July 2014 International Economic Fundamentals

Ally

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#2
Eurozone's jobless rate stuck at 11.6%





The number of unemployed people in the 18 eurozone countries declined fractionally in May, not enough to bring down the jobless rate, which remained at 11.6 per cent compared with a month earlier.





The European Union's statistics office, Eurostat, said Tuesday the overall number of unemployed workers in the 18 countries that use the euro decreased by 28,000 from the previous month to 18.6 million.





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Ally

Research Assistant
Registered
Mar 24, 2009
16,745
70
48
Langley
#3
Australia losing 75,000 mining jobs in next two years





Between 50,000 and 75,000 mining jobs will be lost in Australia over the next couple of years as the industry's US$427 billion (A$450bn) investment on new capacity slows, research by the ANZ bank released on Wednesday shows.





According to the bank, the cuts will occur because the sector is switching from the job-heavy construction stage to the operational phase, which requires fewer workers.





Read the full article here.