Daily Archives | unemployment
Spain: Unions Against Labor Reforms
February 21st, 2012
READ MORELast Sunday, in response to labor-market changes announced by the government, Spain’s largest unions carried out mass protests. The demonstrations were the first union protests against the conservative government which took office two months ago. The government argues that the …
American Airlines to Cut 13,000 Jobs
February 3rd, 2012
READ MOREAmerican Airlines is the third airline in the United States. On November 29, 2011 it filed for bankruptcy. Last Wednesday it told its unions it plans to cut 13,000 jobs from the staff of 88,000 workers. The airline’s maintenance operations …
Unemployment Rate Improves in Colombia
February 2nd, 2012
READ MORELast Tuesday, via Twitter, Colombian president Juan Manuel Santos asserted: “We had a single digit unemployment rate. The more we advance, the more we need to improve”. Official figures released earlier this week show that in December unemployment was 9.8%, …
Spain’s Unemployment Hits a New High
January 30th, 2012
READ MOREIn the last quarter of 2011, according to official figures, Spain’s unemployment hit a new record. The National Statistics Institute revealed that at the end of December 5.3 million people were out of work, up from 4.9 million in the …
US: The Labor Market Starts 2012 in Better Footing
January 6th, 2012
READ MOREAccording to a note published yesterday by Bloomberg News, in the United States the applications for jobless benefits decreased 15,000 in the week ended on December 31st to 372,000. The labor market, therefore, is starting 2012 on a better footing …
Austerity Measures in Spain
January 2nd, 2012
READ MOREIn order to control the financial crisis that ravages Spain, the new conservative government announced a series of austerity measures with a total of 16.5 billion Euros for the New Year. New Prime Minister Mariano Rajoy has the target of …
Brazil’s Unemployment Rate Falls
December 23rd, 2011
READ MOREUnemployment rate in Brazil fell to a record in November. The national central bank warned that the robust demand and the tight labor market pose significant inflation risks and employers reacted swiftly. Brazil is the second largest developing economy and …
Citigroup Will Eliminate 4,500 Jobs
December 9th, 2011
READ MOREIn coming quarters Vikram Pandit, Chief Executive Officer of Citigroup will eliminate about 4,500 job positions in order to reduce costs in unprecedented market conditions. As of September 30, Citigroup is the third US Bank by assets and employs 267,000 …
Jobless Rate Falls in the US
December 5th, 2011
READ MOREAccording to a note published by The Wall Street Journal and other sources the unemployment rate in the United States fell to its lowest level in the last 32 months. In November employers added 120,000 jobs, the Labor Department informed …
Mobile Banking Creates Jobs
November 30th, 2011
READ MOREMobile Banking initiatives are growing in Africa with good perspectives for customers and entrepreneurs. The Central Bank of Nigeria has recently granted licenses for sixteen mobile payment operators, with the benefits we already know, including the new options available for …