Jobless Households Drop To 17.1%

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11:36am UK, Wednesday 28 August 2013 Video: ONS On Workless Household Figures

Enlarge The number of jobless households in the UK has dropped to 17.1% in the three months to June, according the the Office for National Statistics (ONS).

Households with at least one person aged 16-64 out of work was down from 17.9% in the same period last year.

It is the lowest percentage since comparable records began in 1996 and brings the total number of workless households to 3.5m.

Overall the number of people aged 16-64 living in jobless households fell to 4.9m, the first time it has been below 5 million since 2008.

At 23%, the north east continues to be the area with the highest percentage of homes containing unemployed residents.

The south east has the lowest at 13%.

It comes as the latest ONS figures showed that unemployment in the UK fell by 4,000 to leave 2.51m out of work in the three months to June.

The unemployment rate remains at 7.8%, still well above the 7% target rate set by the Bank of England.

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ONS On Workless Household Figures

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French July jobless claims hit new high of 3.29 million

Job seekers wait inside a National Agency for Employment (Pole Emploi) in Marseille March 26, 2013.

Credit: Reuters/Jean-Paul Pelissier

PARIS | Tue Aug 27, 2013 6:37pm BST

PARIS (Reuters) - The number of jobless people in mainland France hit a new all-time high in July, squeezing the time left for President Francois Hollande to fulfil a pledge to reverse the trend by the end of the year.

The total number of people registered as out of work rose by 6,300 to 3,285,700 according to data from the labour ministry on Tuesday.

The increase was 0.2 percent over one month and 10.0 percent over one year.

French jobless claims have risen steadily every month over the last 27 months as the euro zone's second-biggest economy has struggled to eke out growth.

Hollande has promised to get unemployment falling by the end of the year, although most economists doubt that the economy will prove strong enough to allow that.

(Reporting by Leigh Thomas; Editing by Ruth Pitchford)

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Spanish Banks In Profit As Jobless Rate Drops

A trio of Spanish banks, including bailed out lender Bankia, have posted big jumps in first-half profits - as the latest statistics show the first drop in the jobless for two years.

The banks have shown trading gains and lower writedowns on property assets helped a partial recovery from their annus horribilis last year.

Spanish bank profits were gutted in 2012 by massive losses on the ruptured property bubble and a deep recession is still hurting firms as more borrowers struggle to keep up with loan payments.

Bankia posted a 19.2bn-euro (£16.5bn) loss last year, the biggest of any bank globally.

It has now bounced back with a 200m-euro (£171m) profit for the first half of this year.

Spain has been hit with numerous protests over its economic woes

The lender said net interest income, or the difference between income from loans and interest paid on deposits, was 1.1bn euros (£945m), down 36% on the first half of 2012.

Mid-sized rivals Sabadell and Bankinter also reported rises in profit from a year ago.

Sabadell set aside an extra 321m euros (£275m) towards provisions related to refinanced loans, some of which it will have to reclassify as non-performing ones, as instructed by the central bank.

The bank posted a 123m-euro (£105m) net profit for the first half of the 2013, beating analyst expectations after big gains from financial transactions, such as trading operations.

The Bank of Spain recently asked lenders to reclassify more of their refinanced loans as non-performing ones.

Bankinter's net profit in the first half was 102m euros (£87.6m), sharply up from the same period a year ago when it was hurt by writedowns on bad property assets.

Spain has been in or close to recession for five years, largely due to a bursting of a decade-long property bubble.

Spanish unemployment for under 25s is still very high

It needed a 42bn-euro (£36bn) bailout of its banks last year, with most of the problems among its raft of smaller lenders.

Meanwhile, Spanish unemployment fell for the first time in two years to reach 26.26% in the second quarter, according to official data.

It showed that the tourist season has created a renewed demand for workers.

The number of jobless people fell by 225,200 over the quarter to a total of 5,977,500 jobseekers registered in the country.

During the first three months of the year, the unemployment rate stood at a record 27.2%.

Youth unemployment, however, still hovers around the 50% mark.

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Spanish Banks In Profit As Jobless Rate Drops

A trio of Spanish banks, including bailed out lender Bankia, have posted big jumps in first-half profits - as the latest statistics show the first drop in the jobless for two years.

The banks have shown trading gains and lower writedowns on property assets helped a partial recovery from their annus horribilis last year.

Spanish bank profits were gutted in 2012 by massive losses on the ruptured property bubble and a deep recession is still hurting firms as more borrowers struggle to keep up with loan payments.

Bankia posted a 19.2bn-euro (£16.5bn) loss last year, the biggest of any bank globally.

It has now bounced back with a 200m-euro (£171m) profit for the first half of this year.

Spain has been hit with numerous protests over its economic woes

The lender said net interest income, or the difference between income from loans and interest paid on deposits, was 1.1bn euros (£945m), down 36% on the first half of 2012.

Mid-sized rivals Sabadell and Bankinter also reported rises in profit from a year ago.

Sabadell set aside an extra 321m euros (£275m) towards provisions related to refinanced loans, some of which it will have to reclassify as non-performing ones, as instructed by the central bank.

The bank posted a 123m-euro (£105m) net profit for the first half of the 2013, beating analyst expectations after big gains from financial transactions, such as trading operations.

