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Economics Gazette

Economy and Business news

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October 19, 2017

Archives for September 2017

Eurozone inflation

Eurozone inflation rate remained unchanged in September

Eurozone inflation rate remained unchanged in September at 1.5% mom, shows the preliminary estimates of the European Statistical Office Eurostat. The main push of consumer prices again comes from energy prices, although growth is slightly slowing down against August – from 4.0% to 3.9%. However, food, alcohol and tobacco prices accelerated sharply from 1.9% in

minimum income EUR

MEPs want minimum income to be set in all EU countries

All EU countries must set a minimum income and, if necessary, upgrade existing schemes. This recommendation was made by MEPs from the European Parliament’s Employment Committee. From the published post on the website of the institution, it emerged after the meeting that the committee is of the opinion that minimum income schemes are the way

US jobless claims

Hurricanes consequences continues to affect US jobless claims

The number of Americans applying for unemployment benefits last week increased by 12,000 to 272,000 against the ongoing economic reflections after the Hurricane Irma in Florida. The Labor Ministry reported that the less hesitant four-week average has increased by 9,000 claims to 277,750, which is the highest level since February 2016. Immediately after the Hurricane

US consumer confidence

US consumer confidence dropped slightly in September 2017

US consumer confidence dropped slightly in September 2017, partly being hit by hurricanes Irma and Harvey. However, the most Americans remain optimistic about the economy. The consumer confidence index dropped to 119.8 points from the revised 120.4 points in August, shows the assessment the private Conference Board. Trust has declined “significantly” in Texas and Florida,

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