Little Sign of New Jobs Created in Europe

Published: 4 September 2004 y., Saturday
According to figures published Wednesday by the European Union statistics agency, the unemployment rate in the dozen countries using the euro was unchanged at 9 percent in July. The figures were in line with expectations, and remain far above other parts of the industrialized world. The jobless rate stood at 5.6 percent in the United States and 4.9 percent in Japan, according to Eurostat. Unlike other developed economies, the euro zone has yet to experience a burst of job creation in response to stronger global economic growth, and there is little sign of dramatic improvement this year. The high unemployment rate partly explains the weak state of consumer confidence in the euro zone and the low level of spending growth. According to a survey of euro-zone purchasing managers also published Wednesday, manufacturers cut payrolls for the 39th straight month in August, and at a faster rate than in July. Unemployment rates varied widely across the currency area, with Austria recording a jobless rate of 4.2 percent, while Spain recorded a jobless rate of 11 percent. In the European Union as a whole — which includes Britain, Sweden, Denmark and the 10 mostly central and eastern European countries that joined the area May 1 — the jobless rate fell to 9 percent from 9.1 percent in June.
Šaltinis: story.news.yahoo.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

First woman wins Nobel Economics

Elinor Ostrom -- an American professor who developed ways to manage common property - is the first woman to win the Nobel prize for economics. more »

435 construction workers in the Netherlands to receive help from EU Globalisation Fund

The European Commission has today approved an application from the Netherlands under the Globalisation Adjustment Fund (EGF) for € 386 114 to help 435 workers made redundant by Heijmans N.V., a Dutch construction company, back into jobs. more »

Lithuanian biotech products conquer China

Seeking to strengthen and further expand product sales in the Asian region, the Lithuanian biotechnology company Fermentas established its subsidiary in China. more »

Foreign trade of Lithuania in January– August 2009

Statistics Lithuania reports that, based on non-final data obtained from customs declarations and Intrastat reporting data, exports in January–August 2009 totalled LTL 25.6 billion, while imports – LTL 28.9 billion. more »

AB „Finasta Holding“ will control „Finasta“ group and other companies of bank SNORAS group, engaging in financial investment activity

On 6 October 2009 AB Bank SNORAS Board decided to reform the Private Limited Company UAB “SNORO investicijų valdymas” into the Public Limited Company AB „Finasta Holding“, which will control recently obtained „Finasta“ group companies and other Bank SNORAS group companies, engaging in investment management. more »

Bust airlines - MEPs back compensation for grounded passengers

If your airline goes bankrupt and leaves you stranded what are your legal rights? Members of the Parliament's Transport Committee want grounded passengers to have access to a special compensation fund. more »

Crisis lessons

Euro report says currency provided protection from interest and exchange rate turbulence. more »

Prices for industrial production in September 2009 dropped by 1.6 per cent

Statistics Lithuania informs that in September 2009, against August, prices for total industrial production sold dropped by 1.6 per cent. more »

IFIs pledge continued drive to support Central and Eastern Europe through recovery

The European Bank for Development and Reconstruction (EBRD), the European Investment Bank (EIB) Group, and the World Bank Group* on Monday warned against complacency in the face of significant challenges that stand in the way of economic recovery in Central and Eastern Europe. more »

DnB NORD Bank to approve new note issue programme

The leader of the country’s investment products’ market – AB DnB NORD Bankas – intends to issue up to EUR 300 million nominal value corporate notes in local and foreign markets over the next 12 months. more »