BARCLAYS | In our view, achieving the FOMC’s target of 2% PCE inflation may require a substantial undershoot on the unemployment rate ( to 4% if not below ). Should the unemployment rate remain near current levels or should inflation expectations drift lower, the FOMC would be unlikely to hit its inflation target over the foreseeable future.
As usually happens in the month of August, unemployment in Spain rose due to the end of the summer season. The jobless rate climbed by 21,679 people and social security affiliations declined by 134,289. But the unemployment rate decreased by 8% on a year-on-year basis.
The Corner | July 23, 2015 | Spain unemployment fell by 295,600 people, or 5.4 % in Q2 from Q1. It is the second major Q2 drop since at least 2008, according to the Active Population Survey.
The Corner | June 3, 2015 | Good news for Spain’s economic recovery. The number of unemployed people in Spain saw a sharp drop in May, marking the largest fifth-month decline since records began in 1996.
SAO PAULO | May 15, 2015 | By Marcus Nunes via Historinhas | It´s such a bad ‘target’ that the Fed has been compelled to move the target frequently over the past couple of years, all the way from 6.5% to 5%-5.2%!
The Corner | April 23, 2015 | The number of unemployed Spaniards decreased in the first quarter of 2015 by 13,100 people, and reached the figure of 5,444,600, according to the official Employment Active Population survey released on Thursday (23.78% of the active population). “The employment survey seems to be the only one of which the government is not afraid,” famous radio host Carlos Alsina ironized, referring to Mr Rajoy’s cabinet struggle to contain the fallout from a tax investigation against former senior leader of the party and IMF head Rodrigo Rato.
MADRID | April 7, 2015 | By Fernando G. Urbaneja | There are two lingering black marks against the Spanish economy. The first is rampant unemployment, which is second only to Greece in the euro area and the OECD. The second is a large budget deficit-the largest in Europe-which remains stubbornly high and is still some way off the target of 3% of GDP. Against that backdrop, the Spanish economy has returned to stronger growth this year, with forecasts showing the economy could expand by as much as 3%.
The Corner | April 6, 2015 |Figures released today show that unemployment in Spain has fallen again, with Spanish consumers more confident than ever about the trajectory of the economy.
The Corner | March 31, 2015 | German and Spanish retail sales have improved markedly compared with this time last year. Unemployment figures for the euro zone are expected to fall slightly, while results of EU inflation figures will be keenly monitored in the wake of the ECB’s sovereign bond purchasing programme, launched earlier this month.
The Corner | March 5, 2015 | Markets are again looking to the ECB for a gauge as to where the continent is headed, with Mario Draghi expected to announce more detailed descriptions of the bank’s QE plan. Elsewhere, data from Germany, Italy and Greece are likely to highlight the divergent fortunes of countries within the single currency area.