Posts Tagged ‘unemployment’

Optimism on Wall Street after the unemployment data

Friday, September 3rd, 2010

UnemploymentTrading on stock exchanges in the U.S. began with strong increases in the major indexes after the data on the labor market in August, which showed that private sector companies have created 67 thousand new jobs in August. Employment in non-agricultural sectors of the economy decreased by 54 thousand jobs last month, which was twice less than expected. Non-agricultural employment includes working months in the private and public sectors. The unemployment rate in the U.S. rose from 9.5% to 9.6% because more Americans have signed up to the job centers as active job seekers. The main stock index began the session with a growth of over 1 percent, but lost part of its momentum after it became clear that the service sector has reduced its growth rate in August. This index showed business activity in non-productive sector, which fell more than expected to 51.5 points in August compared to 54.3 points in July. Dow Jones IA, which brings together 30 leading American stock companies increased by 0.5% to 10 372.02 points an hour after the start of trading. The broader S & P 500 advancing 0.7 percent to 097.25 points by 1, led by companies in the financial and consumer sectors. Nasdaq Composite rose by 0.8% to 2 216.78 points after the session began with a growth of 1.5 percent. Today’s session, and last week, bringing increases in most securities markets in the Asian and Pacific region. Green covered the back and European markets, where France’s CAC 40 and Germany’s DAX rose by more than 1%.
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First monthly decrease of employment in USA

Saturday, July 3rd, 2010

UnemploymentThe Employment in the U.S. fell in June for the first time this year after the private sector hired fewer people than expected, and 225 thousand temporary jobs created in conjunction with the census, were closed. Employed in the agricultural sectors of the U.S. economy fell by 125 thousand in the last month – the biggest decline since October last year. The private sector has created 83 thousand jobs in June on expectations about 112 thousand, transmits Reuters. However, the unemployment rate fell to 9.5 percent from 9.7 percent in May – the lowest since July 2009, thanks to the release of many of the labor market. Analysts interviewed by Reuters had expected a decline in employment of 110 thousand and increases in unemployment to 9.8 percent. The government revised data for April and May during which they were created by 25 thousand more jobs than initially reported.
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Growing unemployment and inflation in the Eurozone

Sunday, March 28th, 2010

UnemploymentThe level of unemployment in the euro area began to grow again after three months stood at the same level. The index for February increased by 0.1 percentage points to 10% in countries using the official single currency, according to figures from Eurostat. This coincided with forecasts of analysts comment on the news agency. Per year in the euro area level indicator has risen by 1.2 percentage points. Across the European Union level indicator also increased by 0.1 percentage points to 9.6%, but by February 2009 the increase was 1.3 percentage points. Compared with January, the number of unemployed has increased by 61 thousand in the euro area and by 131 thousand in the entire EU. Severe situation in the youngest group – this in 25 years. Eurostat data show that for one year the proportion of unemployed has increased it by 1.6 percentage points to 20% or one fifth of all.
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Growth of unemployment and inflation in the Eurozone

Wednesday, January 27th, 2010

EurozoneThe level of unemployment in the euro area in December rose to 10.0% with expectations for a rise to 10.1 percent after 9.9 percent in November, according to figures from Eurostat. We recall that the original data for November showed an unemployment rate of 10%. Thus the unemployment rate for December was at the highest levels since August 1999, but its weaker than expected increase may signal a worsening slowdown in the labor market in order to pursue recovery of the eurozone economy from recession. The preliminary index of consumer prices in the eurozone for January rose by 1.0% annually. after growth of 0.9 percent in December and also reached 11-month high. Still retains a level below the ECB’s desired level of 2.0%.
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Home based business against unemployment

Sunday, January 24th, 2010

Financial WomanIn the years of financial crisis and bankrupcy of the banks the unemployment rate is increasing every month. The unemployment rate increased to high percentage and many people started searching for alternative way for making money. Many people started own business, others started living in economy way and the third just tried work from home method. Work From Home Moms are now making much more money moving ahead the family bugget and getting high profits and earning for them. The internet is giving large number of opportunities for people, who lost their work or just have no time for full working day. The home business in internet allows women to take care for the kids, house, family and to make money. According to Business Guide the most popular jobs from home are Employment Consultants, Business Plan Writers and Home Party Consultants. The jobs are much more, directed in spheres, which are sticked for women mostly. The incomes are not so big, the working time is floating and the most important is that you can work only when you are free and having no bosses.
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Surprise decrease of unemployment in the UK

