Archive for the ‘Economy News’ Category
German Unemployment Rate Down
Unemployment in Germany fell into the best position since last month over June 12 after repair business confidence index, thus strengthening the economic recovery is sustained exports.
“After taking into account seasonal figures, the number of unemployment in Germany during June decreased by 1,000 people to 3.23 million people, the lowest since December 2008,” wrote Labor Government Agency, today.
The figure is below the median estimate of 29 economists in a Bloomberg survey estimated that unemployment will fall by 30,000 people. Total number of the unemployed in Germany reached 7.7% of the workforce. Germany’s economy, the largest country in Europe, providing a signal that the government loans crisis in the euro area began to improve after the government in 26 countries the user’s single currency has cut spending. Read the rest of this entry »
Bernanke warned about the Unstable of Economic Prospects
Federal Reserve Chairman Ben Bernanke on Wednesday warned the world’s largest economic outlook remained “uncertain”, but said the central bank could take steps to improve recovery. In testimony in the Senate, Bernanke said the economy will see only “moderate growth, gradual decline in the rate of unemployment, and inflation to soften in the next few years.”
His comments began two days of hearings in Congress, which is deeply divided over how to tackle high unemployment and a fragile recovery. Underlining the severity of the crisis, Mr. Bernanke warned that the private sector jobs have grown at “a pace sufficient to reduce the unemployment rate material.”
With unemployment running at 9.5 percent and in the midst of fears of recession “double dip”, Bernanke is under pressure to further stimulate recovery. Responding to the request, Bernanke said the Fed is “ready to take further policy action is needed.” This is a rapid change for the central bank, which only a few months ago to discuss how the crisis resolution measures that have left the Fed with more than one trillion dollars in assets. Read the rest of this entry »