Euro area likely to reach European Commission’s structural jobless rate estimate of 9.7 pct in Q1 2017

Jun 16, 2016 13:15 pm UTC| Commentary Economy

The euro area jobless rate has touched the lowest level since 2011. Even if the unemployment rate for April seems high at first, 10.2 percent, it is just 0.5 percentage points from the ECs estimate of the structural level,...

US employment growth to rebound again; jobless rate likely to reach 4.4 pct by 2017-end

Jun 16, 2016 11:51 am UTC| Commentary Economy

The USjobs report data for the month of May and April were not quite strong. Employment in the country grew just 38,000, the lowest rise since 2010. The sluggish rise was due to a Verizon strike that dragged the figure...

Chart of the Day Series

FxWirePro Chart of the Day: UK construction pays, rest subdude

Jun 15, 2016 15:22 pm UTC| Commentary Economy

UK construction sector is paying off big time, where wages are growing around 8 percent, while wage growth for therest of the sectors in the economy remains around 2 percent. Bank of England (BOE) may suffer long...

Future of Coal Series

Climate Change Series

India is hedging its bets on coal to bring power to the people

Jun 15, 2016 07:08 am UTC| Insights & Views Economy Nature

As the world moves to combat climate change, its increasingly doubtful that coal will continue to be a viable energy source, because of its high greenhouse gas emissions. But coal played a vital role in the Industrial...

Our cities will stop working without a decent national housing policy

Jun 15, 2016 05:13 am UTC| Insights & Views Real Estate Economy

We have to move the housing conversation beyond a game of political football about negative-gearing winners and losers. Australia needs a bipartisan, long-term, housing policy. Why? Because we have a slow-burn, deepening...

China Crisis Series

China Makes Production Cuts, Price Improvements

Jun 14, 2016 23:43 pm UTC| Commentary Economy

Chinas electricity consumption increased slightly in May to 473 billion kWh, up +2.1% from a year ago, according to the National Development and Reform Commission (NDRC). The electricity consumption is one of the three...

China Crisis Series

IMF calls on China to speed up financial reform in order to avoid systemic debt problems

Jun 14, 2016 13:37 pm UTC| Commentary Economy

Speaking in Beijing, the International Monetary Fund (IMF) deputy MD Lipton commented on the Chinese economy and said the countrys corporate debt is growing at a fast pace. He urged the authorities to speed up financial...