Australia's unemployment rate drops; dollar rises to 14-month highOctober 7th, 2009 Australian jobless rate posts surprising dropCANBERRA, Australia — Australia's unemployment rate surprisingly dropped to 5.7 percent in September, the government said Thursday, news that caused the Australian dollar to surge to a 14-month high. Economists had forecast a rise to 6 percent, but the Australian Bureau of Statistics said 40,600 new jobs were created last month.
Former Fed chief Greenspan says jobless rate likely to pass 10 percent, stay there a whileOctober 4th, 2009 Greenspan: Jobless rate likely to pass 10 percentWASHINGTON — Former Federal Reserve Chairman Alan Greenspan predicts that the unemployment rate will push past 10 percent and stay at that level for a while. "Pretty awful" is how Greenspan describes Friday's report that the unemployment rate has risen to 9.8 percent.
Obama says 9.8 percent jobless rate a sobering reminder of hard task of reversing recessionOctober 2nd, 2009 Obama: New jobless number a sobering reminderWASHINGTON — President Barack Obama is calling the latest jobless figures a sobering reminder that progress to reverse the recession comes in fits and starts. He says the new unemployment numbers also serve as a reminder that the country needs to "grind out this recovery step by step."
Obama made the comments after the Labor Department reported that the unemployment rate rose to 9.8 percent in September as employers cut more jobs than expected.
Mexico's unemployment rate hit 6.28 percent in August, highest rate since mid-1990sSeptember 22nd, 2009 Mexico's jobless rate at 6.28 percent in AugustMEXICO CITY — Mexico's unemployment rate rose to 6.28 percent in August, the highest rate in more than 13 years. The National Statistics Institute says the jobless rate among the country's roughly 45 million workers was up from 4.2 percent in August 2008 as the country continues to feel the effects of the world recession.
Australian jobless rate steady as unemployed abandon job search, shrinking labor forceSeptember 9th, 2009 Australia jobless rate steady at 5.8 pct in AugustCANBERRA, Australia — Australia's jobless rate remained steady at 5.8 percent for a third month in August despite a continuing shift from full-time to part-time employment due to the near-stagnant economy, figures showed Thursday. The jobless rate was better than most economists had expected but Employment Minister Julia Gillard said the data contained "some troubling aspects" including a shift to part-time work and an overall loss of jobs that was matched by a fall in the number of people seeking work.
Unemployment rate in Calif climbs to 11.9 percent in July, up from 11.6 percentAugust 21st, 2009 Unemployment rate in Calif climbs to 11.9 pctSACRAMENTO, Calif. — California's unemployment rate climbed to 11.9 percent in July, the highest number in modern record-keeping.
Michigan jobless rate dips slightly to 15 percent in July, first drop in more than a yearAugust 19th, 2009 Michigan jobless rate dips slightly to 15 percentLANSING, Mich. — Michigan's monthly unemployment rate has dropped for the first time in more than a year.
8 states see record unemployment rates in May; Nebraska, Vermont only states without increasesJune 19th, 2009 8 states see record unemployment rates in MayWASHINGTON — The unemployment rates in eight states hit record-highs last month and only two — Nebraska and Vermont — did not report increases. The Labor Department says 48 states and the District of Columbia saw employment conditions deteriorate last month.
Australia's jobless rate rises to 7-year high of 5.7 percent as companies cut workersJune 11th, 2009 Australian jobless rate at 7-year high 5.7 percentCANBERRA, Australia — Australia's unemployment rate rose to a seven-year high of 5.7 percent in May, government figures showed Thursday, reflecting job cuts at companies amid the slump. "We've always said we were not immune from the global recession," said Employment Minister Julia Gillard, which said the increase was in line with market expectations.
Summary Box: Layoffs slow, but jobless rate rises to 9.4 percent and will move higherJune 6th, 2009 Summary Box: Layoffs slow as recession easesJOB CUTS SLOW: Employers cut 345,000 jobs last month, the fewest since September and the fourth straight month that the pace of layoffs slowed. UNEMPLOYMENT RATE RISES: The jobless rate rose to 9.4 percent, from 8.9 percent in April.
South Korea's unemployment rate falls to 3.8 percent amid signs economy improvingMay 13th, 2009 South Korea's jobless rate falls to 3.8 percentSEOUL, South Korea — South Korea's unemployment rate fell to 3.8 percent in April, government data showed Wednesday, adding to signs the country's battered economy is improving. The jobless rate declined from 4 percent in March, the Korea National Statistical office announced.
Poland's jobless rate falls to 11 percent in AprilMay 9th, 2009 Poland's jobless rate down to 11 percent in AprilWARSAW, Poland — Poland's jobless rate dropped to 11 percent in April from 11.2 percent the month before, according to government statistics released Friday. Labor Minister Jolanta Fedak said some 1.72 million people in the country of 38 million were without a job at the end of April — 28,000 less than the previous month.
Job losses slow to 539,000 in April; jobless rate rises to 8.9 percent, highest since 1983May 8th, 2009 Layoffs slow to 539K in April; jobless rate risesWASHINGTON — The pace of layoffs slowed in April, with employers cutting 539,000 jobs, the fewest in six months. But the unemployment rate climbed to 8.9 percent as many businesses remained wary of hiring given all the economic and financial uncertainties.
Japan jobless rate up, household spending down in MarchMay 1st, 2009 Japan jobless rate up, spending down in MarchTOKYO — Japan says its jobless rate rose and household spending fell in March. Friday's government announcement shows the world's second-largest economy is still faltering.
Polish unemployment rate rises to 11.2 percent in MarchApril 27th, 2009 Polish jobless rate rises to 11.2 percent in MarchWARSAW, Poland — Poland's jobless rate rose to 11.2 percent in March from 10.9 percent the previous month, according to government statistics released Monday. The Central Statistical Office said that almost 1.76 million people in the country of 38 million were unemployed at the end of March — an increase of 40,000 compared with the previous month.
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