Slower growth in Asia Pacific as recovery continues
Nearly one year after Japan’s devastating earthquake, the region continues to recover. But the picture was less bright in other parts of Asia-Pacific, as the economy slowed. Read More »
In The World
While some gains are made, unemployment remains high in North America
On February 3rd, millions of Americans celebrated one of the most positive jobs reports that have been released since President Barack Obama was inaugurated more than three years ago. According to the BLS’s “The Employment Situation – January 2012” report, roughly 243,000 jobs were added to the national economy in January. The BLS also found that the United States’ unemployment rate had fallen to 8.5 percent – the fifth consecutive month in which the rate has declined. The United States has not recorded such an optimistic streak since 1994. Read More »
As the euro continues to devalue, Europeans remain concerned about their financial futures
As citizen protests continue, the value of the euro declines, and the threat of a double-dip recession looms, millions of European residents are coping with growing concern. Many fear they may have no choice but to leave the region altogether and begin an entirely new career thousands of miles away from their homes. Others are concerned about the financial futures of their children and grandchildren, unsure of their future as economic insecurity worsens. Read More »
North America reported significant job growth in December
After months of disappointment in regards to high national unemployment figures, the United States and Canada finally recorded some significant job creation in December. According to the BLS’ monthly jobs report, 120,000 new jobs were added to the national economy throughout the month, as the unemployment rate dropped to 8.5 percent for the first time since February 2009. Read More »
As Europe strives to stay afloat financially, business and consumer confidence remain low
From 2007 to 2009, many worldwide economists and media outlets were especially focused on the economic downfall of the United States, fearing that, if recovery did not occur soon, several other countries would face an economic recession similar to, or even worse than, the United States. Read More »
Asia Pacific prepares for a more stable economic future, while continuing to recover from 2011′s financial storms
For thousands of Asia Pacific residents, New Year’s Eve was a night to remember. To celebrate the beginning of a new year, many citizens gathered with family members and friends to watch the television coverage of various nations’ 2012 festivities, while others chose to light fireworks or simply relax and reflect on the past year. Read More »
North America’s high inflation and unemployment was likely inevitable in November
Much like Europe, the economic forecast remains quite cloudy in the United States. Despite the BLS’s positive November jobs report, which showed that unemployment had decreased to 8.6 percent in the United States, the nation’s economic recovery has likely just begun. Read More »
Europe’s business and consumer confidence indexes decreased in November
During the month of November, two economic factors – business and consumer confidence rates – were well documented throughout Europe as both rates continued to drop well below the usual averages. Read More »
Asia Pacific’s consumer prices remained considerably high in November
Without a doubt, the ebbs and flows of the global economy continued to impact Asia Pacific throughout November.
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High inflation and unemployment affects North American citizens livelihoods
Although the United States noticed a minor decrease in national unemployment in October, from 9.1 to nine percent, Canada’s unemployment rose from September to October, from 7.1 to 7.3 percent. At the same time, consumer prices were also quite high throughout North America, as clothing and food prices, among others, continued to rise. Read More »
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