The new Bank of England governor, Mark Carney, has implemented a type of unemployment target. As part of forward guidance, the Bank of England state that: Interest rates won’t rise from 0.5% until unemployment falls below at least 7%. Essentially, the bank are committing to expansionary (loose) monetary policy until there is a stronger economic …
On the day, that the official unemployment figures fell to 7.8%, there was also news that more than 1,700 people applied for 8 positions at Costa Coffee in Nottingham. (Independent) The labour force survey suggests that here are currently 2.50 million unemployed people, down 14,000 on July to September 2012 and down 156,000 on a …
For the past few years, it has felt a bit repetitive always asking the same question – why can’t the EU policy makers see unemployment, social exclusion and rising poverty as the real challenge facing Europe? In the current climate it is not bond yields, inflation targets or levels of debt that are the real …
A quick look at a comparison between the economies of Portugal and Spain, with the economies of the UK and US. Four countries with very different paths of unemployment.
Casey B. Mulligan, from the University of Chicago suggests a theory for a major cause of the great recession and the rise in US unemployment post 2008. – Higher welfare payments. ..Redistribution, or subsidies and regulations intended to help the poor, unemployed, and financially distressed, have changed in many ways since the onset of the …
Readers Question I was wondering if you have any graphs plotting UK GDP and Unemployment against other economies which have monetary independence and their own currency. I often see graphs comparing the US with the UK. Are there any which include Sweden, Norway, Switzerland and other countries? click to enlarge Economic growth rates for selected countries. …
Recent unemployment data from the US shows a sharp fall in the unemployment rate. EU unemployment remains stuck at 11.4% – the highest since the introduction of the Euro in 1999. The diverging unemployment rates highlight the different stages of economic recovery between the two economic zones. However, sluggish EU recovery and a continued EU …
One of the great challenges facing Europe is the persistence and increase in levels of unemployment. The highest rates of youth unemployment are in Spain (51%) and Greece (51%). Other countries include Italy 35%, France 21%, UK 21%, Portugal 36% Youth Unemployment in the UK This shows how youth unemployment in UK has increased since …