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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Unemployment in Greece in May fell to 8.5 percent from 9.4 percent in April, said the electronic edition of Greek newspaper “Navtemboriki, according to data of the national statistical office informed agency” Focus “. For comparison, in May 2008 unemployment rate was 6.6 percent. The total number of employed in May this year was 4 553 998 people unemployed were 420 401 people and economically inactive population – 4 287 961 people. In women, the level of unemployment was 11.5 percent from 10 percent before one years and for men – 6.3 percent from 4.2 percent in May 2008.
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The level of unemployment in the U.S. for July decreased by 9.4 percent, said the Ministry of Labor in the United States, forward Finance.news.bg. The market expected the level of the indicator to rise to 9.6 percent in June after it was 9.5 percent. Released from work for employees last month were 247 thousand, which is almost twice less than reported 443 thousand new reduction in June. Expectations for new investors were 325 thousand redundancies. Changing jobs in the industrial sector in the U.S. for July fell by 52 thousand units. with expectations for a decline of 100 thousand after the fall of 136 thousand units in June. Despite the surprise drop in unemployment in July still rikat from reaching the 10 percent level of unemployment remains, the experts comment. To stabilize the economy must not only stop the abbreviation of employees, but employment should be strengthened.
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With threatening pace with rising unemployment immigrants in Greece, forward agency Focus. Currently the rate is highest in the last five years. In recent years, waves of aliens entering Greece in search of work and poses a serious risk of a new social tensions in the coming months. Data show that during the first three months of the year, unemployment among foreigners was 11 percent. For the first time it is higher than the national average. In practice, however, unemployment among immigrants is even higher, indicating the issue. In April the unemployment rate nationwide was 9.4 percent, marking its highest increase on an annual basis.
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The Bank of America, the largest lender in the U.S., is facing 10 percent jump in bad loans to $ 7.6 billion in its balance sheet for the second quarter, according to a report of Credit Suisse, cited by Bloomberg. Bad debts include $ 1.9 billion related to residential mortgages, and approximately 10.4% of credit card loans will be written off, according to the report analyzer Moshe Orenbuh. In the first quarter of 2009, Bank of America credits deleted $ 6.9 billion. Bank of America is first in U.S. assets and deposits will take into account one hundred 32-share profit for the quarter, including $ 5.2 billion profit before tax from the sale of its share in China Construction Bank.
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The trend in the index for employment in the U.S. Conference Board in June fell by 0.8 percent on a monthly basis to 88.4 points from 89.1 points in May (downward revision of 89.9 points). The Annual index of the trend of employment in the U.S. for June fell by 21.6 percent. Gad Levanon of the Conference Board said that “compared with the beginning of the year falling trend of the index of employment has become much more moderate and therefore we expect jobs growth to resume around the end of 2009.” Really the situation is USA is getting better last weeks, but this is exactly due to the trend in the index for employment.
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Only a month after the leaders of the G 20 meeting in Washington promised that it will not interfere with the free market with trade barriers, governments around the world start to help strapped to their industries at the expense of foreign competitors – Bloomberg agency said. This month, Russia raised the import duties on cars from 25% to 30%. China to introduce tax rebates for exporters. India introduced import quotas for steel. Like it was not enough, the U.S. considers state aid for carbuilding companies and France paid 7.6 billion dollars to protect national companies from foreign usurper. All this suggests that the global recession might lead to protectionism, which in turn is dangerous for the recovery of the economy in the world, but for sober reaction in times of crisis. Even the next day after having promised that he would defend the freedom of global trade, world leaders began to introduce measures to prevent it, says U.S. specialist. According to economic historians, the trade war during the Great Depression after the adoption of the Law Turmoil Hawley (set record-high import duties on goods 20.000 in 1930) has increased the global economic crisis.
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In June the U.S. were curtailed 467 000 jobs outside the agricultural sector, according to a report published today, the Statistical Office of Employment (Bureau of Labor Statistics (BLS). Unemployment rose to 9.5 percent last month, which is the highest value of the index of over 26 years after the increase in May to 9.4 percent. Consensus expectations were for the market decline in employment 375 000 job positions to a revised account of the loss of 322 000 items for the previous month. The number of long-term unemployed Americans in June rose to a record 4.4 million, or 3 of every 10 unemployed people in the U.S. are more than 27 weeks. Redundancies jobs since the beginning of the recession in the U.S. in December 2007 to April this year are already close to 7.2 million, more than half of them redundant in the last 7 months. The total number of unemployed in the U.S. in June reached 14.7 million, or approximately as much as in May. According to today’s report, 136 000 positions were reduced in the industrial sector, which formed 12 percent of the GDP of the country after the 156 000 jobs redundant in May and expectations of 148 000 jobs less. In the construction sector are reduced 79 000 jobs in the services sector 118 000, and in June the federal authorities have shortened 49 000. The median hourly wage of Americans has remained unchanged – 18.53 dollars, a growth index of the annual fun to be 2.7% to 3.1% in May. The average working week in the U.S. in June fell to a record 33.0 hours of bed, as in the previous month was 33.1 hours. In general the data are lower than market expectations, although it noted some improvement of the first 4 months of the year with a view to reducing the number of redundancies jobs below 600 000.
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