Unemployment in the United States could reach a peak in the II half of 2010
Aug 3rd, 2009 | By admin | Category: Main NewsUnemployment in the United States could reach a peak in the second half of 2010 will probably require a further increase in unemployment benefits, the Minister of Finance approves the United States Timothy Gaytner.
U.S. GDP in the second quarter of 2009 decreased by 1% year on year, while analysts on average forecast a significant decline - at 1.5%, reported Bloomberg referring to data from the Ministry of trade. Nevertheless, the drop rate for the first quarter was revised from 5.5% to 6.4%, the maximum decline in 27 years.
stabilization of the real estate market and consumer spending, reducing the number of problems in the financial sector, increased government spending suggests that the prolonged recession in the United States from the 1930's is coming to an end.
There are signs of easing recession - said Gaytner. - A wide range of private Forecasters agree that in the second half of this year will be marked by positive growth, which is then continued.
however, not clear yet how this can become an active growth, the minister said.
Free Fall of the U.S. economy has ceased, despite the high unemployment rate, and now have concerns about depression, believes director of the National Economic Council United States Lawrence Summers.
According to Summers, the increase in unemployment caused by the fact that business is responding to the deteriorating economic situation, rather than the failure of the government incentives. According to a leading adviser to U.S. President Barack Obama on economic issues until the creation of new jobs to the less than 10% of funds under the incentive program, but then these amounts will be increased.
U.S. administration was still waiting for that incentives can help create or retain at least 3 million jobs. Summers added that many teachers and police officers now have a job thanks to additional government funding.
main problem, according to officials, is that the state of the economy last year was worse than many economists had expected.
week before U.S. Federal Reserve head Ben Bernanke said that unemployment in the United States could exceed 10%, despite the overall economic recovery. In June, the unemployment rate was 9,5%.
SP, Moody's and Fitch did not want to respond to Lehman Brothers ratings
The ex-head of the Fed: In the near future unlikely to increase the discount rate
Growth Hormone
Stock indices in the United States rose on Friday on the GDP data, futures for the pros on Monday
Deposits of legal entities - Market Review
Deposit for private individuals - Market Review
Loans to legal entities - Market Review
Loans to individuals - Market Review
Stock indexes rise in Asia on promproizvodstve in China and arrived Mitsubishi UFJ
