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News Summary: UK unemployment rate nears 7 percent
LOWER UNEMPLOYMENT: Britain’s unemployment rate dropped 0.5 percent to 7.1 percent in the three months ended Nov. 30, a shade above the 7 percent level at which the Bank of England may reassess its monetary policy.
Article
Spain jobless rate stuck at 26 pct in 4th quarter
Spain’s national statistics agency says the unemployment rate for the fourth quarter of 2013 edged up slightly, leaving it stuck at the sky-high level of 26 percent.
Article
UK jobless drop puts spotlight on central bank
Britain’s unemployment rate has dropped more than expected, edging closer to the point at which the Bank of England will consider raising interest rates.
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