readings published by the American Institute of Architects (AIA) on Wednesday, July 18, indicated improvement in construction activity in June. The changes are determined by architects' billing index (ABI) that shows the demand for construction services. Thus ABI gained 0.1% in June and stopped at 45.9. However, reading below 50 implies declined demand for such works. Although, the architects' service inquiries, not all

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