Europe isn’t working
Unemployment in the Eurozone hits a new record high.
The seasonally-adjusted unemployment figures show that from March to April 2013 an extra 95,000 people were out of work in the 17 countries that use the euro. This takes the Eurozone …
Nearly 1 million over-65s are still working
Almost 1 million people in the UK are working past age 65.
Figures from the Office for National Statistics show the number of people aged over 65 in employment in the UK reached a record level of 980,000 in the …
The European Central Bank cuts interest rates to record low
The European Central Bank (ECB) has cut its benchmark interest rate to a new record low of 0.5%.
The move comes amid on-going worries about the Eurozone’s economic health.
This move brings the ECB benchmark interest rate to the same …
Spain isn’t working
Spain’s unemployment rate reached a new record of 27.2% of the workforce in the first quarter of 2013.
Spain’s National Statistics Institute revealed the total number of unemployed people in Spain is now in excess of six million.
The figures …
UK economy avoids recession
The UK economy has avoided falling back into a recession after recording growth in the first three months of 2013.
The Office for National Statistics estimates for gross domestic product (GDP) show the economy grew 0.3% during the first quarter …