Unemployment in the eurozone rose to 10.9% in March, another sign of the broad economic weakness and possible recession across the continent.
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Consumer sentiment ticks higher in April, as expectations rise while views on current conditions decline, according to a report from the University of Michigan/Thomson Reuters.
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Spain's notoriously stagnant job market is at the root of its economic crisis, which is a serious problem that is expected to get worse before it gets better ... if it gets better.
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Even though the economy continues to grow, consumers can’t maintain that growth on their own, and the growth we’re seeing isn’t strong enough to quickly bring down the unemployment rate, writes economist Christian Weller.
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MADRID/BRUSSELS (Reuters) - Spain's latest credit rating downgrade has thrown into sharp relief the need to revive a banking sector that could need another 100 billion euros to cover bad debts in order to avoid exposing another weak flank in the euro zone crisis,
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TOKYO (Reuters) - The Bank of Japan boosted its asset-buying scheme by a further 10 trillion yen ($124 billion) on Friday and pledged to buy longer-term government bonds in a move seen aimed at convincing both impatient politicians and investors of its resolve to pull the economy out of deflation.
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The last quarter of 2011 and the first quarter of 2012 may mark the best period of back-to-back growth in two years, but economists aren’t getting too excited.
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Economists warn that a looming year-end collision of cuts in federal spending and the expiration of Bush-era tax cuts could crush an already weak economic recovery.
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WASHINGTON (Reuters) - The number of Americans lining up for new jobless benefits fell slightly last week but remained above levels posted earlier this year, suggesting improvement in the labor market is stalling.
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Contract signings to sell existing homes reached a 23-month high in March in an indication of a rebound in activity in the housing market, a trade group reports.
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