Friday, April 3, 2009

Global Recession: No Clear Pattern in Unemployment Figures

U.S.
The U.S. unemployment rate continues an essentially linear rate of increase.

The number of people "working part time for economic reasons" (involuntary part-time workers) increased by 423,000.

Russia
A pessimistic report on Russia's contracting economy and growing poverty was issued by the World Bank.

Japan
Although unemployment is only 4.4%, overall economic decline is anticipated to be worse during 2009 than in the West.

Brazil
Unemployment in Brazil is less than a year ago, albeit worse than in January.

Egypt
Unemployment in Egypt is less than a year ago, but higher than during the previous quarter.

Mexico
Unemployment in Mexico is 5.3% and rising rapidly.

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