Zapatero: On credit support, rehabilitation and employment (Video)

The Prime Minister, Jose Luis Rodríguez Zapatero, announced Friday that the government is finalizing a "document summary" to pass a decree law by urgent credit support, rehabilitation and employment.

In a press conference in Seville, following the conclusion of the Council of Ministers, Zapatero said that next week will send this document to political groups and waited for the "ultimate contest of wills and the best position to pass this first government decree on measures urgent. (more...)

Tags: economy., Finance and economy, Spanish economy, unemployment, Zapatero

Social Security achieved a surplus of 4.602 million in February-Video

The average membership of foreign workers at the end of February stood at 1,817,985 occupied in the month after winning a total of 11,112 contributors, according to data released today by the Ministry of Labour and Immigration.

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Tags: crisis, Eurostat, Spanish economy, unemployment

Follow the quick and unexpected recovery of the Brazilian labor market

The Brazilian labor market continues showing signs of improvement, demonstrating a rapid and remarkable resilience.

In June, the unemployment rate had declined to put it in a 8, 1% of the Economically Active Population (PEA). Read the rest of this entry »

Tags: economy., local economy, low context, unemployment

Morgan Stanley reduced weighting of Peru, said that his market is “very overbought”

Morgan Stanley reduced weighting of Peru, said that his market is “very overbought”

Investment bank Morgan Stanley reduced the weighting of Peru in your portfolio at levels “below average”, after he placed in “similar to the market average.
As reported by Reuters, the bank said that the Peruvian market “looks expensive relative to its history and with their peers and is very overbought. Importantly, weight reduction also affects Chile. Read the rest of this entry »

Tags: bank, dollar, economy., Employment euro, financial, money, unemployment

Unemployment and September

August 26, 2009, no month has ended and all the media news embody one of those complicated.

Constant and increasing unemployment, there is no green shoots in the labor market.

Expected 4.6 million unemployed in the month of September. Six out of ten employees expect layoffs in their companies, after the cuts in social benefits, meal checks, private insurance, mobile, dining and credit cards, they will be layoffs.

In a survey conducted by Adecco, the results reported over 39.9% of employees are unwilling to give up some ground to prevent the dismissal of a partner, while 37.8% if it is.

Although the data for 85% of respondents are shown tolerant of stress and anxiety that exists in the workplace and ensures that the crisis is leading to increased productivity.

56% of respondents think the outcome of the crisis is still far off in time and are concerned about the consequences of unemployment.

The data indicate that we have been hearing warnings from the Bank of Spain, the European Central Bank is almost a reality.

We have known the intention to make tax increases to improve the economy, the Nissan ERE in Barcelona that will not employ more than 2,000 people, entry into the red of the NH hotel chain in Spain and the multitude of mergers ads in the financial system that will leave more than 75,000 people unemployed. Read the rest of this entry »

Tags: crisis, productivity, September, Tags: green shoots, unemployment

Deflation: A reality in Spain

The consumer price index, CPI, stood at the month of August in a -0.8% thus joining the 6 consecutive months of negative data.

This figure is an upward variation of about 6 tenths data for July.

Thus these six months of negative data, Spain comes into deflation, a fact that occurs when two quarters of data accumulating effects. Read the rest of this entry »

Tags: CPI, deflation, Spain, unemployment

Public Deficit

As the months the costs incurred by the state reveal a complex situation which will be difficult to recover.

A deficit of EUR 50 million representing 4.69%, compared to data from the previous year, 9.912 million euros us about the detriment suffered by the public accounts.

A result multiplied by five the state’s deficit. The unemployment crisis, aid and bank restructuring fund are responsible for this increase. Read the rest of this entry »

Tags: bank restructuring fund, delinquency, expenses, government deficit, income tax, unemployment, VAT

Unemployment rose by 2.40% in August

85,000 people have lost their jobs during the month of August, breaking a trend that began three months ago.

One thing we have known of the labor employment secretariat informs us that after three months employment generating, Spain returns to job losses.

It seems more than obvious that the contracts made in May, June and July were responding to the coverage of the summer rather than a fact of economic recovery. Read the rest of this entry »

Tags: IBEX 35, job force, tourism, unemployed with no provision, unemployment