March 2009 Unemployment report came out. At first glance, it appears slightly worse than analysts expected: 8.5% and 663,000 jobs lost. At second look, it's actually worse. First, from Calculated Risk: Employment Report: 663K Jobs Lost, 8.5% Unemployment Rate From the BLS: Nonfarm payroll employment continued to decline sharply in March (-663,000), and the unemployment … Continue reading March 2009 Unemployment Report- Actually worse than 8.5%
Now, with world leaders gathering this week in London to plot a response to the gravest global economic downturn since World War II, the fund is becoming a chip in a contest to reshape the postcrisis landscape. via Rising Powers Challenge U.S. on Role in I.M.F. - NYTimes.com.