The euro area seasonally adjusted unemployment rate was 9.5% in May 2009, compared with 9.3% in April 2009. According to figures published by Eurostat, unemployment in Cyprus rose to 5.3% in May
U.S. housing prices will fall by a double-digit percentage from already beaten-down levels, resulting in an overall 40 percent plunge by the time foreclosures peak in the second half of 2010, Barclays
The annual inflation rate fell for a fourth straight month in June, as the consumer price index rose by just 0.2% compared with June 2008. The main decline was in prices of
Moody's stripped Ireland of its last AAA credit rating on Thursday and warned Prime Minister Brian Cowen he needed to inflict more fiscal pain on his recession-wracked country or risk a further
Swelling gasoline stocks and a far bigger than expected rise in U.S. unemployment drove oil markets down around $2 on Thursday towards $67 a barrel. In the latest signal the economy of
New Bank of England policymaker David Miles warned that any signs of a rapid economic recovery were likely to prove a false dawn, and joined BoE colleague Tim Besley on Thursday in
U.S. employers cut 467,000 jobs in June, far more than expected, while the unemployment rate rose to 9.5 percent, the government said on Thursday in a report that showed a labor market
The European Central Bank left its main refinancing interest rate unchanged at a record low of 1.0 percent on Thursday, as expected by analysts. Markets are now turning their attention to President
China hopes for diversification of the international currency system in the future and it would be "normal" for the issue to be raised at next week's Group of Eight summit, Vice Foreign
Euro zone unemployment hit its highest level in 10 years in May, data showed on Thursday, bolstering market expectations the European Central Bank will leave interest rates at record lows for now.
