China Financial Daily

October 22, 2008

Global Jobless and Unemployment or Layoffs in China (Taiwan and Mainland)

Filed under: Financial News — Tags: , , , — Nancy @ 10:20 am -0700

20 Million People will face the crisis of unemployment
Director-General of International Labor Organization (ILO) said because of financial crisis, until the end of 2009, global unemployment would be increased from 190 million in 2007 to 210 million people, which might increase 20 million people. Somavia called on governments to take prompt action to prevent the outbreak of the severe and lasting global social crisis.

Taiwan Unemployment Rate created the New High
The data from Taiwan showed on Oct.22 that the Taiwan jobless rate in September was 4.27%, which increased 0.13 percentage points compared with the previous month, hitting a 4-year high in the same month. For the serious problem of unemployment, the “Labor Commission” in the afternoon announced that in order to promote employment, they plan to invest NT 3.7 billion so as assist at least 30 thousand people to seek job.

Job-waiting Rate of University graduates reaches 15%, which is much higher than the average layoff rate in China
China Youth Research Center released “Report on rights and interests of youth in China” yesterday that our national job-waiting rate of university graduates has reached 15% approximately, which is much higher than the average jobless rate in society.

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October 16, 2008

New Movement at Home and Abroad

Filed under: Financial News — Tags: , , , , , , — kinpoo @ 9:01 am -0700

Rapid Growth of Unemployment in Britain
British officials announced the number of unemployed on 15th, which is the maximum of 1.79 million in the past 10 years. It became the new “bad omen” showing that Britain’s economy had taken a change for the worse.

China investigates the Japan Green Peas Accident with Great Effort
Reported from the Laiyang city government in Shandong province on 16th that, the local government has set up a special group for investigation and help the relevant departments do the investigation.

Barclays Capital plans to reduce the International Oil Prices to 75 Dollars Next Year
Barclays international capital recently released the latest report that, they have brought down the average crude oil price in 2009, from 90 to 75 dollars every barrel.

other news:

HP is said to bully ASUS
According to China Taiwan media reports, in order to curb ASUS notebook business, recently HP threatened its notebook oem manufacturers not to do work for ASUS.

The first Case in Chinese Business Entities falling in the US Financial Storm
One of the largest toy oem manufacturers in the world —— two factories of HeJun Group have closed down, 6500 employees facing unemployment! This is the largest bankruptcy case which resulted of the financial crisis in China.

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