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Portugal - Exports up but decline in domestic demand projected

13 July 2011

Current projections by the Portuguese Central Bank (Banco de Portugal) point to a significant decline in domestic demand, both public and private, including consumption and investment. Exports will be the only component of demand with a positive contribution to economic growth over the projection horizon....

UK - Employees happier despite longer working hours

13 July 2011

New statistics reveal a rise in workers' happiness with working hours and work-life balance. The employee engagement research was conducted by HR consultancy ETS Plc. Such increases are particularly surprising given that the latest Office for National Statistics data shows the average working week is...

UK - Majority of City workers still committed to London

13 July 2011

In June 2011, professional recruitment consultancy Morgan McKinley (part of Premier Group), surveyed 560 financial services professionals in London to examine how many had sought or been offered the opportunity to move abroad for their careers. The majority of respondents (80%) had either: not...

Netherlands - Agency turnover up +8% y-o-y in H1 2011

12 July 2011

In weeks 21 to 24 of 2011, the total number of hours worked by agency temporary employees increased by +6% and turnover generated by temporary employment agencies grew by +8%, compared with the same period last year, according to the latest statistics released today by the Federation of Private Employment...

France - Adecco appeals against SOS Racisme verdict

12 July 2011

Staffing agency Adecco France and its subsidiary Ajilon have decided to appeal to the Court of Cassation against the decision by the Paris Court of Appeal that Adecco, Ajilon and Garnier (part of L'Oréal) must pay 30,000 Euro to anti-discrimination organisation SOS Racisme for racist recruitment practices...

UK - Government plans to open public services

12 July 2011

The government yesterday announced that it will allow companies, charities and community groups to bid to run everything from local health services to schools, libraries and parks.

Prime Minister, David Cameron, commented "this White Paper says loud and clear that it shouldn't matter if providers...

Europe - Extra funds for education, youth and creativity to boost jobs

12 July 2011

As part of its strategy for boosting employment, the European Commission is aiming to nearly double the number of young people, teachers and researchers who get European Union (EU) grants for study and training abroad, from 400,000 recipients per year now to almost 800,000 in future. This is one of the...

Finland - Wages and salaries up by +5.8% in March to May 2011

12 July 2011

The total sum of wages and salaries of the whole economy was +5.8% higher during the period from March to May 2011 than during the same period last year. In May alone, the sum of wages and salaries of the whole economy grew by +7.3% year-on-year. In the March to May period of 2010, the wages and...

UK - Economic recovery remains fragile in Q2 2011

12 July 2011

The latest Quarterly Economic Survey (QES), published by the British Chambers of Commerce (BCC), suggests that economic growth in the UK remains weak. The survey results, combining 6,600 responses from businesses across the UK, are likely to have been negatively affected by the reduced number of working...

Austria - Tax on labour and entrepreneurship too high, says OECD

12 July 2011

Austria should seize the opportunity provided by its robust, export-led recovery to strengthen reforms and reinforce domestic drivers of economic growth, according to a new report published by the Organisation for Economic Co-operation and Development (OECD).

The 'Economic Survey of Austria' says the...