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.
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.
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.
Jobless rates rise in all US metro areas in May; 2 parts of Indiana post biggest gainsJune 30th, 2009 Jobless rates rise in all US metro areas in MayWASHINGTON — Unemployment rates rose in all the largest U.S. metropolitan areas in May for the fifth straight month, and are likely to keep marching higher this year, a potential obstacle to a hoped-for economic recovery.
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.
15 percent jobless in 13 US cities: ReportJune 4th, 2009 WASHINGTON - Thirteen American cities saw their unemployment rates topping 15 percent in April with nine of the highest in California alone. In another 93, joblessness climbed above 10 percent, according to a new government report.
Summary Box: Jobless claims dip, but unemployment rate expected to keep risingJune 4th, 2009 Summary Box: Jobless claims dip, but work scarceJOBLESS CLAIMS EASE: The number of newly laid-off workers filing initial claims for unemployment insurance fell Thursday, and so did the total number of people on the jobless benefit rolls. JOBS STILL SCARCE: Still, the drops were small and there is little indication companies are hiring.
Unemployment continues to surge in European Union, euro-zoneJune 2nd, 2009 European unemployment continues to surgeBRUSSELS — The jobless rate in the 16 nations that use the euro surged to 9.2 percent in April, the highest level in almost a decade, the EU statistics office says. The euro-zone jobless rate has reached its highest level since Sep.
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.
Unemployment in Australia slipped in April to 5.4 percent, despite expectations of a riseMay 8th, 2009 Surprise slip in unemployment in AustraliaSYDNEY — Australia's jobless rate slipped marginally to 5.4 percent in April compared to March, despite widespread predictions of a further rise in unemployment because of the global economic slowdown. The official Australian Bureau of Statistics data released Thursday showed that more than 27,000 new full- and part-time jobs were created in April, backing Prime Minister Kevin Rudd's claim that his massive stimulus packages were protecting workers and the economy from recession.
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.
Euro-zone jobless rate surges to 8.9 percent in March as April inflation stays at 0.6 percentApril 30th, 2009 Euro jobless rate surges, inflation stableBRUSSELS — The jobless rate in the 16 nations that use the euro surged to 8.9 percent in March, the highest level in nearly five years, the EU statistics office said Thursday. Unemployment is rising steeply despite recently higher business and consumer optimism about their recession-hit economy.
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.