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Australia unemployment rate rises to 5.3% in July

Figures today revealed Australia’s unemployment rate rose unexpectedly to 5.3% in July from 5.1% in June. According to the Australian Bureau of Statistics, 24,600 more people were out of work surprising analysts who had expected no change. However, experts...

Published 08-12-2010 8:38 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, recession, Australia, unemployment, rate, rise, avoid, surprise, Australian Bureau of Statistics, July

UK unemployment rate holding steady at 7.8%

The Office for National Statistics (ONS) has today revealed UK unemployment dipped in the three months to June. According to the ONS, the number of people unemployed in the UK fell to 2.457 million. The ONS said the jobless total dived by 49,000 in the...

Published 08-11-2010 10:44 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, fall, report, CIPD, unemployment, rate, Office for National Statistics, ONS, unchanged, June, claimant count

US Fed expected to keep interest rates at record low today

As uncertainty surrounds the world’s largest economy, investors are awaiting the outcome of the Federal Reserve’s policy meeting today. The US Fed is set to announce its decision on interest rates and other stimulus measures. Interest rates in the...

Published 08-10-2010 2:28 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, quantitative easing, interest rates, Federal Reserve, US, Ben Bernanke, unemployment, housing market, fears, recovery, investors, stimulus measures, monetary policy, await, outcome, double-dip” recession

UK jobs market recovery in danger of stalling

Cutbacks in the public sector will be impacting on UK jobseekers across all sectors between now and the end of the year, according to research from The Chartered Institute of Personnel and Development (CIPD). The professional body has warned that employers...

Published 08-09-2010 9:19 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, survey, index, CIPD, Chartered Institute of Personnel and Development, unemployment, rise, job cuts, private sector, public

US unemployment rate holds steady at 9.5%

The Labor Department has revealed the world’s largest economy lost 131,000 jobs last month – again, partly due to the loss of temporary Government jobs, which were recruited to help conduct the 2010 census. The latest figures means the unemployment rate...

Published 08-06-2010 2:21 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, Labor Department, unemployment, rate, housing market, job losses, fears, recovery, July, Census, steady

US Pending Home Sales Index plunges to 9-year low

The National Association of Realtors (NAR) today said its Pending Home Sales Index fell by 18.6% in June on year. On a monthly basis, the index fell by 2.6% to 75.7 points based on contracts signed in June compared with May. As a result, the index fell...

Published 08-03-2010 6:22 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, fall, Property News, Government, unemployment, housing market, consumer spending, National Association of Realtors, record low, incentive, concern, NAR, Pending Home Sales Index, tax credits

Alan Greenspan issues caution for US economic recovery

Alan Greenspan, the former chairman of the US Federal Reserve, has told US television that there is currently a “pause” in the US recovery. Mr Greenspan told NBC’s Meet the Press programme: “We’re in a pause in a recovery...

Published 08-02-2010 9:16 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, unemployment, housing market, growth, risk, fears, recovery, double dip, Alan Greenspan

World’s largest economy expands by 2.4% in Q2

Official figures have revealed the world’s largest economy experienced annualised growth of 2.4% in the April to June period, according to the US Commerce Department. The figure came in slightly below expectations but it is the first of three estimates...

Published 07-30-2010 2:37 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, unemployment, housing market, Commerce Department, expectations, slow, recovery, expand, below, strength, quarter two

Euro zone unemployment rate flat, inflation moves closer to target

The European Union’s statistics agency has today announced unemployment in the 16-member euro zone remained flat at 10% in June. According to Eurostat, 15.77 million people were unemployed in the euro zone during June. Spain has the highest unemployment...

Published 07-30-2010 12:20 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, euro zone, Economy News, European Central Bank, inflation, interest rates, unemployment, confidence, target, Eurostat

German business confidence sees record rise

The Munich-based Ifo think tank today announced confidence among German firms has returned. The Business Climate Index jumped to 106.2 points in July from 101.8 the previous month – the strongest rise for 20 years. The reading also exceeded expectations...

Published 07-23-2010 11:48 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, Germany, index, unemployment, expectations, confidence, business, exceed, return, IFO Institute, July, record rise

MPC member gives negative outlook for economy

One of the Bank of England’s most senior policy makers, Spencer Dale, has provided a gloomy outlook for the UK economy. In an interview with the Independent, Mr Dale has warned that growth prospects have been hit following Chancellor George Osborne...

Published 07-22-2010 5:40 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, inflation, interest rates, Bank of England, unemployment, negative, interview, Monetary Policy Committee, Andrew Sentance, Spencer Dale, policy maker, The Independent

US Fed describes outlook as ‘uncertain’

US Federal Reserve chairman, Ben Bernanke, has said the outlook for the world’s largest economy remains “unusually uncertain”. The US housing market, in particular, has experienced a double-dip in activity after the expiration of a Government...

Published 07-22-2010 8:21 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, Federal Reserve, action, unemployment, manufacturing, housing market, deflation, growth, boost, monetary policy, double-dip" recession, "unusually uncertain"

Falling unemployment boosts sterling

The reported decline in UK unemployment figures last month gave sterling an extra boost, pushing the euro/sterling rate towards the €1.20 mark, exchange rate analysts observed. Unemployment fell to 7.8% in June, down from 8.0% in April. Exchange rate...

Published 07-15-2010 11:46 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, UK, unemployment, economic recovery, exchange rate, sterling

Obama’s stimulus plan ‘created more jobs than expected’

The latest quarterly report released by the White House has revealed the multi-billion dollar stimulus package created between 2.5 and 3.6 million jobs. This was higher than an original estimate of 2.2 million to 2.8 million jobs and suggests the package...

Published 07-15-2010 11:39 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, Federal Reserve, stimulus package, report, unemployment, retail sales, growth, job, revised, White House, downwards, creation, Obama administration

US retail sales fall in June

The Commerce Department today announced retail sales fell by 0.5% in June – the second consecutive monthly fall after a downwardly revised 1.1% fall in May. Sales were hit by a decline in sales of petrol and cars and were slightly worse than the...

Published 07-14-2010 6:14 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, fall, unemployment, retail sales, Commerce Department, June, second, month, consecutive

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