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EU sets up micro-finance fund to help unemployed

Unemployed people across Europe will be given the opportunity to set up their own business with money from a new EU micro-loan fund. Up to 45,000 budding entrepreneurs could be helped by the initiative over the next eight years. The €100 million fund...

Published 03-09-2010 2:14 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, unemployment, Europe, financial crisis, EU, microfinance
US unemployment rate holds steady at 9.7%

The Labor Department has today revealed the US unemployment rate remained unchanged at 9.7% in February and lower than the 10% rate reported in December. According to the Labor Department, employers cut 36,000 jobs last month - fewer than the 50,000 analysts...

Published 03-05-2010 5:42 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, Federal Reserve, US, February, unemployment, rate, GDP, consumer spending, unchanged, revised, factory orders, fourth quarter, upwards
Euro zone unemployment rate unchanged at 9.9%

The European Union’s statistics agency has today announced unemployment in the 16-member euro zone remained at 9.9% in January. Unemployment rose by 38,000 during the month, leaving the unemployment rate flat at December’s (downwardly-revised...

Published 03-01-2010 5:11 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, interest rates, January, unemployment, growth, recovery, unchanged, European Union
German unemployment rises less than expected in Feb

The Federal Labour Office has today announced the number of jobless in Germany grew by 7,000 in February compared with January, taking the country’s unemployment rate to 8.7% - from 8.6% the previous month. The total number of unemployed in Europe...

Published 02-25-2010 12:01 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, recession, investment, Germany, February, unemployment, exports, rise, less, expected, Kurzarbeit scheme, Federal Labour Office, marginal
Federal Reserve chairman pledges low interest rates for long-term

Chairman of the Federal Reserve Ben Bernanke has today said US interest rates will need to stay low in order to keep the economic recovery on track. In a testimony before Congress, Bernanke said there was a “nascent economic recovery” and...

Published 02-24-2010 6:01 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, inflation, interest rates, Federal Reserve, US, Ben Bernanke, fall, Property News, central bank, unemployment, sales, low, recovery, new homes, consumer confidence, pledge, extended period, nascent, long-term
Fed discount rate rise triggers sterling losses

The US Federal Reserve stunned markets by raising its discount rate (the interest rate it charges banks for emergency loans) by 25bps to 0.75%. The news sent the pound down to its lowest level against the US dollar in nine months, while Asian equity markets...

Published 02-19-2010 12:46 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, Federal Reserve, US, unemployment, growth, withdraw, surprise, markets, stimulus measures, raise, monetary policy, discount rate
Fed warns of higher unemployment

In its latest forecast for the world’s largest economy, the US central bank, the Federal Reserve, has said economic growth will be between 2.8% and 3.5% in 2010 - better than its previous forecast of 2.5% to 3.5%. However, the Fed has warned that despite...

Published 02-18-2010 8:35 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, Federal Reserve, forecast, stimulus package, unemployment, Barack Obama, warning, growth, Jobs, high, scheme
Credit card interest rates soar to 12-year high

New research has revealed that millions of credit card holders could face severe debts after card providers have put interest rates up to a 12-year high. The Bank of England’s base rate has been at the historically low rate of 0.5% for almost a year but...

Published 02-16-2010 8:42 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, interest rates, borrowers, research, Credit Card News, unemployment, Debt News, rise, Moneyfacts, debts, providers
CEBR reveals what might have happened if Britain joined the euro

Leading think tank, the Centre for Economic and Business Research (CEBR), has today claimed that the recession and unemployment would have been much worse if Britain had joined the euro. According to the think tank, if Britain had dropped the pound, the...

Published 02-15-2010 5:50 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: Economy News, recession, unemployment, GDP, Britain, think tank, CEBR, euro, claims, worse, debt crisis, Greece, Centre for Economic and Business Research, join
CIPD expects unemployment to rise

Published 02-15-2010 8:36 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, UK, survey, jobs market, CIPD, Chartered Institute of Personnel and Development, unemployment, gloomy, public sector, outlook
US retail sales up 0.5%, consumer confidence down

The Commerce Department has revealed a better-than-expected 0.5% rise in January retail sales compared with the previous month, suggesting a strong economic recovery. The figures follow on from the 0.1% fall in December but on an annual basis, sales were...

Published 02-14-2010 6:00 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, index, January, unemployment, rise, retail sales, Commerce Department, strong, recovery, consumer confidence, Reuters/University of Michigan
Euro zone economy grows just 0.1% in Q4

Official figures have revealed the euro zone economy grew just 0.1% in the final three months of 2009, suggesting the economic recovery is faltering. The news came after poor GDP figures from the euro zone’s largest economies. Germany, which is the euro...

Published 02-14-2010 5:24 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, euro zone, Economy News, interest rates, Germany, unemployment, GDP, growth, Spain, recovery, France, Italy, quarter four, falter, Greek debt crisis
Greece’s woes continue as unemployment rate hits 10.6%

Greece’s national statistics service, NSS, has today revealed the country’s unemployment rate rose from 9.8% in October to 10.6% in November. There are now more than half a million people unemployed in the country. The figures come prior to the EU summit...

Published 02-11-2010 12:41 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, euro zone, Economy News, figures, unemployment, rate, Debt News, rise, Spain, Greece, NSS, EU summit
US unemployment rate falls to 9.7%

The Labor Department has today revealed that the US unemployment rate fell from 10% in December to 9.7% in January - its lowest level in five months. According to the Labor Department, employers cut 20,000 jobs last month - many analysts had predicted...

Published 02-05-2010 3:15 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, fall, Labor Department, unemployment, rate, GDP, shares, growth, recovery, Europe, surprise, Q4, debt fears
Euro zone retail sales flat in December

Eurostat has today revealed retail sales in the euro zone were unchanged in December from January. The figures disappointed analysts who had expected a 0.4% rise in which is traditionally the busiest month of the year for retailers. The latest figures...

Published 02-03-2010 5:53 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, euro zone, Economy News, unemployment, retail sales, recovery, unchanged, consumer demand, Eurostat, fragile, disappointing, December

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