Articles
7% more persons working part-time in Austria in 2022 than in previous year and Job vacancies again at record level
March 23, 2023 The upswing on the labour market continues. According to Statistics Austriaʼs Microcensus Labour Force Survey, a total of 4 442 600 people aged 15 and over were employed in 2022 according to the EU definition, and 221…
Full-time employment in Australia increased by 17,900 and part-time employment increased by 1,800 in February 2023
March 24, 2023 In trend terms, in February 2023 in Australia: unemployment rate remained at 3.5%. participation rate decreased to 66.6%. employment increased to 13,831,400. employment to population ratio remained at 64.3%. underemployment rate decreased to 5.9%. monthly hours worked increased…
IMF: How Pandemic Accelerated Digital Transformation in Advanced Economies
March 24, 2023 As the world does its best to move on from the pandemic, one of the lasting legacies for many advanced economies has been greater adoption of digital technologies. Working from home is now common, and many companies…
The UK Inflation Rate Surprisingly Increased in February 2023
March 24, 2023 The Consumer Prices Index in the UK including owner occupiers’ housing costs (CPIH) rose by 9.2% in the 12 months to February 2023, up from 8.8% in January. The largest upward contributions to the annual CPIH inflation…
With a $230 billion investment from Samsung, South Korea will construct the “world’s largest” chip center
March 24, 2023 With an estimated $230 billion investment from memory chip juggernaut Samsung Electronics, South Korea claims it will construct a sizable facility to manufacture computer chips in the greater Seoul region. President Yoon Suk Yeol revealed the plans…
Amazon is cutting 9,000 more jobs
March 23, 2023 Amazon is laying off 9,000 more employees, CEO Andy Jassy revealed in a memo to employees on Monday. The latest layoffs come after the company revealed earlier this year that it was cutting 18,000 jobs as part…
Eurocontrol: Istanbul Airport became Europe’s busiest airport in February
March 23, 2023 Traffic in February 2023 was 22.3% higher than traffic in February 2022. Network traffic was in line with the latest EUROCONTROL baseline scenario. The war in Ukraine continues to affect overflights in several countries. Lithuania, Poland, Estonia…
In Portugal, the manufacturing price index decelerated in the last seven months, significantly in February, recording a year on-year rate of change of 12.3%
March 23, 2023 Economic activity indicator increased in January. Industrial production and consumer prices decelerated, although maintaining high growths – February 2023 In February, the economic sentiment indicator registered a slight decrease in the Euro Area (EA), after increasing in…
Dutch producers more positive than in most EU countries
March 23, 2023 In February 2023, the mood among Dutch producers was again better than the average mood across the European Union. Germany was the only major trading partner in the EU with higher producer confidence than the Netherlands. The…
In the EU, 3.6 million people were employed in forest-related jobs
March 23, 2023 Forest ecosystems provide numerous benefits for society: besides providing timber for construction or fuel, forests play a crucial role in cleaning the air and water and preventing floods. They also offer a home for wildlife as well…
Use of mobile payment solutions continues to rise in Hungary
March 22, 2023 The number of retail payment accounts continued to grow, and the number of actively used payment cards and payment cards registered in mobile wallet applications is also increasing as a result of digitalisation in Hungary. The number…
Manufacturing Jobs in Germany’s Automotive Industry Down by 9% since 2013
March 22, 2023 According to figures from the German Federal Employment Agency, Germany’s automotive industry has lost 9% of its manufacturing jobs. This is what Oliver Falck, Director of the ifo Center for Industrial Organization and New Technologies, writes in…
In January 2023, employment in Slovakia was higher year-on-year in most sectors
March 22, 2023 The number of employees in Slovakia increased year-on-year in most sectors, employment increased more significantly in accommodation, and particularly selected market services recorded a decline. Despite a dynamic growth of nominal wages across all sectors, only 2…
Annual inflation down to 8.5% in the euro area and down to 9.9% in the EU
March 22, 2023 The euro area annual inflation rate was 8.5% in February 2023, down from 8.6% in January. A year earlier, the rate was 5.9%. European Union annual inflation was 9.9% in February 2023, down from 10.0% in January….
Overall export unit value index of Türkiye increased by 5.0% and volume index by 5.0%
March 22, 2023 Foreign Trade Indices in Türkiye, January 2023 The overall export unit value index increased by 5.0% As compared with the corresponding month of the preceding year, the overall export unit value index increased by 5.0% in January….