The Bank of Spain recently asked lenders to reclassify more of their refinanced loans as non-performing ones.

Bankinter's net profit in the first half was 102m euros (£87.6m), sharply up from the same period a year ago when it was hurt by writedowns on bad property assets.

Spain has been in or close to recession for five years, largely due to a bursting of a decade-long property bubble.

Spanish unemployment for under 25s is still very high

It needed a 42bn-euro (£36bn) bailout of its banks last year, with most of the problems among its raft of smaller lenders.

Meanwhile, Spanish unemployment fell for the first time in two years to reach 26.26% in the second quarter, according to official data.

It showed that the tourist season has created a renewed demand for workers.

The number of jobless people fell by 225,200 over the quarter to a total of 5,977,500 jobseekers registered in the country.

During the first three months of the year, the unemployment rate stood at a record 27.2%.

Youth unemployment, however, still hovers around the 50% mark.

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Spanish Banks In Profit As Jobless Rate Drops

A trio of Spanish banks, including bailed out lender Bankia, have posted big jumps in first-half profits - as the latest statistics show the first drop in the jobless for two years.

The banks have shown trading gains and lower writedowns on property assets helped a partial recovery from their annus horribilis last year.

Spanish bank profits were gutted in 2012 by massive losses on the ruptured property bubble and a deep recession is still hurting firms as more borrowers struggle to keep up with loan payments.

Bankia posted a 19.2bn-euro (£16.5bn) loss last year, the biggest of any bank globally.

It has now bounced back with a 200m-euro (£171m) profit for the first half of this year.

Spain has been hit with numerous protests over its economic woes

The lender said net interest income, or the difference between income from loans and interest paid on deposits, was 1.1bn euros (£945m), down 36% on the first half of 2012.

Mid-sized rivals Sabadell and Bankinter also reported rises in profit from a year ago.

Sabadell set aside an extra 321m euros (£275m) towards provisions related to refinanced loans, some of which it will have to reclassify as non-performing ones, as instructed by the central bank.

The bank posted a 123m-euro (£105m) net profit for the first half of the 2013, beating analyst expectations after big gains from financial transactions, such as trading operations.

The Bank of Spain recently asked lenders to reclassify more of their refinanced loans as non-performing ones.

Bankinter's net profit in the first half was 102m euros (£87.6m), sharply up from the same period a year ago when it was hurt by writedowns on bad property assets.

Spain has been in or close to recession for five years, largely due to a bursting of a decade-long property bubble.

Spanish unemployment for under 25s is still very high

It needed a 42bn-euro (£36bn) bailout of its banks last year, with most of the problems among its raft of smaller lenders.

Meanwhile, Spanish unemployment fell for the first time in two years to reach 26.26% in the second quarter, according to official data.

It showed that the tourist season has created a renewed demand for workers.

The number of jobless people fell by 225,200 over the quarter to a total of 5,977,500 jobseekers registered in the country.

During the first three months of the year, the unemployment rate stood at a record 27.2%.

Youth unemployment, however, still hovers around the 50% mark.

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View the original article here

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Spanish Banks In Profit As Jobless Rate Drops

A trio of Spanish banks, including bailed out lender Bankia, have posted big jumps in first-half profits - as the latest statistics show the first drop in the jobless for two years.

The banks have shown trading gains and lower writedowns on property assets helped a partial recovery from their annus horribilis last year.

Spanish bank profits were gutted in 2012 by massive losses on the ruptured property bubble and a deep recession is still hurting firms as more borrowers struggle to keep up with loan payments.

Bankia posted a 19.2bn-euro (£16.5bn) loss last year, the biggest of any bank globally.

It has now bounced back with a 200m-euro (£171m) profit for the first half of this year.

Spain has been hit with numerous protests over its economic woes

The lender said net interest income, or the difference between income from loans and interest paid on deposits, was 1.1bn euros (£945m), down 36% on the first half of 2012.

Mid-sized rivals Sabadell and Bankinter also reported rises in profit from a year ago.

Sabadell set aside an extra 321m euros (£275m) towards provisions related to refinanced loans, some of which it will have to reclassify as non-performing ones, as instructed by the central bank.

The bank posted a 123m-euro (£105m) net profit for the first half of the 2013, beating analyst expectations after big gains from financial transactions, such as trading operations.

The Bank of Spain recently asked lenders to reclassify more of their refinanced loans as non-performing ones.

Bankinter's net profit in the first half was 102m euros (£87.6m), sharply up from the same period a year ago when it was hurt by writedowns on bad property assets.

Spain has been in or close to recession for five years, largely due to a bursting of a decade-long property bubble.

Spanish unemployment for under 25s is still very high

It needed a 42bn-euro (£36bn) bailout of its banks last year, with most of the problems among its raft of smaller lenders.

Meanwhile, Spanish unemployment fell for the first time in two years to reach 26.26% in the second quarter, according to official data.

It showed that the tourist season has created a renewed demand for workers.

The number of jobless people fell by 225,200 over the quarter to a total of 5,977,500 jobseekers registered in the country.

During the first three months of the year, the unemployment rate stood at a record 27.2%.

Youth unemployment, however, still hovers around the 50% mark.

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