Saturday, February 26, 2005

Some Comparisons with other Economies

French Jobless Rate Rises to 10%, Confidence Declines "The French economy created just 39,000 jobs last year, according to Labor Ministry figures, as it expanded by 2.3 percent, the fastest pace in four years."

Berlin warns of further rise in jobless rate "Wolfgang Clement, Germany's economics and labour minister, has warned that unemployment in Europe's largest economy would reach a new record this month after breaching the 5m mark in January. The February figure will be significantly higher"

British average earnings growth picks up "Although Britain's jobless rate rose to 4.7 percent in the fourth quarter from 4.6 percent the previous quarter, the rate still remains one of the lowest in the world. The rate is 12.1 percent in Germany, 10.4 percent in Spain and 9.7 percent in France."

California's Jobless Rate Declines " The U.S. unemployment rate for January was 5.2 percent, down from 5.4 percent the previous month and 5.7 percent in the year ago month."

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