“…In other words, had all of California’s jobless claims been processed in time to make the jobless-claims release, this jobless number would still have been better than economists were expecting–but not as much better as it appeared…”
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Amid mass unemployment and insecurity over the euro, a parallel economy is evolving in Spain. It’s based on time banks, where services are exchanged in a barter-style system. DW met with some of the people using them.
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As Dow Jones reported: “A Labor Department economist said one large state didn’t report additional quarterly figures as expected, accounting for a substantial part of the decrease.”
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Christine Lagarde has called for decisive action from world leaders to end uncertainties in the global economy that are prolonging “terrifying and unacceptable” levels of unemployment.
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France, the euro zone’s second-largest economy, has soared above the three million jobless barrier for the first time since 1999.
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Unemployed Spaniards will be drafted in to help clear up brush and replant forest land that has been destroyed by wildfires. And if they refuse, they may lose their state jobless payments.
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Protesters in Madrid rallied against a government move on Friday that will make it harder for the unemployed to claim benefits.
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Latest employment figures show the Dutch jobless total rose to 500,000 or 6.5% of the working population in July, the national statistics office CBS said on Thursday.
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According to a Labor Department press release, the news announcing jobless claims data was placed in an automated software system on August 8 in preparation for being posted on the Internet on August 9. Two weeks ago, new testing procedures were implemented for the automated system
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As the effects of years of recession pile up here, more and more Spanish families � with unemployment checks running out and stuck with mortgages they cannot pay � are leaning hard on their elderly relatives. And there is little relief in sight.
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