unemployment-rates
Top StoriesECB survey shows rising inflation expectations despite energy price falls
BusinessU.S. job growth powers ahead; unemployment rate at 3.4%
Top StoriesEuro zone inflation drops more than expected but core price growth holds steady
Top StoriesSpain’s unemployment rate inches up to 12.87% in Q4 2022
Microsoft to shed 10,000 jobs, adding to glut of tech layoffs
Date: January 19, 2023
By Jeffrey Dastin and Yuvraj Malik DAVOS, Switzerland (Reuters) – Microsoft Corp on Wednesday said it would eliminate 10,000 jobs and take a $1.2 billion charge to earnings, as its cloud-computing customers reassess their spending and the company braces for potential recession. The layoffs add to the tens of thousands announced in recent months across...
Low use of shortened work hours points to mild German recession – ifo
Date: January 11, 2023
BERLIN (Reuters) – Low take up of a government-backed ‘Kurzarbeit’ shortened hours facility points to a “very mild” recession in Germany this winter, the Ifo economic institute said on Wednesday. In December, the number of workers on shortened hours eased to 186,000 from a seasonally adjusted 188,000 in November, Ifo said, citing estimates it based...
European shares rise on China reopening, rate hike optimism
Date: January 9, 2023
By Bansari Mayur Kamdar (Reuters) -European shares rose on Monday, extending the year’s upbeat start to a second week, as China reopened its borders overnight and U.S. and European data soothed nerves about aggressive tightening by major global central banks. The pan-European STOXX 600 gained 0.5% by 0923 GMT. The index clocked its best weekly...
Amazon CEO says job cuts to exceed 18,000 roles
Date: January 5, 2023
By Jeffrey Dastin and Uday Sampath Kumar (Reuters) -Amazon.com Inc’s layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday. The layoff decisions, which Amazon will communicate starting Jan. 18, will largely impact the company’s...
Seedmaker corteva cuts U.S. jobs while exiting Russia
Date: December 20, 2022
By P.J. Huffstutter and Tom Polansek CHICAGO (Reuters) – Seeds and pesticides company Corteva Inc will eliminate U.S. jobs next year, as its exit from Russia reduces demand for its commercial sunflower seeds produced in California, the company said on Monday. Corteva will cut 51 positions from a Woodland, California facility, run by its Pioneer...
Youth in spain see jobs gain after years of instability
Date: December 19, 2022
By Belén Carreño MADRID (Reuters) – A revamp of Spain’s labour rules has led to a 142% rise in young workers with permanent contracts in a country where rates of youth unemployment and under-employment have been among the highest in Europe since the global financial crisis. The increase is evidence that the Socialist-led government’s 9-month-old...