The European Union has emerged from its worst recession since World War II, with the announcement on Friday that the region posted a modest growth in the third quarter. Despite the news, some EU economies including Spain and the United Kingdom are still struggling.
Employers are keeping a tight rein on pay, but recruitment freezes are starting to thaw and some of the dramatic changes made to working patterns during the recession are now being eased.
THE number of jobless university leavers is expected to break the 100,000 barrier this week, heightening fears of a “lost generation”. Tens of thousands of out-of-work graduates from the class of 2009 have joined the 70,000 from last year who have still not found employment, official figures are expected to confirm.
The unemployment rate in the United States has surpassed ten percent, according to figures released by the US Department of Labor on Friday.
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