Unemployment Situation May 2009

May 4th, 2009

Those of you coming to BlackPerspective.net looking for the May release of Aprils Unemployment numbers, they won’t be out until Friday May 8.

That is now out; see the release here: May Unemployment Data

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You can find the February, March and April releases here.

In the mean while, while waiting on April’s U.S. numbers; check out some global unemployment headlines:

EU Cuts UK GDP Forecasts
BRUSSELS (Dow Jones)–The U.K. economy will contract by 3.75% in 2009 and only begin growing again by late 2010, the European Commission said Monday in a grim assessment of the damage that the financial crisis will inflict on the U.K.

The commission’s latest forecast marks another downgrade of the U.K.’s economic prospects. The commission’s previous forecast, released in January, said the U.K. economy would contract by 2.8% in 2009. The previous forecast said the U.K. economy would grow 0.2% in 2010 compared with the current assessment of 0.1%.

The U.K. unemployment rate will rise to around 10% in late 2010 and average 9.4% for 2010, the commission said, an increase over its January forecast of an average unemployment rate 8.1% in 2010.

REFILE-Canada’s Ignatieff to push Harper on unemployment aid
By Allan Dowd

VANCOUVER, British Columbia, May 3 (Reuters) - Liberal leader Michael Ignatieff said on Sunday his party was ready to force changes in unemployment aid to deal with the growing recession.

Ignatieff, who was reaffirmed on Saturday as leader of Canada’s main opposition party, said with unemployment rising across the country, Canada needed to enact a national standard for when the newly jobless workers qualify to receive Employment Insurance.



posted in News & Events, Social Commentary, Socio-Economic | | | View blog reactions |


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About The Blog

  • D. Yobachi Boswell

  • Yobachi Boswell is creator and publisher of BlackPerspecitve.net. I’m a writer, activist and political watcher based in Nashville, Tennessee. I’ve also been know to do some spoken word and MCing in my day.

    I created this site to give new voice to socio-political issues that are in need of thoughtful consideration and redress.

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