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Unit Labour Costs in OECD Countries Continued to Rise in Fourth Quarter of 2008

added: 18-05-2009

Largely driven by falls in real output (gross domestic product at constant prices) due to the crisis, unit labour costs for the total economy rose 0.9% for the OECD area in the fourth quarter of 2008 and were up 2.9% year on year. The group of the major seven economies and the Euro area display similar aggregate trends.

Governments Must Do More to Help Most Vulnerable amid Rising Unemployment, Urges OECD

added: 18-05-2009

Governments must urgently adapt their labour market policies to help their most vulnerable citizens in the economic crisis. Key to this will be avoiding that the crisis further strengthens a disability benefit culture that pushes many people with disability or poor health onto benefit schemes and out of work for the rest of their lives, according to the OECD.

Euro Area Annual Inflation Stable at 0.6% in April 2009

added: 18-05-2009

Euro area annual inflation was 0.6% in April 2009, unchanged compared with March. A year earlier the rate was 3.3%. Monthly inflation was 0.4% in April 2009.

Euro Area and EU27 GDP Down by 2.5% in the First Quarter of 2009

added: 18-05-2009

GDP declined by 2.5% in both the euro area (EA16) and the EU27 during the first quarter of 2009, compared with the previous quarter, according to flash estimates published by Eurostat, the Statistical Office of the European Communities. In the fourth quarter of 2008, growth rates were -1.6% in the euro area and -1.5% in the EU27.

Private Sector Development Crucial to China's Innovativeness, says a World Bank Report

added: 17-05-2009

Continuous government support for private sector growth is of strategic importance to China if it is to build up an enterprise-led technological innovation system, says a World Bank report. "In China's existing national innovation system, state-owned enterprises and research institutes are the main performers of innovation activities; in the future, however, China's success in technological catching-up is likely to rely more on the capacity of its private sector, especially large private firms", the report concludes.

Despite Historical Losses, Few U.S. Employees Changed Their 401(k) Saving and Investing Habits in 2008

added: 17-05-2009

Despite U.S. employees sustaining record losses in their 401(k) savings in 2008, their 401(k) saving and investing habits showed very little change, according to an annual study by Hewitt Associates, a global human resources consulting and outsourcing company. Still, not all workers ignored the market’s downward slide—employee investments in equity fund allocations were at record lows last year.

RICS UK Housing Market Survey, April 2009

added: 17-05-2009

Sales in April edged up a little further, albeit from historically low levels, while the net balance of surveyors reporting a rise in new buyer enquires climbed to the highest figure for almost a decade, says RICS' UK Housing Market Survey.

Raddon Study Shows How Small Businesses Are Responding to Economic Conditions

added: 16-05-2009

Raddon Financial Group (RFG), a provider of research-based solutions to financial institutions and a strategic business unit of Open Solutions Inc.®, recently formed a small business research consortium to provide an in-depth analysis of how small businesses perceive financial institutions and use financial products and services.

Economic Slump Pushing Public Sector Employees to Delay Retirement

added: 16-05-2009

The slumping economy is holding back retirements among state and local government employees, according to a new survey of government managers, sponsored by the Center for State and Local Government Excellence.

Many Americans Would Consider Pay Cut for Freedom to Work from Home

added: 16-05-2009

A new report on workplace trends issued by Citrix Online, a division of Citrix Systems, Inc., offers a unique snapshot of the evolving trend to the location independent workplace. "Worldwide Workplace: The Web Commuting Imperative," presents a multi-dimensional snapshot of how this trend is projected to change the ways in which people live and work, and how online access and collaboration technologies enable full performance without the constraints of location. The findings illustrate the paradox between what businesses and workers perceive to be important to success and the realities of the workplace.

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