unemployment
The number of Germans without jobs increased by 18,000 on a seasonally-adjusted basis in July, according to the Bundesagentur für Arbeit (BA) - Germany's National Employment Agency. Without the adjustment, the number of unemployed individuals rose by 82,000 month-to-month, meaning a total of 2.81 million people were without work. Compared to July last year, Germany counted 192,000 more unemployed citizens. It's normal for the jobless rate to rise in the summer as hiring slows during the holiday period. Even so, this month's jump is larger than usual. "The weak economic development is putting p...
Euronews (English)
The unemployment rate in Spain fell by 1.02 percentage points to 11.27% in the second quarter of this year, the National Statistics Institute announced on Friday. This follows a slight uptick seen in the previous quarter, although confirms a longer pattern of falling unemployment. Compared to the previous three months, the number of unemployed people decreased by 222,600 this quarter to 2,755,300. The female unemployment rate fell by 1.12 percentage points – to 12.61% – and the male rate by 0.93% – to 10.08%. The services sector saw the largest decrease in the number of job seekers, with 190,5...
Euronews (English)
Ukrainian companies are forced to offer higher wages as they are faced with increasing labor shortages, according to a report by the National Bank of Ukraine (NBU) published on July 4. Over 6 million Ukrainians left or were forced out of their home country after the outbreak of Russia's full-scale war, according to UNHCR. The labor shortage is compounded by the intensifying mobilization drive as Kyiv seeks to replenish the ranks of its Armed Forces. Many sectors have been seeking exemptions from the draft for their employees. According to the NBU's report, the offered monthly salaries have con...
Kyiv Independent
Ukrainian companies are forced to offer higher wages as they are faced with increasing labor shortages, according to a report by the National Bank of Ukraine (NBU) published on July 4. Over 6 million Ukrainians left or were forced out of their home country after the outbreak of Russia's full-scale war, according to UNHCR. The labor shortage is compounded by the intensifying mobilization drive as Kyiv seeks to replenish the ranks of its Armed Forces. Many sectors have been seeking exemptions from the draft for their employees. According to the NBU's report, the offered monthly salaries have con...
Kyiv Independent (CA)
Ukrainian companies are forced to offer higher wages as they are faced with increasing labor shortages, according to a report by the National Bank of Ukraine (NBU) published on July 4. Over 6 million Ukrainians left or were forced out of their home country after the outbreak of Russia's full-scale war, according to UNHCR. The labor shortage is compounded by the intensifying mobilization drive as Kyiv seeks to replenish the ranks of its Armed Forces. Many sectors have been seeking exemptions from the draft for their employees. According to the NBU's report, the offered monthly salaries have con...
Kyiv Independent (UK)
France's Prime Minister Gabriel Attal has decided to suspend a proposed revamp of the country’s unemployment benefit system following the first round of France's legislative elections. On Sunday, the right-wing National Rally party (RN) and its allies won 33% of the vote, followed by the left-wing alliance, the New Popular Front, on 28%. President Macron's Ensemble coalition came in third, with just shy of 21% of the vote. Given the criticism of Attal's unemployment reform by the two leading parties, the Prime Minister has doubled down on one of his major aims since he took office in January. ...
Euronews (English)
Spain's economy grew slightly more than expected during the first quarter, at 0.8% and up from 0.7% on the previous quarter. It was the highest figure since the second quarter of 2022. The rise was mainly due to an increase in household spending which grow at 0.4%, the National Statistics Institute revealed. Imports of goods and services rose 2.2% during the first quarter of the year, whereas exports of the same jumped 3.3%. However, public administration spending fell 0.6%. On the supply side, most key sectors experienced robust growth, with the manufacturing industry rising 2.2%, and industr...
Euronews (English)
The Swedish unemployment rate in May was released on Wednesday morning, coming in at 8.7%, down from 8.9% in April, according to Statistic Sweden. This was also a three-month low. However, it was still a jump from May 2023’s 7.9%. The number of people without a job increased to 496,000, a rise of 41,000. On the other hand, the number of people with jobs fell to 5.187 million, a decline of 112,000. The employment rate for May 2024 was 68.3%, which was a fall of 1.5%. The labour force rate, which measures the number of employed people, as a percentage of the number of people falling within the w...
Euronews (English)
The UK unemployment report for the three months ending April 2024 was released on Tuesday morning, coming in at 4.4%, according to the Office for National Statistics. This was more than both the previous period and analyst expectations of 4.3%. This was also the highest figure since September 2021. The number of people without a job rose to 1.51 million, inching up 24,000. A significant portion of this number was made up by people who did not have a job for the last 6 months. The number of people without jobs for more than 6 months, going up to 12 months also rose, as did the number of people ...
Euronews (English)
The number of people in Germany without a job rose to 2.762 million in May, according to the newly released unemployment rate report for May. That was a jump of 25,000, and much more than the 10,000 predicted. It is the 17th month in a row that unemployment has risen and the jobless total continues to hover near three-year highs. Meanwhile, the seasonally adjusted jobless rate was 5.9% last month, the same level for the sixth month in a row in line and in line with analyst expectations. This was the sixth month in a row that the unemployment rate was at this level, which was in line with analy...
Euronews (English)
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