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Has job losses topped?

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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

Written by admin

juni 5th, 2009 at 2:57 pm

Posted in economics

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