Word: joblessness
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Dates: during 2000-2009
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...memory. As unemployment rises throughout the region, government officials and executives from Tokyo boardrooms to New Delhi ministries are scrambling to find ways to minimize mass layoffs. Part of the urgency, especially in countries like China, is to reduce the risk of social unrest as the number of jobless escalates. But part of the motivation is a very Asian perception of corporate responsibility. "For each (employee), I believe, the workplace exists not only for earning a living, but also for making friends, growing up and making a contribution to the society," Akio Toyoda said after being named the new president...
...rate, which lags what's going on in terms of economic production, tells us more about what has happened than where we're headed - and the forward-looking news is equally grim. On Feb. 5, the Labor Department reported that 626,000 people made first-time claims for state jobless benefits in the week ending Jan. 31, more than economists expected and the most since 1982. The total number of people collecting unemployment now stands at nearly 4.8 million, the most since at least 1967, though the U.S. had about a third fewer people then...
...China Back to the Countryside In a further example of China's faltering economy--exports and overall growth were down significantly in the fourth quarter of 2008--some 15% of its migrant workers are now jobless. This labor force, composed of rural peasants who travel to cities for factory jobs, is the backbone of the country's manufacturing sector. The Chinese government has said it may increase its $585 billion stimulus plan...
Since that speech, Putin has begun talking a little more openly about the issue. During his Dec. 4 television appearance, the first question to him came from Dmitry Salnikov from the village of Tirlyansky, near the Urals region of central Russia. "We are a young and currently jobless family," said Salnikov. "Most locals are also unemployed because they used to work for the metallurgical sector. What are we supposed to do in this situation?" Putin's answer: "Private and public authorities will have to draft an entire range of measures in an effort to preserve jobs...
...shifting under the feet of countless Americans. In December, for the first time on record, unemployment rose in all 50 states and the District of Columbia. On Jan. 26, U.S. firms announced more than 70,000 layoffs, then came back the next day with thousands more. Michigan's jobless rate is in the double digits, and it may soon have company...