Oil prices fall after report shows unemployment rate reaching 26-year highSeptember 4th, 2009 Energy prices slide as US sheds jobsOil prices fell on Friday after the government reported that the unemployment rate moved to a 26-year high, raising fresh concerns that energy demand will remain weak even if the economy is heading out of the recession. Benchmark crude for October delivery fell 15 cents to $67.81 a barrel in on the New York Mercantile Exchange.
Euro-zone inflation goes negative for second month, unemployment rises to 10-year highJuly 31st, 2009 Euro-zone prices fall as unemployment risesBRUSSELS — Falling prices and rising unemployment in the 16 nations that use the euro show an economy still mired in recession despite recent green shoots of recovery, according to EU statistics published Friday. Euro-zone consumer prices fell for a second month in July as the June jobless rate rose to a 10-year high to 9.4 percent, the EU statistics agency Eurostat said.
Japan unemployment rate rises to 6-year high and prices fall, threatening recoveryJuly 31st, 2009 Japan jobless rate climbs to 6-year high in JuneTOKYO — Japan's unemployment rate hit a six-year high in June as mounting job losses and sharply falling prices threaten to stall a recovery in the world's second-biggest economy. The unemployment rate worsened to 5.4 percent from 5.2 percent in May, the government said Friday.
Unemployment tops 10 percent in 16 states in June; Michigan at 15.2 percent, highest since '84July 17th, 2009 Unemployment tops 10 percent in 16 states in JuneWASHINGTON — The U.S. Labor Department says unemployment topped 10 percent in 16 states last month.
UK unemployment rises by 281,000 to 2.38 million; rate up from 7.2 pct to 7.6 pctJuly 15th, 2009 UK unemployment rate rises to 7.6 pctLONDON — Britain's unemployment rate increased to 7.6 percent as the country's steep recession raised the number of people out of work to 2.38 million in the March-May quarter, official data showed Wednesday. The unemployment rate was up from 7.2 percent in the three months to April, and the number of unemployed rose by a record 281,000, the Office for National Statistics said.
Canada sheds 7,400 jobs in June, pushing unemployment rate to 8.6 percentJuly 10th, 2009 Canada's unemployment rate rises to 11-year highTORONTO — Canada lost 7,400 jobs in June as the unemployment rate climbed to its highest level in 11 years. Statistics Canada announced Friday that the unemployment rate rose to 8.6 percent last month from 8.4 percent in May.
Japan wholesale prices fall 6.6 percent in June from year earlier, biggest fall on recordJuly 10th, 2009 Japan wholesale prices fall 6.6 percent in JuneTOKYO — Japan's central bank said Friday that wholesale prices fell 6.6 percent in June from a year earlier, the biggest fall on record and the latest sign that deflation is returning to the country. The Bank of Japan's corporate good price index, which tracks the cost of a wide range of products sold domestically, declined for the sixth straight month.
Ireland's unemployment rate reaches new 13-year high of 11.9 percentJuly 1st, 2009 Irish unemployment hits 13-year high of 11.9 pctDUBLIN — Ireland's unemployment rate hit a 13-year high of 11.9 percent in June as a deepening recession pushed the welfare lines to record lengths, the Central Statistics Office reported Wednesday. The report said the number of people claiming jobless benefits has nearly doubled over the past year to 418,592, an unprecedented high dating back to the foundation of the Irish state in 1922.
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.
Gold prices drop 2 percent as dollar gains ground against other currenciesJune 3rd, 2009 Gold prices fall sharply as dollar reboundsNEW YORK — Gold prices have fallen sharply as the dollar rebounds against the euro and the British pound. The dollar's gains come ahead of Thursday's interest rate decisions from the European Central Bank and the Bank of England.
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.
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.
Inflation rises marginally to 0.31 percentApril 2nd, 2009 NEW DELHI - India's annual rate of inflation rose marginally to 0.31 percent for the week ended March 21, after declining for eight consecutive weeks, official data showed Thursday. The inflation rate was 0.27 percent the week before.
India's inflation rises marginally to 0.31 percentApril 2nd, 2009 NEW DELHI - India's annual rate of inflation rose marginally to 0.31 percent for the week ended March 21, after declining for eight consecutive weeks, official data showed Thursday. The inflation rate was 0.27 percent the week before.
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