Euro zone unemployment rate in November 2008 rose to 7.8%
EU statistics office Eurostat data released Thursday showed, the euro zone unemployment rate in November increased to 7.8% from October’s 7.7%, which created the highest level since 2006.
German adjusted unemployment rate rose
In December 2008, Germany adjusted unemployment rate (official): 7.6%; estimated value: 7.5%
2008 Venezuela unemployment rate reached 6%
On January 6 report, the Venezuelan National Bureau of Statistics Elias Eljuri on January 6, 2009 showed that the unemployment rate in 2008 of Venezuela reached 6%.
Chile announced four billion U.S. dollars of fiscal stimulus plan to deal with financial crisis
Chilean President Michelle Bachelet on local time, Monday announced a four billion U.S. dollars’ fiscal stimulus plan to ward off the impact of the global financial crisis and strengthen the construction of infrastructure of public expenditure, and publish the amount of subsidy.
Michelle Bachelet said that the actual public expenditure in 2009 will increase 10.7 percent, which suggested the deficit this year will be equivalent to 2.9% of the gross domestic product (GDP). He also said that the scheme would lay the groundwork to achieve 2-3% GDP growth rate.
In Chile, the unemployment rate rose to 7.5 percent
Chilean officials said that by the end of November, 2008, Chile’s unemployment rate rose to 7.5 percent, mainly due to the global financial crisis dealt a blow to small and medium-sized loan.
Finance Minister Andres Velasco said that the worldwide economic crisis so far gave little impact on unemployment in Chile, but he warned that there may be large-scale layoffs in April in Chile.
Presidential Commission will advise to expand the public expenditure and provide assistance to small and medium enterprises, so as to avoid a large number of unemployed workers in January.
China’s urban unemployment rate climbed to 9.4 percent; employment has become a global problem
China’s State Council counselor Chen Quansheng pointed out that under the pressure of the global financial crisis, about 670 thousand small enterprises in China have been forced to close, about 6.7 million of the jobs have been evaporated, which is much higher than official statistics with 8.3 million people.
Aim at this issue, Premier Wen Jiabao specially urged during a recent inspection tour to Chongqing that the enterprises shall not easily lay off the employees and do everything possible to stabilize employment. Human Resources Social Security, the Ministry of Finance and Administration of Taxation jointly issued a circular recently to five major measures to alleviate the burden on enterprises.
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