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German unemployment sinks as labor market remains strong

Germany’slabormarketremainedstronginMay,withtheunemploymentratefallingagainoverthepreviousmonthtoanewpost-reunificationlow,inalikelyboosttoChancellorAngelaMerke

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U.S. Fed chief says appropriate to raise interest rate this year

​U.S. Federal Reserve chairwoman Janet Yellen said on Wednesday that most of her colleagues see it appropriate to raise interest rate this year if the economy continues on current path.

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Unemployment in Algeria drops despite financial crisis

The unemployment rate in Algeria dropped to 9.9 percent in April 2016 compared with 11.2 percent in September 2015, the National Statistics Office (ONS) said on Saturday.

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Over 10 regions of China unveil cuts in social security programs

More than 10 provincial-level regions have unveiled their social security cut programs, andlocal governments said lowering the percentage will not affect employee's welfare andbenefits, chinanews.com reported on its website.

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Will French gov't shake-up offer impetus for Hollande to regain popularity?

Earlier this month, French President Francois Hollande announced a cabinet shake-up. It appeared to be an attempt to kickstart a government engulfed by divisions and social strains.

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Australia's unemployment rate shocks economists, drops to 20-month low

​Australia's unemployment rate has dropped to an almost two-year low, according to new data released by the Australian Bureau of Statistics on Thursday.

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Austria no longer possesses economic growth edge: expert

​Despite having had a clear economic growth advantage over many other EU countries over the past two decades Austria now no longer has this edge, a labor market expert said Monday.

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U.S. labor market is less healthy than it appears

​At first glance, the U.S. jobless rate appears to be improving, as unemployment figures are trending downward and the economy continues to add jobs. But a deeper look unveils some troubling truths.

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U.S. initial jobless claims fall back below 300,000

​The number of Americans initially applying for unemployment fell back below the key 300, 000 mark in the second week of February, showing a steadily improving job market, U.S. Labor Department said Thursday.

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Interest rate cuts less effective: Australia's central bank

​Cutting interest rates could be less effective at boosting the local economy than it did in the past, Reserve Bank of Australia governor Glenn Stevens said on Friday.

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HK's unemployment rate stays at 3.3 pct

​The seasonally adjusted unemployment rate of Hong Kong stood at 3.3 percent in the October to December period of 2014, same as that in September to November, according to the latest statistics released on Monday by the Census and Statistics Department of the Hong Kong Special Administrative Region government.

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U.S. initial jobless claims fall to six-week low

​The number of Americans initially applying for unemployment aid fell to a six-week low and remained below 300,000 last week, U.S. Labor Department said Thursday.

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France's Hollande says not to run for 2017 election unless unemployment down

​Under fire for poor economic record, French President Francois Hollande said he would not to seek a second term if fails to lower a long-running rise in unemployment rate.

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Rampant jobless claims put Hollande on back foot

In 2013, French President Francois Hollande said he aimed to reduce unemployment by the year end. However, record high in jobless claims reflect broken promises and have further fuelled public anger.

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Austrian unemployment rate continues to rise in August

The Austrian unemployment rate rose 10.1 percent year-on-year in August to reach 7.6 percent or 355, 643 people without work, new figures released Monday have revealed.

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Poland's jobless rate decreases during economic crisis

Poland is one of the only three European Union (EU) countries with a decreasing unemployment rate in 2007-2014, Poland's Ministry of Labour and Social Policy reported Monday, quoting Eurostat figures.

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British think tank urges to solve unemployment of young people

British think tank Institute for Public Policy Research (IPPR) new report has suggested that the country need to do more to improve the career opportunities for the young people, despite a new record low jobless rate in six years has been released Wednesday.