Saturday, January 16th, 2010

Unemployment dropThe unemployment in Britain unexpectedly fell for the three months to November show the data of national statistics. This was considered better than the analysts, according to the news gives them hope that the worst of the labor market may be in the past. Reported a decrease from the first 18 months since According to official statistics show that unemployment has fallen by 0.1 percent point to 7.8 percent from the previous reporting period at the end of October. Experts expect the level of the indicator continues to rise and reach 8%. The number of applications for social benefits for unemployment in Britain in December will be decreased 15.2 thousand persons. In expected to decline by 2.5 thousand persons, after a decline to 10.8 thousand in November, which is the largest decline since April 2007.
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Bad unemployment data hurt Wall Street

Monday, January 11th, 2010

IndexesGreater than expected contraction of the employees in non-agricultural sectors of the U.S. economy in December plunge in U.S. stock indexes at the beginning of today’s session. Data on unemployment shaken investor confidence in the sustainability of economic recovery. The index of the 30 largest and most traded stock companies, Dow Jones IA retreated 0.2 percent to 10 589.32 points to close two hours after the beginning of this week for the last trading session. For that contribute most to the shares of Boeing, Coca-Cola and JPMorgan, which became cheaper by 0.9%, 1.7% and 0.5%. The broad measure of stock S & P 500 lost 0.1 percent to 1 141.15 points. Only the index of companies by the exchange Nasdaq – Nasdaq Composite, yet manages to hold onto positive territory after a negative start. It rose by 0.3 percent to 2307.04 points, supported by technology and transportation companies. The new year began with tentative movements of quotations in anticipation of data on the labor market in December. They showed that unemployment in the United States remains at 10% and the number of jobs lost in non-agricultural sectors of the economy amounted to 85 thousand, which was much more than expected. Reductions in the indexes today were limited by an unexpected increase in wholesale inventories in the U.S. in November, which recorded a record for the last five years grew by 1.5 percent on a monthly basis. Inventories are involved in the calculation of gross domestic product and increase their data may strengthen the U.S. economy for the fourth quarter.
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Unemployment in the United States remained 10%

Monday, January 11th, 2010

UnemploymentUnemployment in the United States in December retains a level of 10.0 percent in expectations to rise to 10.1 percent after 10.0 percent in November. Industrial employment in the U.S. for December will be decreased by 27 thousand persons with expectations for a drop of 35 thousand persons. After a decrease of 41 thousand persons. for November. Non-agricultural employment in the U.S. for December will be decreased by 85 thousand persons with expectations of no change after rising by 4 thousand in November. These data disappoint investors who expect the number of redundant is far less. Throughout 2009 were reduced 4.2 million jobs since the beginning of a recession two years ago the total number of unemployed people is 7.3 million. Of 271 business sectors, 40 percent have sought workers for November as this rate was 42.4%. Earlier today it was announced that unemployment in the eurozone rose to the highest level since August 1998.
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The decline of unemployment raise indexes on Wall Street

Wednesday, November 25th, 2009

Financial WomanThe U.S. indexes moved in positive territory after yesterday’s volatile session, despite the low volume traded on the eve of Thanksgiving. The investors welcomed news of the increase in consumer spending and strong growth in sales of new homes in October. Before the start of the session it became clear that the number of Americans who have lost their jobs last week fell to its lowest level since September last year. Initial claims for unemployment benefits decreased by 466 thousand to 501 thousand for the week before. Etc. The number of long-term unemployed in the U.S., or people who received social assistance for unemployment for at least two weeks, decreased from 5.61 to 5.42 million. The personal cost of U.S. households rose more than expected in October to 0.7 percent on a monthly basis. Purchases of new homes in the United States, in turn, grew to 430 thousand units annually in October, which is their highest level in 13 months. Orders for the production of durable goods, however, unexpectedly fell 0.6 percent in October, which is a bad sign for the factory sector. The index of the 30 largest actively traded companies, Dow Jones IA increased by 0.3 percent, to finish trading at a level of 10,464.4 points. Thus it was new its highest value for the last 13 months and improve achievement at the start of the week.
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