—Unemployment starts ticking higher. The jobless rate, which stood at 8.3 percent in 2007, jumps to 18 percent in 2009. It is now almost 25 percent. Property prices begin to decline, and the real estate boom eventually bursts, as demand plummets.
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Spain goes from boom to bust in a hectic 10 years - Yahoo! News - 4 views
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Boom and the bust represents the business cycle. The boom being the positive output gap and the bust representing a negative output gap (recession) In this case Spain was experiencing a boom, but after a while they faced a recession because they did not have spare capacity in the factors of production as they use to have (used too much doing the boom)
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the jobless rate for those aged between 16 and 24 is 52 percent.
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in sales taxes to get a handle on the size of government debt and appease markets.
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Boom and the bust represents the business cycle. The boom being the positive output gap and the bust representing a negative output gap (recession) In this case Spain was experiencing a boom, but after a while they faced a recession because they did not have spare capacity in the factors of production as they use to have (used too much doing the boom)
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The 86 million invisible unemployed - May. 3, 2012 - 1 views
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population growth
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labor force is now at its smallest size since the 1980s when compared to the broader working age population.
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Last year, 86 million Americans were not counted in the labor force because they didn't keep up a regular job search. Most of them were either under age 25 or over age 65.
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that doesn't include the millions of nonworking adults who aren't even looking for a job anymore.
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unemployment rate is falling
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A person is counted as part of the labor force if they have a job or have looked for one in the last four weeks.
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63.6% of Americans over the age of 16 fell into that category
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Only people looking for work are considered officially unemployed.
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The unofficially unemployed
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weren't consistently looking for one
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Older people, ages 65 and over, account for more than a third.
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Young people between 16 and 24 make up another fifth.
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unemployed
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BBC News - Factory output in Japan weaker than expected in April - 4 views
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As Japan continues to recover from a devastating earthquake and tsunami last year, the ministry said industrial production continued to improve.
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Industries that contributed to the slight rise in output included transport, chemicals and electrical machinery.
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This quotation indicates the global impact of the Chinese economy. Because a large proportion of Japanese goods' is exported to China, a decrease in demand means that there would be less output. This can be related to the US GDP article, stating that a decrease in demand would make it difficult to produce the good to be either exported or imported and have affect on GDP growth.
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Japan's factory output was weaker than expected in April because of slower demand for electronics goods, especially in China. Output was 0.2% higher in April from March, the Trade and Industry Ministry said. Analysts had forecast a figure of 0.5%. The ministry said it expects output to fall in May, before rebounding in June.
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U.S. Growth Slows to 2.2%, Report Says - NYTimes.com - 0 views
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It was the first deceleration in a year, but it was not nearly as severe as other setbacks in the last couple of years.
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the private sector is continuing to heal from the financial crisis,” said Alan Krueger, chairman of the president’s Council of Economic Advisers.
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Economists initially predicted a much weaker showing in the latest quarter, partly because of a large accumulation of inventories in the fall and winter that needed to be worked off. But in the last few weeks, expectations rose on strong jobs reports and rising consumer confidence.
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in construction related to mining, oil and gas, while manufacturers actually increased their spending on factories and office buildings.
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another significant slowdown, saying that last year’s hiccup was the result of a series of external shocks, like a spike in gas prices (this year’s was less severe and is already subsiding) and the Japanese earthquake.
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Stagnation in Europe and a slowing of China’s breakneck expansion have weakened global demand even as corporate profits have continued to outpace expectations.
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Student loan debt continues to rise - latimes.com - 0 views
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Student loan debt continues to rise
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"Student loan debt continues to grow even as consumers reduce mortgage debt and credit card balances,"
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US economy points to jobless misery | Latest Business & Australian Stock market News | ... - 1 views
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US unemployment benefits - indicating the pace of layoffs - rose by 10,000 to 383,000 in the week ending May 26,
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Payrolls firm ADP reported private-sector employment rose by a modest 133,000 jobs in May, well below expectations, from April's 113,000 number.
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The lackluster data came just five months ahead of the November presidential election in a race dominated by high unemployment concerns.
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The first-quarter slowdown was due in part to declines in private inventory investment and a pick-up in imports,
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Fresh jobs indicators for May on Thursday suggested that second-quarter economic conditions would do little to spur recovery in the sick labor market.
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Minimum alcohol price in Scotland to be set at 50p a unit | Society | The Guardian - 4 views
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After resisting it for four years, Scottish Labour is also preparing to support the policy if Alex Salmond's government presses on with plans for a £130m "health levy" on supermarkets to claw back the £125m increase in their revenues from a 50p minimum price.
