The important rise of US unemployment disturbs world finances

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The number of new unemployed in the United States surged during the week ended Nov. 15. 542,000 new cases were filed, according to seasonally adjusted data published Thursday by the U.S. Department of Labor. Analysts on average were expecting 513,000 new beneficiaries. Daily Finance and Investment Tips / Make Money by Learning

Such developments have negatively influenced global finance. If the euphoria was little bet before the publication of these figures very bleak, remember that to go back to the end of July 1992 to find a number of new applications exceeds the value of the day.

This new rise once again exceeded the expectations of analysts, illustrates the deterioration of the labor market in the United States, while the unemployment rate reached 6.5% in October, its highest level for fourteen years. The Federal Reserve table now on an index close to 7.6% for 2009.

On average over four weeks, a figure seen as more representative, the number of new registrations has increased compared with last week from 490,750 to 506,500 level that had been recorded since January 1983.

According to the ministry, unemployment compensation stood at 3.0% for the week ended November 8, or 0.1 percentage point above the previous week. Not since the end of June 2003 to find a similar level.

This corresponds to 4012 million unemployed (109,000 more than the previous week) or higher since Christmas 1982.

Faced with this further proof of the rapid deterioration of the labor market and economic outlook for the U.S., the dollar remained lower against the euro Thursday in late European trading. Towards 17H00 GMT (18H00 Paris), the euro bought 1.2521 dollars against 1.2508 Wednesday evening.

The greenback has indeed suffered heavily from the element of surprise created by unemployment figures published Thursday in the European exchange.

In response to these figures, the White House has argued for the first time openly the idea of extending the duration of unemployment benefits. Such a slap imposed liberalism and gives an idea of the magnitude of the crisis across the Atlantic ....