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May 28, 2010

Japan unemployment rate unexpectedly increases
Recovery from worst post-war recession hindered

It would be a big upgrade were we so afflicted.

...The jobless rate rose to 5.1 percent from 5 percent, the statistics bureau said today in Tokyo...
In other news, UK Consumer Sentiment unexpectedly dropped
...An index of sentiment fell to minus 18 from minus 16 in April, the market researcher said in an e-mailed statement today in London. Economists had forecast that the gauge would be unchanged...
Americans apparently aren't gushing confidence either; its predicted they'll be spending less on vacation travel this summer than even last year.
...AAA estimates families will spend an average of $809 on summer travel, compared with $876 in 2009, even though flying is more expensive than it was a year ago. They're knocking down the cost, travel agents say, by staying closer to home, choosing less-expensive modes of transportation or by picking destinations based on the best fares and lodging they can find...
This sharp decrease in vacation spending is apparently linked to the vaunted bazillion new jobs saved/created and drunken sailor style spending spree those frolicking new job holders have embarked upon.
Pay no attention to the man behind the curtain


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posted by Purp at 08:41 AM

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