The number of people unemployed in the UK rose by 53,000 to 2.51 million during the three months to March, official figures have shown.
The unemployment total is now at its highest level since December 1994.
However, the total number of people claiming unemployment benefit fell in April by 27,100 to 1.52 million – a sharper fall than expected.
The rate of unemployment remained at 8%, the Office for National Statistics said.
BBC News
Statistics Canada reported today that Retail Sales rose by 0.8 percent in August to $34.5 billion (USD$32.9 billion) due largely to an increase in gasoline prices and new car sales. Without gasoline and car sales included in the total, retail sales would have registered only a 0.4 percent increase.
Yahoo News
During the first nine months of the year, China’s economy grew at a rate of 7.7 percent with the third quarter realizing an 8.9 percent in GDP thanks largely to a stimulus plan that pumped 4 trillion yuan ($586 billion) into a wide range of infrastructure projects. Despite the positive news, concerns over the state of the US economy – China’s number one customer – still has some analysts worried that once the effect of the stimulus spending has run its course, growth could slow if China’s trade partners are not able to pick up the slack.
Yahoo News
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