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Economy

Spain's unemployment rate continues to fall as tourism boosts economy

Spain's unemployment rate continues its downward trend, boosted by tourism and robust GDP growth.

Economy

Macron's party scraps jobless benefit reform ahead of election finale

The controversial reform spearheaded by Prime Minister Gabriel Attal has been put on ice following Sunday’s election result.

Economy

Spanish economy bucks European trend with signs of growth

There has been an increase in household spending, and most key sectors saw robust growth on the supply side.

Economy

Swedish unemployment rate falls to three-month low in May

The Swedish labour market is still relatively resilient at the moment, but is likely to become more sluggish in the coming months, according to the European Commission.

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Economy

UK long-term sickness record rise fuels fears over economic growth

Long-term sickness leads to a growing number of people who are neither working nor looking for a job, known as economically inactive. This poses a significant risk to economic growth.

Economy

Germany's jobless total climbs, staying close to 3-year highs

Businesses in Germany are struggling with the cost of rehiring staff post-pandemic, with profit margins still hit by low revenues, higher inflation, interest rates, and a continuing high cost of living.

Economy

Eurozone unemployment plunges to record low of 6.4% in April

Falling unemployment could point to a brightening European outlook, with the Euro Area economic sentiment improving as well.

World News

German retailer Galeria Karstadt Kaufhof reaches rescue milestone

Creditors have approved a restructuring plan for the department store chain Galeria Karstadt Kaufhof, saving it from a break up.

Economy

French unemployment holds steady: Are Macron’s labour reforms working?

Macron’s labour reforms have drawn criticism from all quarters, with claims that they are punitive to workers, while rewarding or cushioning companies.

Business

UK wage rates still strong despite slowing jobs market

Official figures show wages in the UK have grown at a faster rate than expected. At the same time, the jobless rate increased to 4.3% between January and March, the highest since May to July last year.

Economy

Where in Europe was unemployment the lowest in March?

Unemployment in the Eurozone remained at a record low of 6.5% in March, the same as February.

Economy

Why unemployment in Spain is rising and what's being done to cap it?

The abundance of temporary contracts, as well as low productivity, have both contributed to unemployment levels spiking in the first quarter of the year.

Greece

Protesting Greeks show their anger at unemployment and low wages

Thousands of people have demonstrated in Athens and Thessaloniki over rising unemployment and the cost of living.

Economy

S&P Global: These are the biggest risks ahead for the EU economy

Uncertainty over sluggish productivity and high labour costs could draw back the economic output of the eurozone, global credit rating agency S&P said in its updated economic outlook.

Economy

Prices and social inequality top issues for European elections: Poll

High prices and social inequalities are the main issues in the minds of voters, according to Euronews' exclusive poll.

Economy

Ukraine slashes interest rates to 14.5%, Finnish inflation slides

Sweden and Spain also saw slowing inflation, helped by food and non-alcoholic beverage prices falling, as well as clothing and footwear prices.

Economy

US inflation rises more than expected in February

The US inflation report in February 2024 exceeded expectations, signalling possible delays in anticipated Federal Reserve rate cuts. The Consumer Price Index rose by 3.2% year-on-year, with core inflation at 3.8%.

Economy

UK unemployment rises and wage growth cools

Weakness in the job market suggests inflationary pressures are easing, although the Bank of England will likely remain cautious about rate cuts.

Economy

Germany's March consumer sentiment perks up, but France feels blue

German income expectations have soared to a more-than two-year high, but French consumers remain worried about their standard of living.

Economy

Hungary sees steady but consistent rise in unemployment

Hungary has seen a steady but consistent rise in unemployment since mid-2022, as it dealt with the fallout from economic crises triggered by the COVID-19 pandemic and the beginning of Russia's full-scale invasion of Ukraine.