Summary Box: Unemployment rate jumps to 26-year high, though job cuts slowSeptember 4th, 2009 Summary Box: Unemployment reaches 26-year highTHE BAD NEWS: The jobless rate jumped to 9.7 percent in August, the Labor Department said Friday, from 9.4 percent in July. That's the highest rate since June 1983.
Unemployment rises in SpainSeptember 2nd, 2009 MADRID - A total of 84,985 people were added to jobless rolls in August, following three consecutive months of declining unemployment, putting the total number of people without work in Spain at 3.6 million. The number of people without jobs has risen by 1.09 million, or 43.44 percent, in the past 12 months, the labour and immigration Ministry said Wednesday.
Singapore economy grows revised 20.7 percent in second quarterAugust 11th, 2009 Singapore Q2 GDP jumps revised 20.7 percentSINGAPORE — Singapore revised slightly higher its economic growth in the second quarter, but warned U.S. consumption must pick up to sustain the recovery.
Canadian economy sheds 45,000 jobs in July, unemployment rate steady at 8.6 pctAugust 7th, 2009 Canada sheds 45,000 jobs in JulyTORONTO — Canada lost a more-than-expected 45,000 jobs in July. Statistics Canada said Friday the unemployment rate remained unchanged at 8.6 percent, an 11-year-high.
Singapore says economy jumps 20 percent in second quarter, raises 2009 growth forecastJuly 14th, 2009 Singapore's economy emerges from recession in Q2SINGAPORE — Singapore's economy grew for the first time in a year, soaring 20 percent in the second quarter, a sign Asia is emerging from the global slump. Gross domestic product jumped an annualized, seasonally adjusted 20.4 percent in the three months through June from the previous quarter, the Trade and Industry Ministry said Tuesday in a statement.
Canada's jobless rate jumps to 8.6 percentJuly 11th, 2009 TORONTO - The unemployment rate in Canada, the most robust of all G8 economies during the current global crisis, has jumped to 8.6 percent, a national report here has said. Releasing the report Friday, Statistics Canada said 47,500 jobs were lost in June in this nation of about 33 million people.
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 manufacturing output falls 1.2 percent in March-May quarter, dampens hopes of recoveryJuly 7th, 2009 UK mfg output down 1.2 percent in quarterLONDON — The government is reporting that U.K. manufacturing output fell by 1.2 percent in the March-May quarter compared to the previous three months.
Singapore manufacturing rises for second month in May, up 2 percentJune 26th, 2009 Singapore manufacturing rises for second monthSINGAPORE — Singapore's manufacturing rose for a second month in May as pharmaceutical production more than doubled amid signs a severe recession is loosening its grip on the Southeast Asian city-state. Industrial production rose 2 percent from a year earlier and fell a seasonally adjusted 1.6 percent from April, the Trade and Industry Ministry said Friday.
Singapore retail sales plummet most since 1999 as worst ever recession hurts confidenceJune 15th, 2009 Singapore retail sales plunge most in 10 yearsSINGAPORE — Singapore retail sales suffered their biggest drop since 1999 as shoppers cut back on big-ticket items such as cars and furniture amid the city-state's worst ever recession. The statistics department said Monday that retail sales fell 11.7 percent from a year earlier after dropping 7.3 percent in March and 5.5 percent in February.
Canada sheds 42,000 jobs in May, pushing unemployment rate to 8.4 percentJune 5th, 2009 Canada sheds 42,000 jobs in MayTORONTO — Canada lost 42,000 jobs in May as the unemployment rate jumped to the highest level in 11 years. Canada's unemployment rate rose to 8.4 percent in May from eight percent the previous month.
Canada unemployment rate rises to 8.4 percent, highest level in 11 yearsJune 5th, 2009 Canada unemployment highest in 11 yearsTORONTO — Canada's unemployment rate rose to 8.4 percent in May, the highest level in 11 years and up from 8 percent registered in April. Statistics Canada announced Friday the country lost a worse than expected 42,000 jobs in May.
US unemployment rate jumps to 8.9 percentMay 8th, 2009 WASHINGTON - The US unemployment rate surged to 8.9 percent in April, its highest level since 1983, with companies shedding another 539,000 jobs during the ongoing recession, the US Labour Department said Friday. But the monthly loss was the smallest since October and lower than most analysts expected, suggesting that the worst of the economic downturn may be in the past.
Singapore manufacturing plunges 34 percent in March as demand for exports collapsesApril 24th, 2009 Singapore's manufacturing slump worsens in MarchSINGAPORE — The slump in Singapore's manufacturing accelerated in March as the global collapse in demand for exports continued to batter the tiny Southeast Asian city-state. Industrial production fell 34 percent from a year earlier and dropped a seasonally adjusted 14 percent from February, the Trade and Industry Ministry said Friday.
US unemployment jumps to 8.1 percent; 651,000 jobs lostMarch 7th, 2009 WASHINGTON - The US shed 651,000 jobs in February, the latest sign of a deepening recession and raising the unemployment rate to 8.1 percent, the US Labour Department said Friday. The unemployment rate now stands at its highest level since 1983 and 4.4 million people have lost their jobs since the US recession began in December 2007.
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