Unemployment

Italy economic overview – graphic of the day

Italy’s stunned political parties searched for a way forward after an inconclusive election gave no one a parliamentary majority. Financial markets fell sharply at the prospect of a stalemate and threatening prolonged instability and a renewal of the European financial crisis. Today’s graphic is a snapshot of the Italian economy using eight key economic indicators.

Italy

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Scaling two summits – graphic of the day

Today’s graphic looks at the S&P 500′s road to new highs in 2007 and 2013 and three key economic indicators. What story do you think these charts tell about the US economy?

U.S. nonfarm payrolls and unemployment – graphic of the day

The U.S. Labor Department reported that the economy added 157,000 jobs in January and also published revisions to its payrolls data going back to 2008. In 2012 alone, 335,000 more jobs were created than previously reported.

NFP

The jobless rate rose to 7.9% in January. However, the percentage of unemployed who have been out of work 27 weeks or longer fell to 38.1% and the average unemployment duration dropped 35.3 weeks, the lowest since December 2010. (more…)

Best of Davos Today: Chronic unemployment threatens recovery

Unemployed or unemployable? World leaders and the business elite answer the question in highlights of Davos Today.

Follow live coverage of the World Economic Forum in Davos.

Japanese economy – graphic of the day

Weak Japan economic data bolsters new Prime Minister Shinzo Abe more ammunition to push for big spending and easy money to salvage the world’s third largest economy from decades of deflation. Today’s graphic shows a snapshot of five years of Japan’s economy through four key economic indicators.

japan

Japan prime ministers since 2000 – graphic of the day

Last week, Yoshihiko Noda became the longest serving Japanese prime minister since Junichiro Koizumi stepped down in 2006 after five years in office. Since it seems as though a loss is looming, a comeback from behind would be nothing short of a political miracle. But since the vote is unlikely to produce a clear winner, a solid election result could keep Noda’s party in play if some sort of coalition is formed. Today’s graphic looks at key economic indicators during the tenures of Japanese prime ministers since 2000.

japan

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Cliff would push U.S. jobless rate to 9% – former Fed official

Former Federal Reserve chief economist David Stockton warns the U.S. economy would see unemployment spike to 9% if lawmakers fail to reach agreement and the fiscal cliff takes effect in January 2013, with Bush-era tax cuts expiring and automatic cuts in federal spending taking effect.

Greece makes austerity push – graphic of the day

Greece’s parliament overcame divisions today to defeat an early challenge to an austerity package needed to secure vital international aid, but it still faced internal dissent and angry protests ahead of a final vote. Today’s graphic breaks down the austerity plan.

greece austerity

Greece and Germany economic overview – graphic of the day

Angela Merkel braved Tuesday’s protests in Greece to reaffirm her commitment to keeping the debt riddle country in Europe’s single currency. Today’s graphic compares the economies of Greece and Germany using charts of 8 key economic indicators.

greece germany economy

Young and out of work – graphic of the day

Youth unemployment has hit hardest in the south of Europe, but the north is not immune. Significantly, substantial numbers of young people are not in employment, education or training (known as NEET). Today’s graphic breaks down the unemployment & NEET rate for each European country.