Unlike the strong recovery seen in the US jobs data, unemployment rate in the Eurozone registered a very small dip in May 2014 as compared to previous month’s data. The total jobless rate remained stagnant at 11.6% with around 18.5 million workers still struggling to find employment. The unemployment data indicated the stark disparity between…
Increasing pace of the US economic recovery combined with Volkswagen’s attempt to focus on attracting younger customers to its luxury automobiles has helped boost US sales by 23 percent. Total deliveries touched 16,867 units with around 2450 units of the popular A3 sedan, with a starting price tag of $29,900, being sold in the US…
A new OECD report has sounded warning bells for the global growth citing aging workforce and slowdown of growth in emerging markets as the biggest risk for growth and income equality. According to the report, global growth, which was at 3.6% in the decade between 2010 and 2020 may slow down to 2.4% by 2050-2060.…
A new OECD report has sounded warning bells for the global growth citing aging workforce and slowdown of growth in emerging markets as the biggest risk for growth and income equality. According to the report, global growth, which was at 3.6% in the decade between 2010 and 2020 may slow down to 2.4% by 2050-2060.…
Home building approvals in Australia showed strong signs of recovery with a 9.9% increase in the month of May 2014. Approval for construction of new homes was significantly higher than the anticipated rise of 3.2%. As compared to May 2013, the data showed a jump of 14.3%. Private sector home approvals rose by 0.5% while…