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Economics Gazette

Economy and Business news

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January 16, 2019

Archives for September 2017

Italian youth unemployment

The big problem of Italian youth unemployment

Italian youth unemployment is growing and the government has finally taken steps to respond to the crisis. However, given its low budget it is questionable how much they can help. Not surprisingly, local media says “There is no place for the young” in a country where the economy is stagnant and offers few prospects for

crude oil prices

Crude oil prices reached a two-year high

Speculation about declining oversupply boosted the oil prices to their highest level since July 2015. The futures on Brent oil with delivery in November rose by 0.46 USD to 59.48 USD per barrel. Earlier, the price reached 59.49 USD per barrel, which is the highest since July 10, 2015. The futures on West Texas Intermediate

Eurozone consumer confidence

Eurozone consumer confidence steadily improves in September

Eurozone customers are most optimistic about prospects than ever before. This may be an indication that the region’s economy is likely to enter its strongest year after the global financial crisis, shows the European Commission (EC) consumer confidence data. The EC said its consumer confidence index rose from -1.5 points in August to -1.2 points

Unemployment claims

US jobless claims surprisingly declined

The number of Americans applying for unemployment benefits unexpectedly shrunk last week, but data continues to be affected by hurricanes Harvey and Irma, which blur the picture with the labor market in the near future. The new jobless claims fell by 23,000 to seasonally adjusted 259,000 in the week ending September 16th, according to the

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