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US unemployment rate: The US unemployment rate has surged to a seven-month high in a blow to hopes for a recovery in the jobs market. The Labor1 Department says it rose to 9.8 per cent last month. Only 39,000 jobs were created, which is far below analysts2' expectations. And analysts are concerned that levels of high unemployment in the US is (are) undermining economic recovery.
It's been reported that Spain's government is considering raising taxes on tobacco as it tries to tackle its high budget deficit3. A Spanish newspaper says it would enable the government to raise an extra $1.3 billion a year. Earlier this week, Spain announced plans to sell off stakes in the country's airport authority and national lottery4 to try to improve the country's finances.
Meanwhile, new figures show eurozone retail5 sales returned to growth in October following two months of falls. They were up by 0.5 of a per cent from the previous month and 1.8 per cent higher than a year ago.
And to the market numbers now: US stocks closed the week down slightly after the disappointing unemployment figures. Wall Street lost 1.1 per cent. European markets also slumped6. London's FT100 shed almost 0.4 of a percent. The DAX also slipped slightly. The Australian share market finished the week up. And checking the currencies, the Australian dollar is about 99 US cents.
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1 labor | |
n.劳动,努力,工作,劳工;分娩;vi.劳动,努力,苦干;vt.详细分析;麻烦 | |
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2 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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3 deficit | |
n.亏空,亏损;赤字,逆差 | |
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4 lottery | |
n.抽彩;碰运气的事,难于算计的事 | |
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5 retail | |
v./n.零售;adv.以零售价格 | |
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6 slumped | |
大幅度下降,暴跌( slump的过去式和过去分词 ); 沉重或突然地落下[倒下] | |
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