Italian unemployment rate hits 13-year high

Note: This section contains information in English only.
Source: Bloomberg
Italy's jobless rate climbed to a seasonally-adjusted 10.8%, record high since the Q3 of 1999, Istat reported on Tuesday. Italy's economy slipped for a third quarter amid intensifying Europe' debt crisis and Mario Monti's austerity actions, which deepened countries recession. Youth was hit the most, with unemployment among people between the ages of 15 and 24 at 34.3% in June.
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Tue, 31 Jul 2012 10:29:51 GMT

German jobless rate climbs for a fourth month

The number of jobless people increased by a seasonally-adjusted 7,000 to 2.89 million, the adjusted unemployment rate held at 6.8%, the Federal Labor Agency announced on Tuesday. In July, German business confidence dropped to the lowest in two years amid market confusion and the Eurozone recession. The European Commission estimated a 0.3% decline for Eurozone economy in general.

Tue, 31 Jul 2012 10:07:50 GMT

New Zealand business confidence rises

On Tuesday, The National Bank of New Zealand reported a net 15.1% of business outlook survey respondents expect economic situation to develop during next 12 month, compared with 12.6% in June. A net 24.0% of enterprises await their own conditions to improve. Net confidence is calculated as the percentage of pessimists deducted from the percentage of optimists.

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