By Alexandru F. Ghita | The “sudden death” of one economic giant in certain regions created major spikes in unemployment. This is a(nother) sign that reliance on major companies to produce and sustain jobs on their own is counter-productive.
MADRID | Don’t blame the recession as the only source of this huge Spanish unemployment when fiscal drag on salaries represents over 80% of overall receipts.
BARCELONA | Maintaining growth is crucial to continue reducing debt and boosting the recovery in employment. The US unemployment rate falls to 7.7% thanks to the reduction in the labour force.
MADRID | What went wrong? Spanish unemployment is closely linked to the shortcomings the reform was unable to cope with: better labour relations and time-contract jobs on a too wide scale.
BRUSSELS | In November 2012, 5.799 million young persons (under 25) were unemployed in the EU, of whom 3.733 million were in the euro area.
AMSTERDAM | Fleur de Weerd | Although Spain is always mentioned as the country with the greatest unemployment, the situation in Italy and Bulgaria is more worrying.
Over the last month, unemployment in Catalonia grew by 2.19%, while a year ago, in October 2011, it grew by 2.43%.
Remember when a higher education used to be a guarantee of success in the market? With the crisis, the picture has turned 180 degrees: too many graduates in Europe and the U.S are waiting tables, going back to their parents and coping with frustration. New grads are also facing competition from older, laid-off job seekers. In the case of American youngsters, they also need to repay their loans (see our…
BEIJING | The BBC recently released an article on how Chinese students with foreign qualifications are having a harsh time looking for a job. Not so long ago, the article goes, they used to have a promising professional future in China ahead of them. They had an experience, language skills and qualifications other potential employees educated in local universities did not. Conversely, nowadays their academic profile seem not to fit…
By CaixaBank research team, in Barcelona | The slowdown in the recovery of the labour market is the factor that best explains this slump in consumption. In May, 69,000 net jobs were created, a very modest figure that follows on from the bad figures for April. Similarly, the hours worked and weekly wages also fell. The recovery is too slow and the level of employment prior to the crisis is…