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Job Losses Outnumber Job Creations by Almost Three to One

added: 04-05-2009

The European Restructuring Monitor (ERM) recorded a total of 721 cases of restructuring in the European Union between 1 January 2009 and 31 March 2009, involving some 220,000 announced job losses and 90,000 announced job gains. The sectors most affected by job loss were financial intermediation, auto manufacture and the retail trade. However, in terms of job creation, retail, and hotels and restaurants figured strongly, in particular discount stores and fast food outlets, which seem to be benefitting from the downturn.

Asia Must Preserve MDG Gains, Include Poor in Future Growth

added: 04-05-2009

The economic crisis threatens to reverse decades of progress in poverty reduction and governments must do what they can to ensure that gains made in recent years are not lost because of the slowdown, a seminar audience heard at the Asian Development Bank’s (ADB) 42nd Annual Meeting in Bali.

China: The Overall Energy Consumption Rebounded in the First Quarter 2009

added: 04-05-2009

In the first quarter, the growth of energy supply and consumption picked up, the energy consumption of key energy consumption enterprises declined month by month, and that of unit GDP continues to decline year-on-year.

Trade Flows Collapse in Q4 2008 but Signs of Falls Easing in Early 2009

added: 04-05-2009

Merchandise trade volumes of the Group of Seven (G7) took an unprecedented drop in the last quarter of 2008 compared with the previous quarter. However, provisional monthly data for January and February 2009 measured in value terms suggest a slowing down of the rate of decline.

"Business As Usual" Approach to Health Failing Women and Children in Asia

added: 04-05-2009

Despite decades of rapid economic growth, the Asia and Pacific region continues to suffer from surprisingly poor health outcomes for women and children, according to a new publication by experts in the Asian Development Bank (ADB) and nine other major international development agencies.

The Conference Board Reports Online Job Demand Down 100,000 in March 2009

added: 04-05-2009

Online advertised vacancies dropped 100,000 to 3,248,000 in March, according to The Conference Board Help-Wanted Online Data Series.

Bankrate: Fixed Mortgage Rates in Holding Pattern

added: 04-05-2009

Mortgage rates were little changed this week, with the average 30-year fixed mortgage rate remaining at 5.23 percent. According to Bankrate.com's weekly national survey, the average 30-year fixed mortgage has an average of 0.41 discount and origination points.

Financial Crisis Aa Opportunity To "Green" Asia

added: 04-05-2009

The global economic crisis presents challenges but also a golden opportunity for the Asia and Pacific region to move to a sustainable and cost-effective, low-carbon "green" path, a panel audience heard at the Asian Development Bank’s (ADB's) 42nd Annual Meeting.

25 Percent of Companies Increasing IT Investments Despite Volatile Economy

added: 03-05-2009

More than 25 percent of companies are increasing their investments in information technology (IT) this year, according to the Value of IT Investments survey of more than 500 IT professionals in the US. Conducted by ISACA, a nonprofit association serving 86,000 IT governance, audit and security professionals in 160 countries, the survey also found that only 16 percent of companies are making across-the-board cuts in IT spending and 14 percent are freezing at current levels.

Euro Area Unemployment up to 8.9% in March 2009

added: 03-05-2009

The euro area (EA16) seasonally-adjusted unemployment rate was 8.9% in March 2009, compared with 8.7% in February. It was 7.2% in March 2008. The EU27 unemployment rate was 8.3% in March 2009, compared with 8.1% in February3. It was 6.7% in March 2008.

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