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.
Unemployment rate drops in 17 states in July as layoffs slow, but jobs remain scarceAugust 21st, 2009 July unemployment dips in 17 states, rises in 26WASHINGTON — The unemployment rate fell in 17 states and the District of Columbia last month, a positive sign even as the pain of joblessness remains widespread. The Labor Department said Friday that the jobless rate fell in July in New York, Oregon, Minnesota and Virginia, among other states.
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.
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.
UK unemployment rate rises to 7.2 percent in February-April quarterJune 17th, 2009 UK unemployment rate rises to 7.2 percentLONDON — Unemployment in the United Kingdom rose to 7.2 percent in the three months ending in April, official figures showed Wednesday, as the recession pushed the number of people out of work to a 12-year high. The rate compared to unemployment of 6.5 percent in the previous three-month period, the Office for National Statistics said.
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.
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.
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.
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.
Finnish unemployment continues climb to 8.3 percent in MarchApril 28th, 2009 Finland's March unemployment at 8.3 percentHELSINKI — Finland's unemployment rate continued its rise last month, to 8.3 percent, and the government on Tuesday warned of tougher times ahead. Statistics Finland said the rate was up from 6.8 percent in March 2008 and 7.6 percent in February this year.
ArcelorMittal asks Poland to stop Russian steel importApril 11th, 2009 WARSAW - Steel giant ArcelorMittal, which controls 70 percent of steel production in Poland, has asked the Polish government to stop importing Russian steel which is making a big dent on the profitability of the Lakshmi Mittal-headed steel behemoth. The Russian steel, which is much cheaper than steel produced by ArcelorMittal, has flooded the Polish market in recent days and a big part of the imported steel is also being re-exported to other European countries.
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.