'Out of recession but still in a crisis'

US unemployement rate rises upto 10.2 %

By: kalex

The jobless rate of the US rises a stunning 10.2 % for the month of October.This is the highest rate seen from the year 1983, April.The report is submitted by the US Labor Department.Its seen that in the month October only some two lakhs of jobs been lost when compared to the month of October. From the December 2007 recession time more than eight ...

18 days ago

Economic Crisis Roundup: Recovery Emerging, But Not Yet for All

By: chnarendra

Has the global economy bounced back from the sudden and very deep recession that began last fall? World Bank economists say such economic vital signs as industrial production, trade, and foreign direct investment are picking up, though they’re at considerably lower levels than before the financial crisis. “Right now, we see this ...

about 1 month ago

Roubini (Dr. Doom): The Worst is yet to come for the Unemployed

By: northsunm32

   Roubini is famous for having predicted the financial crisis some time before it happened. This article maintains that joblessness will get even worse and the recovery will be weak. Many jobs will be outsourced as well. His prescription for even more stimulus by government is not likely to be politically popular since there have been ...

8 days ago

22,000 German companies declare a bankrupt

By: mohammedd

   The German Federal Statistics Office revealed Friday the high number of German companies bankrupt until the end of August last year by 12.3% compared to the same month last year, attributing it to the continuation of the global financial crisis. And monitoring of statistical experts in 2619 a company in bankruptcy last August to ...

17 days ago