By Victor Mallet in Madrid After fewer than six months in power, the Spanish centre-right government of Mariano Rajoy faces the possibility of a political and financial catastrophe it was once confident it could avert: With capital leaving the country and interest rates on Spanish sover- eign debt already nearing unsustaina- bly high levels — year bond yields were above 6. None of the three main choices is particularly palatable for Spain, and all involve risks for the Spanish, European and global economies, but they would have distinctly different political and economic outcomes.
Nonfarm payrolls fell 54, as jobs were lost in the government sector, and the unemployment rate edged back up to 9. Labor Department on Friday, Sept 3. Economists had forecast a loss of aboutjobs, along with a rise of about 41, in private sector payrolls.
Obama said his administration would announce new measures next week to help the economy. While the jobs data tamped down concerns the recovery could stall, a second report on Friday showed growth in the dominant services sector hit a seven-month low in August, underlining the sluggish nature of the economic recovery.
While the unemployment rate edged up to 9. The loss of census jobs and layoffs at cash-strapped state governments, pushed down federal government payrolls bycompared to afall in July.
The data also suggested corporate America may be beginning to take on workers again after an initial burst of hiring and production last year to restock shelves left bare during the deepest recession in generations. Temporary help services, seen as a harbinger of future permanent hiring, rebounded 16, after falling in July for the first time since September.
Manufacturing jobs fell 27, after gaining 34, in July. While the average workweek was unchanged at There was also a glimmer of hope for the long-term unemployed. The number of people out of work for 27 weeks and more fell bylast month to 6.
The scarcity of jobs has hurt consumer spending, which normally accounts for about two-thirds of U. Economic growth slowed markedly in the second quarter this year and Federal Reserve Chairman Ben Bernanke said last week the central bank stood ready to take fresh steps to bolster the economy if needed.
Some analysts had expected the Fed to announce an expansion of its bond buying program at its upcoming meeting on Sept. But the White House cautioned that the measures should not be seen as a second stimulus package. Lawmakers are in no mood to approve a big new spending plan that would add to the fiscal deficit.Comparing Levels of Development between Japan and Brazil Within this assessment, I will cover and compare several factors between the development of Japan and the development of Brazil.
Japan is a MEDC, which is a More Economically Developed Country and Brazil is an LEDC, a Less Economically Developed Country.
Feb 20, · f Tu For Later. save. Related. Info. Embed. Share. Print. Search. Related titles. null. Miliband Speech. come down to a bitter face-off in Brussels today between the Greek and German finance ministers, after Berlin Comparing coffers Top 10 Labour donors Q4 Top 10 Labour donors Q4 £1,, Nigel Doughty.
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Comparing Levels of Development between Japan and Brazil Within this assessment, I will cover and compare several factors between the development of Japan and the development of Brazil. Japan is a MEDC, which is a More Economically Developed Country and Brazil is an LEDC, a Less Economically Developed Country.