Spain jobless continues to fall, government lauds labour reform
MADRID (Reuters) - Spain's deep unemployment problem eased a little more in July as the number of registered jobless fell for the fifth straight month, the Labour Ministry said, due to seasonal factors including a busy tourist season.
The government on Friday said a labour market reform carried out in February 2012 had mitigated the rise in unemployment, improved competitiveness and prevented the destruction of nearly a quarter of a million jobs in its first year of operation.
Read the full article here.
MADRID (Reuters) - Spain's deep unemployment problem eased a little more in July as the number of registered jobless fell for the fifth straight month, the Labour Ministry said, due to seasonal factors including a busy tourist season.
The government on Friday said a labour market reform carried out in February 2012 had mitigated the rise in unemployment, improved competitiveness and prevented the destruction of nearly a quarter of a million jobs in its first year of operation.
Read the full article here.
Eurozone appears to finally exit recession, but recovery to be 'excruciatingly slow'
The euro-area economy probably edged back to growth last quarter for the first time since 2011, ending the longest recession since the single currency union started 14 years ago.
Gross domestic product in the 17-nation region expanded 0.2% in the three months through June after shrinking for the previous six quarters, according to the median of 41 forecasts in a Bloomberg News survey. The European Union`s statistics office in Luxembourg will release the data on Aug. 14. Germany probably grew about 0.75%, according to a government estimate, exceeding the 0.6% economists predict.
Read the full article here.
The euro-area economy probably edged back to growth last quarter for the first time since 2011, ending the longest recession since the single currency union started 14 years ago.
Gross domestic product in the 17-nation region expanded 0.2% in the three months through June after shrinking for the previous six quarters, according to the median of 41 forecasts in a Bloomberg News survey. The European Union`s statistics office in Luxembourg will release the data on Aug. 14. Germany probably grew about 0.75%, according to a government estimate, exceeding the 0.6% economists predict.
Read the full article here.