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Last updated: 12:58:11 Wednesday Nov 25, 2009


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  • Weekly jobless claims drop below 500,000
    WASHINGTON - In a hopeful sign, the number of newly laid-off workers filing claims for unemployment benefits fell more than expected last week, dropping below 500,000 for the first time since January.   Nations:U.S.   Activities:2008 U.S. Layoff Crisis   2009-11-25

    Britain is last major nation in recession
    LONDON (AFP) - Britain remains stuck in a record recession, official data showed on Wednesday, but economists forecast a return to growth before the end of the year ahead of a general election.   People:Gordon Brown   Activities:2008 U.K. Recession   Source:(AFP)   2009-11-25

    U.S. consumer spending rises, jobless claims tumble
    WASHINGTON (Reuters) - U.S. consumer spending rose more than expected in October, while new applications for jobless aid last week fell to their lowest level in more than a year, suggesting the economic recovery is gaining traction.   Activities:2008 U.S. Recession   Source:(Reuters)   2009-11-25

    Europe's recovery will be 'gradual': OECD
    PARIS (AFP) - The eurozone has snapped out of recession sooner than expected but recovery will be slow, with annualised growth of 0.6 percent in the fourth quarter, the OECD said on Thursday.   Nations:France Luxembourg Slovakia Portugal Finland Netherlands   Activities:2008 EU Recession   Source:(AFP)   2009-11-19

    Singapore declares its recession over
    SINGAPORE (AFP) - Singapore on Thursday declared a severe recession over after two straight quarters of growth and predicted the economy would expand by up to 5.0 percent in 2010.   Nations:Singapore   Source:(AFP)   2009-11-19

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