Catalonia’s unemployment reaches historical record
Over the last month, unemployment in Catalonia grew by 2.19%, while a year ago, in October 2011, it grew by 2.43%.
unemployment
In Tough Economic Times, Is Higher Education Still Worth The Price?
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…
How to learn and prosper in China
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…
Job creation loses steam in the US
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…
Jobseeker numbers in France increase for the 14th consecutive month
President François Hollande made as many promises as European politicians accustom to lure their voters with during election campaigns. In one occasion, the French leader vowed to create up to 80,000 jobs in the private sector and hire 60,000 more workers in the education department alone. Right now, this would come handy to tackle the country’s rising unemployment. Last June, the headline number of jobseekers in France jumped significantly for…
Spanish unemployment: no good news until summer of 2013
MADRID | Analysts at BNP Paribas’s broker Cortal Consors in Spain said in an investor note that their scenarios for the situation of the unemployment levels would not register any improvement until the second half of next year. Occupation is still under a heavy destruction trend in Spain, with a -4.1 percent during the second quarter of 2012. Unfortunately, data released today by the Spanish institute of statistics backed pessimistic…
Italian unemployment trend takes nasty turn: Tuesday’s charts
bank loans with bad credit LONDON | Italian prime minister may have to introduce in his country the labour market reform á la Spanish he much praised not long ago. Among the statistics that are increasingly flagging a red light in the Italian economy, unemployment is gaining some attention. Although Italy’s labour market underwent substantial adjustments over the past two decades, with the 1997 Treu measures and the 2003 Biagi reform,…
U.S. graduates: victims of the next bubble?
NEW YORK | At 27 years old, Andrew Legrand doesn’t own a house nor a luxurious car. And yet he has over $100,000 in student debt. He graduated from law school in Florida last June but he still hasn’t started to pay off his bills. As he explains to The Corner, he feels anxious that the clock is running. “I didn’t have any debt prior to school. Now I owe $100k…
Obama is waiting anxiously for the jobs’ boost
NEW YORK | U.S. investors are looking forward to this Thursday’s jobless claims figures after the pretty lame monthly jobs report last week. Wall Street needs a sweetener, otherwise investors will keep on the sidelines of the stockmarkets. Only a better than expected (366,000 new jobless claims) figure could boost U.S. market and economical confidence. Indeed, last Friday’s report was shocking: America is creating employment almost at the same rate…
Growth in salary costs in the US not what it looks like
MADRID | Employment creation figures in the US disappointed Wall Street expectations for April, with 115,000 versus 165,000 and a fall of the jobless rate of 0.1 percent to 8.1 percent. Afi analysts in Madrid checked deeper into the subject and concluded in an investor’s note that income per working hour and working hours per week have both been flat, so growth recorded in salary costs was the consequence of…