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Youth unemployment rate hits record high in January
Mar 14th, 2012
LONDON (Reuters) - The unemployment rate held at a 13-year high of 8.4 percent in the three months to January, and the youth unemployment rate rose to a record high, official data showed on Wednesday. The figures will increase the pressure on Chancellor George Osborne to take measures to boost growth and jobs when he presents his 2012/13 budget next week, at a time when t he economy is struggling to show sustainable recovery. The Office for National Statistics said that the number of people claiming jobless benefit rose by 7,200 - slightly more than economists had forecast - to a 1. ... (Source: Reuters) -
CAIRO (AP) - Egypt's prosecutor general ordered a prominent youth leader to be detained on Friday for four days pending an investigation into accusations he incited anti-government violence, a security official said, in the latest case of a pro-democracy activist being held over similar charges. (Source: Associated Press)... [Full Article]
BEIRUT (AP) - Syrian troops pushed into a rebel-held town near the Lebanese border on Sunday, fighting house-to-house and bombing from the air as President Bashar Assad tried to strengthen his grip on a strategic strip of land running from the capital to the Mediterranean coast. (Source: Associated Press)... [Full Article]
COX'S BAZAR, Bangladesh (AP) - Meteorological officials say Cyclone Mahasen weakened significantly as it passed over Bangladesh and missed major population centers. (Source: Associated Press)... [Full Article]
By Leah Schnurr NEW YORK (Reuters) - U.S. stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies. The Dow and the S&P 500 finished at fresh record highs, driven by gains in energy and industrial shares. Th... [Full Article]
By Karen Brooks AUSTIN, Texas (Reuters) - The Powerball jackpot Saturday night could exceed the $600 million figure being advertised, possibly rivaling the largest lottery payoff in U.S. history, a Texas Lottery official said on Saturday. "Oftentimes, the advertised amount is lower than what the actual jackpot ends up being," said Kelly C... [Full Article]
By David Brett LONDON (Reuters) - The FTSE 100 index jumped 2 percent on Tuesday on strong earnings reports and after weak German data fuelled expectations for a rate cut in the euro zone, the UK's main export market. The FTSE 100 rose 125.50 points, or 2.0 percent, to 6,406.12, its best performance since January 2. Speculation mounted that th... [Full Article]