China Financial News Headlines

Collapse of Rescue Planning
The 700 billion rescue plan of U.S.A. has collapsed, so the America can not escape the “911 economy” recession. Currently, American unemployment rate is 6.1%, which created the highest level in these five years. However, it is estimated that the number will be reached 7% or 7.5% at the end of 2009. But even some economists forecasted the jobless rate would be higher than the above estimated figure.

Jobless Warning in Mainland (China) in 2008
The jobless number continues to increase in 2008, and the uncertain economic situation makes Chinese jobless number increase to the peak in recent years. Information from the Ministry of Education shows that the number of Chinese college graduates this year has reaches a new record with 5.59 million, which increases 0.64 million people compared with that of last year.

UK enters into Layoff Tide
UK enters into the layoff tide, and there 110 thousand financial workers will be unemployed in next three months, including the 40 thousand professional personnel working in London Financial Center. So the UK jobless number will reach to 2 million people, which creates the highest record in these 11 years.

Germany ILO Jobless Rate in August
German Federal Statistics Office issued the data that the Germany ILO Jobless Rate in August was 7.2%, and the jobless number reduced to 3.1 million people. According to the information for German Federal Statistics Office, Germany ILO jobless rate decreased to the lowest level in 15 years in accordance with the standard of International Labor Organization.

August Unemployment Rate in Japan
Japan Ministry of Internal Affairs announced on the 30th that the unemployment rate in Japan increased 0.2% compared with the data in July, which reached 4.2% and created the highest level since June 2006.

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