Friday, March 14, 2008

Globally, It's Not All Gloom and Doom.....

SINGAPORE--Singapore's employment jumped by a record 234,900, or 9.4%, in 2007, surpassing the gains of 176,000, or 7.6%, in 2006. The Singapore Ministry of Manpower attributed the increase to last year's robust economic growth of 7.7%.

MUMBAI--The Manpower Employment Outlook Survey for the second quarter of 2008 released reveals that the job market in India is expected to remain vibrant. Of the 32 countries and territories surveyed globally this quarter, hiring intentions among Indian employers continue to be among the most optimistic in the world with an overall Net Employment Outlook of +36%. Employers in all eight countries and territories surveyed across the Asia Pacific region anticipate positive hiring activity for the second quarter of 2008.

TORONTO--Canadian employers expect a positive hiring climate for the April to June period of 2008 according to the latest results of the Manpower Employment Outlook Survey, the most extensive, forward-looking employment survey in the world.

SYDNEY--Australia's unemployment rate dropped to a fresh 33-year low of 4.0% in February, according to official data released today. The Australian Bureau of Statistics said the seasonally-adjusted unemployment rate fell from 4.2% in January as the number of full-time jobs in the economy jumped. The jobless rate, which came in below market expectations of 4.2%, is the lowest since data was collected in its current form in 1975.

5 Comments:

At 3/14/2008 8:32 AM, Anonymous Anonymous said...

U.S. Treasury debt prices extended gains on Friday, after a prominent economist said the U.S. economy is now in a recession which could be acute.

Former National Bureau of Economic Research President Martin Feldstein said that the current recession could be "substantially more severe" than the last few.

http://www.reuters.com/article/bondsNews/idUSNYG00098120080314

Not so fast.

 
At 3/14/2008 9:05 AM, Anonymous Anonymous said...

Vanguard Group Inc. founder John Bogle, a longtime critic of short-term trading, said an ``orgy of speculation'' has led to foreign investors gaining too much influence over the U.S. economy.

``We should have never let ourselves get into this position where so many dollars are being held by foreign countries and bought by foreign countries that are enemies,'' Bogle said today in an interview with Bloomberg Television.

http://www.bloomberg.com/apps/news?pid=20601087&sid=adS8V9d5U7oI&refer=home

 
At 3/14/2008 9:36 AM, Anonymous Machiavelli999 said...

The proverbial shoe has dropped today. Bear Sterns is near bankruptcy.

 
At 3/14/2008 12:52 PM, Anonymous fred said...

That's OK. The near bankrupt (have you seen their derivitives book?) JP Morgan will prop up Bare Sterns. JP Morgan will in turn be propped up by the Fed.

 
At 3/14/2008 7:03 PM, Anonymous Anonymous said...

The real damage is the damage done to consumer confidence.

 

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