Archive for the ‘Jobs’ tag
Has job losses topped?
New job numbers
Today new numbers got out and it appears that the job situation is not as terrible as first expected – but still – it is no walk in the park either. In May less people lost their jobs than first expected. This development has made the european indexes go up. The German DAX rose more than 1 percent after the news.
The cold facts
Though the unemployment rate rose up to 9,4 percent in May, which is the highest since august 1983, it is nat all bad. Experts has expected that the number of unemployed people would rise to 525.000. But instead only 345.000 people lost their jobs in may. read more aboute the development in unemployment in the US here
Should the states support the car industry?
State finance
The past week the car industry has been taking up a lot of space in the news. The industry is suffering from the financial situation, not selling any cars. The spokesmen of the industry have been saying the the governments must take action as they have done in relation to the banking industry. I not really sure wether I like this idea?
The US
Most obviously the American car industry is in big trouble, as this is the greatest producer of car in the world. But Opel in Germany are also having problems. Opel has asked the German government to grant money to keep the factory from closing. read more about the dilemma of financial support to the car industry here