German corporate bankruptcies rose in 2009 for the first time in six years, with filings up 15.5 percent on the year in December in the wake of recession, government data showed Tuesday.
The Federal Statistical Office said 2,583 companies filed for bankruptcy protection in the last month of 2009.
The year-on-year increase compared with a smaller 6.9 [...]
Posts Tagged ‘unemployment rate’
German bankruptcies up 15.5 pct in December
March 9th, 2010 by HardMoney Writer
Tags: central bank, corporate bankruptcies, german bank, unemployment rate
more...Record number of young Americans jobless
January 26th, 2010 by HardMoney Writer
The U.S. economic recession has taken a particularly heavy toll on young Americans, with a record one out five black men aged 20 to 24 neither working nor in school, according to research released on Tuesday.
Teenagers have found it significantly harder to get a job since the recession began in late 2007, with black youths [...]
Tags: job, jobless, news, unemployment rate