Li Xun-Lei: the real unemployment rate in China is more than 10%
Chief economist of Guotai Junan Li Xun-lei today attends the 2009 Chinese investors Forum in Shanghai, said that although the inventory pressure has eased, to get rid of storage is still the main economic problem for China.
He said the process of manufacturing inventories will lead to a large number of workers unemployed, the employed population in China will face a more serious situation, although the unemployment rate is now lower than the beginning of the year, but probably the most difficult time has not arrived yet. He predicted that China’s actual unemployment rate is currently 10% more.
Japan’s unemployment rate in February rose to 4.4%
News on March 31: Ministry of Internal Affairs announced the data on the 31st, after seasonal adjustment, Japan’s unemployment rate in February this year was 4.4%, which was 0.3 percentage points higher than in January and reached the 3-year high point. Data showed that in February this year, the number of unemployed people in Japan was 2.99 million people with an increase of 330,000 people, which continuously increased in these 4 months.
Japan’s unemployment rate reached 4.4% and Japan prepared to launch 20 trillion stimulus packages
The Japanese government said the unemployment rate created a new high since January 2006, the Ministry of Internal Affairs believed that “the deterioration of the employment situation is continuing.”
The Japanese government plans to issue a package of stimulus projects to cope with economic recession, while the volume is expected to be 20 trillion yen.
Canadian unemployment rate in January increased to 7.2%
FXstreet.com (Barcelona) – Canada Statistics Bureau released data: the employment situation in January is poor, while the unemployed number creates the new high in the history, which is three times more than the expected number. The great growth ascribes to the layoffs in manufacturing. The unemployment rate increases from 6.6% to 7.2%. However, the market previous expected that the employed number would reduce 40,000 people, the unemployment rate increased to 6.8%.
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