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Economics Gazette

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October 19, 2017

Employment

US jobless claims

US jobless claims decreased after weakening of the hurricanes impact

US jobless claims decreased during the last week after weakening last month’s hurricane impact on the US economy. The US Department of Labor announced today that weekly applications fell by 15,000 to 243,000 with seasonal factors. The applications have fallen in Texas and Florida, where hurricanes Harvey and Irma suffered heavy damage in late August

Coca Cola

German plant of Coca-Cola moves its staff in Bulgaria

The German subsidiary of Coca-Cola plans to close its center in Weimar and move some staff from the Human Resources and Finance departments in Bulgaria, announced Anja Schenk fro the Public Affairs and Communications unit. “To achieve the highest possible standardization within the entire European organization of Coca-Cola European Partners, part of the financial and

US private sector

US private sector adds 135,000 jobs in September 2017

The US private sector adds 135,000 jobs in September 2017, according to ADP’s regular monthly report. The values ‚Äč‚Äčlargely justify economists’ expectations of about 140,000 new positions. However, the September data is a slowdown, compared to previous month. The the August data are revised slightly downwards: from 237,000 to 228,000 jobs. The details of the

EU Employment

Employment and economic growth in the EU are steadily rising

Employment and growth in the European Union (EU) are steadily rising, announced by the European Commission in its latest quarterly review of employment and social development in the region. The EU employment continues to grow steadily in almost all Member States. In the second quarter of 2017, employment increased by 1.5% compared to the same

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

economic migrants

Switzerland is best paying destination for economic migrants

Switzerland is best paying destination for economic migrants, as foreigners earn an average of over 193,000 USD per year. This is the world’s highest average pay and is almost double the average on a global scale, according to a study by HSBC Holdings. Switzerland leads the economy chart of HSBC, which measures indicators of personal

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

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