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Europe — Hourly labour costs up by +1.6% y-o-y in Q2 2010

15 September 2010

Hourly labour costs in the Euro area (EA16) rose by +1.6% in the year up to the second quarter of 2010, compared with +1.9% for the previous quarter. This is the lowest increase registered since the start of the series in 2000. In the entire European Union (EU27), the annual rise was +1.6% up to...


UK — CIPD advises coalition government not to take the Usain Bolt fiscal approach to public sector job cuts

15 September 2010

The government's objectives on growth, employment, welfare to work and public service reform would be best served by ensuring that 80% of public sector job cuts take effect after 2013. While available forecasts from the independent Office for Budget Responsibility already indicate considerable 'b...


UK — Norman Broadbent benefits from recovery in financial services and pharmaceuticals

15 September 2010

Norman Broadbent (NBB:LSE), the executive search firm, has returned to profitability in the six month period ended 30 June 2010, with profit before tax of 974,000 Pounds compared to a loss for the comparable period in 2009 of -660,000 Pounds on a turnover of 3.26 million Pounds (30 June 2010: 3.4...


OECD Countries — Unemployment rate steady at 8.5% in July 2010

15 September 2010

According to new statistics released by the Organisation for Economic Co-operation and Development (OECD) the unemployment rate in July 2010 was steady at 8.5%, unchanged from the previous month and down slightly from the 8.6% level recorded in May. The general pattern of broad stability holds in...


UK — InterQuest returns to growth in majority of markets

15 September 2010

Revenues were up by +12% from 49.2 million Pounds in H1 2009 to 55.3 million Pounds in H1 2010 at InterQuest Group Plc (ITQ:LSE), the IT staffing specialist. Interim results for the six months ended 30 June 2010 show that net fee income (NFI) increased by +14% from 6.18 million Pounds in H1 200...


France — Revenues up by +14.6% at Groupe Crit

15 September 2010

Revenues were up by +14.6% from 528 million Euro in H1 2009 to 605.2 million Euro in H1 2010 at Groupe Crit (CRIT:PAR), the temporary staffing, airport assistance and industrial maintenance group. Interim results for the first six months ended 30 June 2010 published last night show that operatin...


UK — Employer confidence elusive ahead of public sector cuts, says REC

15 September 2010

The September JobsOutlook published today by the Recruitment and Employment Confederation (REC) has shown increasing caution in terms of employer hiring intentions over the next three months. The survey's Jobs Barometer, which tracks employer confidence, has fallen to a six month low as the impa...


UK — Employment rate surges to new high

15 September 2010

The employment rate for those aged from 16 to 64 for the three months to July 2010 was 70.7 per cent, up 0.4 on the quarter. There has not been a larger quarterly increase in the employment rate since the three months to May 1989. The number of people in employment aged 16 and over increased by...


OECD Countries — Signs of possible peak in expansion

14 September 2010

The Composite Leading Indicators (CLIs) for July 2010 published yesterday by the Organisation for Economic Co-operation and Development (OECD) point to clearer signs of a moderation in the pace of expansion compared to last month's assessment. The CLI for the OECD area decreased by -0.1 point in...


Europe — EU recovery progressing within an uncertain global environment

14 September 2010

The Commission of the European Union has yesterday published its latest interim economic forecast. The underlying message of this update of GDP and inflation variables is that the EU economy, while still fragile, is recovering at a faster pace than previously envisaged. The updated projections in...