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said in January that inflation and a drop in alcohol misuse meant only a 50p cost would have a significant impact now.
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60 lives in the first year, and 318 a year within a decade. It would most directly affect alcoholics,
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Banks received 'implicit' taxpayer subsidy of up to £220bn, Bank of England s... - 0 views
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One of the major benefits to banks was lower borrowing costs, because the paper argues that witho
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he resulting cost to society of financial crises, not least the reduction in GDP, could far exceed the original implicit subsidy
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Gas survey reports its first price drop of the year - CNN.com - 1 views
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"We may see another five to 10 cents decline in the next few weeks" if crude oil doesn't rise, she said.
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Atlanta: $3.79 Boston: $3.95 Denver: $3.87 Houston: $3.85 Memphis, Tennessee: $3.72 Portland, Oregon: $4.02
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down more than 5 cents from two weeks earlier, when the average was just a few cents below the $4 mark.
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Gasoline supplies are plentiful, but crude oil prices had been "propping up" gasoline costs, she said. As crude oil prices have stabilized, gasoline prices have fallen.
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Even looking ahead to later in May, as the country enters peak driving season, prices might not jump if crude oil stays stable because gasoline supplies are flush
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How was price impacted? -average gas prices dropped by 5 cents (USA) -$3.91 for a gallon on average -below $4 mark -if crude oil prices stay stable another 10 cent change is expected -prices in peak season might not change because of the steady gasoline prices -average last year $3.88 three cents under current -
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BBC News - Toyota extends production cuts due to Thailand floods - 0 views
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The company said production in Thailand will remain suspended, while Japanese units will work at reduced capacity until 12 November.
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Toyota is the world's biggest carmaker.
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suspension of production in Thailand was expected to resulted in the loss of 69,000 units between 10 October and 5 November.
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to be down by 22,000 units between 24 October and 5 November.
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US and Canada by 50% due to shortage of parts.
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Japan Govt to expand routine vaccinations | The Jakarta Post - 4 views
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Japan Govt to expand routine vaccinations
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The health ministry has decided to add three immunizations--against cervical cancer and two infections that can cause bacterial meningitis
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subsidizing fees for the three vaccinations as an emergency measure since fiscal 2010
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subsidies are set to be terminated at the end of this fiscal year, the Health, Labor and Welfare Ministry plans to make the subsidies permanent
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among children
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termination of subsidies for those immunizations was seen as undesirable in light of the fact that an increasing number of young people have been diagnosed with those conditions
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routine vaccination program as soon as it can secure funding for them.
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Making all seven immunizations part of the routine vaccination program would cost 200 billion yen per year
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"It's strange to treat them differently just for budget reasons when they are all important vaccinations
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Panasonic may halve its 7,000-strong headquarters ‹ Japan Today: Japan News a... - 0 views
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aimed at speeding up decision-making
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rival Sony
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been badly hit by the appreciation of the yen,
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falling prices
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772.2 billion yen loss
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halve its 7,000-strong headquarters
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Renault backs electric cars with free chargers | Reuters - 0 views
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electric car
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o claim 10
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subsidy
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with volumes dropping sharply after filling advance
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about plug-in hybrids that
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BBC News - Australia cuts interest rates in a bid to boost growth - 0 views
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The bank cut its key rate to 3.5% from 3.75%.
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At the same time, domestic demand has also been stagnant despite efforts to spur consumption.
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There have been concerns that Australia's resources-led boom may be hurt by falling demand due to a slowdown in global growth.
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There have been concerns that Australia's resources-led boom may be hurt by falling demand due to a slowdown in global growth.
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There have been concerns that Australia's resources-led boom may be hurt by falling demand due to a slowdown in global growth.
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There have been concerns that Australia's resources-led boom may be hurt by falling demand due to a slowdown in global growth.
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There have been concerns that Australia's resources-led boom may be hurt by falling demand due to a slowdown in global growth.
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In China, one of the biggest markets for Australian commodity exports, both the manufacturing and non-manufacturing sectors have seen the pace of growth slow in May, raising concerns about a slowdown in its economy.
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Meanwhile there have been fears about the recovery in the US economy losing its pace after it reported weaker-than-expected jobs data for May.
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accommodative stance
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The country's housing market has seen prices fall and continues to remain subdued despite earlier cuts to the cost of borrowing
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More foreign currencies sold -- Shanghai Daily | 上海日报 -- English Window to Ch... - 0 views
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quantitative easing moves by the US Federal Reserve may increase liquidity worldwide and fuel the risk appetite of investors