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OECD Countries – Unemployment falls to 8.5%

17 February 2011

In December 2010 the OECD area unemployment rate was 8.5%, down -0.1 percentage point from November. The OECD rate (now including Chile, Estonia, Israel and Slovenia, the four countries that joined OECD in 2010) has been stable at around 8.5% since February 2010, despite diverging trends at the national...

Spain – GDP up +0.6%

17 February 2011

The Spanish economy registers an inter-annual increase of +0.6% in the fourth quarter of 2010, four tenths more than the previous period.

Quarter-on-quarter growth stands at +0.2%, two tenths higher than that recorded in the previous quarter.

The negative contribution of domestic demand to aggregate growth...

Portugal – Unemployment at 11.1%

17 February 2011

The estimated unemployment rate for the fourth quarter of 2010 was 11.1%. Up +1.0 percentage point (p.p.) compared to the same quarter of 2009 and up +0.2 p.p. from the previous quarter according to the latest data published by Statistics Portugal (INE).

The number of unemployed is estimated to have reached...

UK – Employment tribunals cost 1.6 billion in 2010

17 February 2011

Employment tribunals cost UK business 1.6 billion in 2010 and only one in twenty HR professionals fully understands the UK employment tribunal process according to research from Ambition, the global specialist recruiter.
A survey of over 200 HR managers and directors found that while the...

Eastern Europe – Concerns about inequality of male workers

17 February 2011

The Ukrainian Cabinet has postponed the implementation of several important amendments to the Labour Code (MAJ 2010/24) due principally to concerns by the Ministry of Justice that the Code contains a number of discriminatory provisions against men, the Federation of European Employers (FedEE) reports. ...

UK – Modest rise in basic City salary offers expected

17 February 2011

The latest Salary Survey published by professional recruitment consultancy Morgan McKinley (part of Premier Group) reveals that 62% of respondents expect basic salary offers to rise over the course of 2011 compared to last year, with the majority (55%) expecting the rise to be between 1-10%. Less than...

UK – Strong improvements in operating profit and cash generation at Impellam

16 February 2011

Revenues were up by +6.6% from 1.04 billion Pounds in 2009 to 1.11 billion Pounds in 2010 at Impellam Group Plc (IPEL:LSE), the international provider of staffing solutions, human capital management and outsourced people-related services.

Preliminary results for the 52 weeks ended 31 December 2010 reveal...

UK – Unemployment slightly up in Q4 2010

16 February 2011

The employment rate for those aged from 16 to 64 for the three months to December 2010 was 70.5%, down -0.3 on the quarter. The number of people in employment aged 16 and over fell by -68,000 on the quarter to reach 29.12 million. The number of employees working full-time increased by +66,000 on the...

Finland – Open job vacancies up +49%

16 February 2011

According to the Job Vacancy Survey of Statistics Finland (Tilastokeskus), there were 32,700 open job vacancies in the last quarter of 2010, which was +49% more than one year earlier (21,900). The measurement for the last quarter was taken on 1 December 2010. In the whole of 2010, there were +23% more...

Europe – Bad weather subdued growth in Q4 2010

16 February 2011

Eurozone economic growth failed to accelerate, as many had expected, towards the end of last year. Gross Domestic Product (GDP) growth was unchanged in Q4 on the sluggish +0.3% quarterly rate of increase seen in Q3, according to economic research firm Markit.

Growth disappointed in Germany, France and...