ft.com - 6/17/2009
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The number of jobless in the UK rose by 232,000 to 2.26m people in the three months to April, after a slight moderation in the rate of increase still brought unemployment to 7.2 per cent. This compared with a jobless rate of 6.3 per cent at the end of December . The rise, still the second ...
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Who's sharing the pain?
European Tribune —
... (effectively a 8% wage drop). We've seen unemployment figures go up in all industrialised countries (with the most recent data from the UK hailed as good news because the increase is not as horrible as anticipated). The above graph shows that Germany has, for now, chosen the route of making employees work less, but, as the study where that graph comes from suggests, not reduce their pay by as much (productivity per worker has gone down, and costs per hour worked have shot up), in an exemple of making the pain from the economic crisis fall not only on workers. How are things ...
Lunch Wrap
FT Alphaville —
... shorts. - Brics confounded on dollar debate as sterling regains some sparkle . - When is an ETF actually a structured product? - A JV of a “strong monopolistic color”. - Green-shoot whacking , manufacturing edition. - Depression tracking, graphic edition. - All eyes on reform in pink picks. - Imagination trading in further reading. - China, miners and hedge funds on Markets Live. On FT.com, - Rise in UK unemployment eases . - Sainsbury raises £445m to lift growth. - FTSE under 4,300 as risk appetite ...
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The world economy’s deepest post-war slump has resulted in higher rates of unemployment in many countries. Spain’s jobless rate has increased by more than 8 percentage points in the past 12 months, much of it attributable to a collapse in ...
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