China Financial Daily

U.S. unemployment rate rose sharply to weaken the demand for textile products
From the United States, the retail sales of large-scale shopping centers, with the exception of Wal-Mart, from Thanksgiving to the following Black Friday, all have obviously stagnated. So the sharp rise in the unemployment rate will weaken the textile products. The U.S. Department of Agriculture released last week the report that in 2009 U.S. agricultural exports are expected to decline 14.5 billion U.S. dollars, or nearly 13%, the reasons for that are: global recession, falling prices and weak demand.

High U.S. unemployment rate gives warning to China
According to Labor Department data, non-farm employment in November alarmingly reduced 533,000 people, which increased 0.2 million people compared with the expectation. At the same time, the unemployment rate rose to 6.7 percent. Financial crisis also inevitably affect the job market in China, so China should take more measure to deal with the financial crisis.

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