U.S. lost 263,000 jobs during the month of September, while only a third of Spain lost
| Date: October 2, 2009 | Source: Economic @ 21 |
| Category: Economy | |
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Loading ... The U.S. economy destroyed 263,000 jobs during the month of September, while the unemployment rate rose a tenth to 9.8%, its highest level in 26 years, as published by the Department of Labor.
Thus, the U.S. economy has registered an increase of 7.6 million unemployed since the recession began in December 2007 and puts the total at 15.1 million unemployed.
However, the Labor Department said that between May and September, the monthly job losses averaged 307,000 layoffs, half against the destruction of 645,000 jobs per month recorded between November 2008 and April 2009.
Closer to home, in Spain, the number of unemployed registered at the offices of the National Employment Institute (INEM) rose by 80,367 people in September (+2.2%) equivalent to one-third of those who lost the U.S. and as expected, chained his second consecutive rise after August, the month in which unemployment rose by more than 84,000 people. Thus, in just two months more than 160,000 people have signed up to the lists of INEM.
Following the rise in September, the total number of unemployed in Spain stood at 3,709,447 people, according to data provided today by the Ministry of Labour and Immigration.
The rise in unemployment in September, the month in which unemployment tends to increase with some exceptions, is, however, lower than that recorded in the same month in 2008, when unemployment rose by 95,367 persons, marking the worst figure in the series this month. The increase in September this year and is the second worst record in the month since 1996, when the series starts comparable unemployment.
While it is heard in all media that rising unemployment is slowing and that the worst of the crisis has passed, no more than look at statistics to see how wrong we are, and that the current deceleration rate could be another 12 months to stabilize at minimum levels in Spain, for, from this point, begin a slow recovery, if the rest of the market helps. With this, we could see levels above the 4.5 million unemployed over 2010 if the situation does not change.
