The U.S. employers unexpectedly cut to only 20 000 jobs in January compared with a forecast to reduce by more than 25 000 jobs. Thus, unemployment fell to a surprise five-month bottom and 9.7 percent reported in recorded unemployment in December from 10.1 percent. This gave the basis of the calls for comment by Reuters analysts to come together around the view that initiated the improvement of the labor market has put permanent roots. However, the number of unemployed continues to rise in construction and transport sectors, while services and retail industries have added jobs last month. The data of the Ministry of Labor show that currently 14.8 million Americans were unemployed. The economic situation affects most severe adult men, where the number of unemployed reached 10 percent of the active population in this group.
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The statistic is showing that the goods carried by rail and trucks in December 2009 were 11.3% less compared to the previous month, due to the reduction of total shipments. Compared to December 2008 decreased by 28.6 percent, the largest decrease in domestic shipments – by 363 thousand tonnes, data showed on national statistics. The transportation is decreasing highly due to the financial crisis and the low rates of the companies. The maritime transport is showing the lowest decrease, but ground transport is feeling really big problems last year. The companies got large orders years ago with long delivery date and the financial crisis surprises them with unused machines and vehicles. Many of the transportation and moving companies just bankrupted, but others just tries to win the competition for the clients. The prices decreased so much that sometimes we wondered how these companies are working at all. It is quite normal, because the contacts will pay their value in the years and will turn back to the investors. The best price moving company for USA is situated in Chicago. The company is offering large number of services with best practices since 1997. The company is specialized only in long distance moving, but also offer specialized transport, business and employees transport and cargo carrying. The most important is that the cargo is insured and carefully moved to the new location.
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Royal Bank of Scotland, will receive a new 25.5 billion pounds by the British government, which aim to increasing the capital of the Island’s leading bank. In return, the state will receive shares of the company’s type B, which will contribute to increasing the share and financial institutions to 84.4 percent (70% now). This is stated in the release of the bank, quoted by Bloomberg. Is planned with a decline in primary the capital adequacy (Tier 1) to put new shares for sale. We recall that last year the British government poured 20 billion pounds in the financial institution. Moreover, under pressure from the European Commission RBS, together with another large bank the British Lloyds (43.5% controlled by the state) will be separated by a large part of its branch network. This is necessary because retention of compete ability the banking system of Britain, much of which is owned by the government after the interventions in this and last year.
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Europe slowly emerging from the crisis, but there is no reason to jump for joy, summarizes in its regular report on economic situation and prospects of Europe’s European business (BUSINESSEUROPE), in which a member of BIA. According to the authors of the “rough road to recovery ‘most recent data and indicators suggest that economic activity in the EU has stabilized, a recession is coming to an end. BUSINESSEUROPE But analysts warn that have not yet seen the conditions for sustainable growth. EU real GDP is expected to shrink by 3.9% this year, before growing by 0.7% in 2010. Long-term consequences of the crisis ACE expect especially in terms of investment, employment and public finances. Against the backdrop of rising unemployment, inflation in the eurozone remains low, averaging 0.3 percent this year and expected to be about 1.3 percent in 2010
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Executive Director of the French car company Renault Gosn Carlos believes that the worst of the crisis has passed. “The financial crisis left behind us,” he said in an interview with French newspaper Le Figaro. According to him, the company expects in 2010 the situation in Europe improved slightly compared to 2009. At the same time, however, should not expect “a sharp jump in the near future,” but rather “smooth rise for several years.” With regard specifically to the automotive sector, Carlos Gosn to raise interest in a partnership between the companies. “We are seeing an investment boom in automotive technology, especially those related to environmental cars, which occurs against the backdrop of increased financial instability. This situation causes them (producers) to work together to share the investment, “he stresses.
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The largest growth in wages was recorded in 2008 and average annual gross value is 6288 lv increase in nominal terms was 2.3 times compared with 2000 and 71.2 times compared with 1995, the NSI report released of print publication “Statistical Panorama 2008″. The book analyzed the demographic, social and economic development of the country last year. Have made comparisons with previous years and shows occurring trends and structural changes occurring in the country. The highest growth is the average wage in the activities of the Health and Social Affairs – 3 times, financial intermediation – 2,8 times, “Real estate, renting and business activities” and “Education” – 2.7 times “Public administration and defense and compulsory social insurance – 2.5 times. Household income continued a trend of marked increase in nominal terms over the past 10 – 12 years. Only for the period 1999 – 2008, the total income per person per household increased from 1 502 to 3 502 lv, or 2.3 times.
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The level of unemployment in Japan in July rose to 5.7 percent, which is the highest level since 1953 when it is launched and reporting of the indicator, forward Bloomberg, citing official statistics. The growth of unemployment exceed the forecasts of analysts who had expected it to rise to 5.5 percent after 5.4 percent in July. Highest level of people without permanent employment was in April 2005. The ratio of space to applications fell to 0.42, which means that for 42 seats have fought 100 candidates, which is also a record, the agency added. Companies from Toyota to Japan Airlines, continue to exempt staff, as well as outside of Japan. The country’s exports declined by 36.5 percent in July, which is ten consecutive decrease.
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The Economy of India marked the first acceleration in the growth of its gross domestic product since 2007, giving a sign that began more lightly to bear the consequences of the crisis. The country’s economy grew by 6.1 percent leeks second quarter compared with same period last year, noted the statistical office in the country after the first quarter increase was 5.8%. Economists had expected growth of 6.2%. The third economy in Asia joined to China and Japan and other countries in the region where he had spent more than 950 million dollars in state funds poured in support of the national economy.
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In the midst of economic crisis in the United States real estate market appeared dwellings that can be bought for the symbolic price of 1 dollar. For example, in the town of St. Paul in Minnesota in 2000 the local authority has deserted homes. To solve the problem, some of them were put up for sale at a price of 1 to 50 000 dollars. According to municipal officials the price is determined by the condition of the building, but it should not interfere with potential buyers as advertised for sale properties are located in the historical center of St. Paul. Acquisition of housing can only be done by a contract containing a number of conditions. The owner will be obligated to make dwelling in a normal condition and make necessary repairs. Moreover, the buyer must personally live in it, not to rent or to freeze the site, pending a new rise in prices of real estate.
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U.S. President Barack Obama officially announced that the current re-elected chairman for the next term Bernanke and the Fed hopes to remain an independent institution. In his words, the Fed chairman is among those with the greatest merit should not enter the country again in a situation similar to the Great Depression. As an expert on issues related to the Great Depression, I am convinced that Bernanke has never assume that will be part of a team charged with the responsibility to prevent new, added Obama. But his solid experience, temperament, courage and creativity helped him to do so. This gives me reason to specify the full back of Bernanke as Fed governor, said Obama. His re-election and passes through the approval of the Senate, as chairman of the private banking committee there Chrisofer Dodd nominated. Chairman of the Fed will have to respond to questions from lawmakers, some of whom believe that he has failed to recognize the coming of the crisis and its seriousness. According to them he did not do enough to protect American consumers, while at the same time trigger support schemes for large banks, including Bear Stearns and American International Group (AIG)
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