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好消息。Unemployment creeps up U.S. jobless rate climbs a little less than expected in June; payrolls slashed

guest:guest

Unemployment creeps up

U.S. jobless rate climbs a little less than expected in June; payrolls slashed

July 6, 2001: 8:37 a.m. ET

NEW YORK (CNNfn) - The U.S. unemployment rate edged higher in June, the government said Friday, a hint of continuing weakness in the labor market.

The unemployment rate rose to 4.5 percent from 4.4 percent in May, the Labor Department reported, compared with Wall Street forecasts for a rate of 4.6 percent.

The economy lost 114,000 jobs last month versus forecasts for a loss of 40,000. The economy created a revised 8,000 jobs in May.

The report comes nine days after the Federal Reserve cut interest rates for the sixth time this year in a bid to prevent the United States from slipping into recession.

Stock futures remained lower after the report, pointing to a weak start for Wall Street. Treasury bond prices sold off after the report but then later regained ground

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Last Updated: 2001-7-6
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相约北美 / 移民留学 / 好消息。Jobless rate unchanged at seven per cent in June, says Statistics Canada，但是安省上升。此间人士对此上升贡献良多。 -guest:guest; 2001-7-6 {5332} (#122228@0)
本文发表在 rolia.net 枫下论坛July 6, 2001

Jobless rate unchanged at seven per cent in June, says Statistics Canada

Canadian Press

OTTAWA (CP) - The unemployment rate held steady at seven per cent in June as the economy shed a small
number of jobs, Statistics Canada said Friday.

The rate hasn't changed in four consecutive months, despite a sluggish economy. About 13,000 jobs were lost
in June following several months of moderate job creation. Analysts had actually expected a small increase in
jobs last month and the report of a small loss in employment could shake markets.

For the first half of this year, employment growth has been around 0.2 per cent, much slower than the
1.2-per-cent pace reported over the same period last year, StatsCan reported.

Employment among adult men rose by 19,000 in June but the rate for women over 25 showed little change.

But jobs for youth, aged 15 to 24, fell by 26,000, mostly in part-time, and that helped lower the overall
job-creation numbers.

Despite the loss of jobs in the economy last month, the number of people looking for work also dropped which
helped hold the jobless rate steady.

About 1.132 million people sought work last month.

Work in construction edged up by about 8,000 positions, while jobs were also created in the professional,
science and technical fields.

However, the recession in the manufacturing sector continued to cut into employment.

About 11,000 manufacturing jobs were eliminated last month for a total loss of 53,000 this year - a drop of 2.3
per cent.

That almost wipes out the dramatic employment gains of 55,000 in the sector during the last half of 2000.

Alberta's booming energy sector helped the province add 8,000 new jobs, but its unemployment rate edged up
to 4.6 per cent as more people looked for work.

In contrast, British Columbia lost 16,000 part-time jobs while in Ontario employment was little changed and its
jobless rate edged up to six per cent.

Quebec saw a jump in part-time work which offset a decline in full-time jobs but a drop in the number of
job-seekers pushed its unemployment rate down slightly to 8.8 per cent.

--

A quick look at June jobs (May in brackets):

Unemployment rate: 7.0 per cent (7.0)

Number unemployed: 1,132,100 (1,137,400)

Number working: 15,095,700 (15,108,700)

Youth (15-24 years) unemployment: 12.0 per cent (12.1)

Men (25 plus) unemployment: 6.2 per cent (6.2)

Women (25 plus) unemployment: 5.8 per cent (5.8)

--

Here's what happened in the provinces, with the May rate in brackets.

-Newfoundland 15.2 (15.6)

-Prince Edward Island 10.0 (12.0)

-Nova Scotia 10.1 (10.0)

-New Brunswick 10.5 (11.2)

-Quebec 8.8 (9.0)

-Ontario 6.0 (5.9)

-Manitoba 5.4 (4.9)

-Saskatchewan 5.6 (6.3)

-Alberta 4.6 (4.5)

-British Columbia 7.0 (6.8)

Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for
major cities but cautioned the figures may fluctuate widely because they are based on small statistical samples.
The previous three-month moving average is in brackets.

-St. John's, Nfld., 8.8 (8.1)

-Halifax, 6.6 (6.7)

-Saint John, N.B., 9.1 (9.7)

-Chicoutimi-Jonquiere, Que., 10.8 (11.1)

-Quebec, 8.8 (8.3)

-Trois-Rivieres, Que., 7.9 (8.2)

-Sherbrooke, Que., 7.2 (8.0)

-Montreal, 8.2 (8.0)

-Ottawa-Hull, 5.7 (5.6)

-Toronto, 6.0 (5.9)

-Hamilton, 6.5 (6.2)

-Kitchener, Ont., 5.7 (5.6)

-London, Ont., 6.3 (6.1)

-Oshawa, Ont., 5.2 (5.3)

-St. Catharines-Niagara, Ont., 6.4 (6.6)

-Sudbury, Ont., 8.1 (8.0)

-Thunder Bay, Ont., 7.7 (8.0)

-Windsor, Ont., 6.5 (6.8)

-Winnipeg, 5.2 (5.1)

-Regina, 5.9 (5.6)

-Saskatoon, 6.3 (6.3)

-Calgary, 4.2 (4.3)

-Edmonton, 5.3 (5.4)

-Vancouver, 5.5 (5.4)

-Victoria, 6.3 (5.8)更多精彩文章及讨论，请光临枫下论坛 rolia.net

好消息。Unemployment creeps up U.S. jobless rate climbs a little less than expected in June; payrolls slashed -guest:guest; 2001-7-6 {943} (#122230@0)
Unemployment creeps up

U.S. jobless rate climbs a little less than expected in June; payrolls slashed

July 6, 2001: 8:37 a.m. ET

NEW YORK (CNNfn) - The U.S. unemployment rate edged higher in June, the government said Friday, a hint of continuing weakness in the labor market.

The unemployment rate rose to 4.5 percent from 4.4 percent in May, the Labor Department reported, compared with Wall Street forecasts for a rate of 4.6 percent.

The economy lost 114,000 jobs last month versus forecasts for a loss of 40,000. The economy created a revised 8,000 jobs in May.

The report comes nine days after the Federal Reserve cut interest rates for the sixth time this year in a bid to prevent the United States from slipping into recession.

Stock futures remained lower after the report, pointing to a weak start for Wall Street. Treasury bond prices sold off after the report but then later regained ground
好消息。Demand for workers keeps dropping -guest:guest; 2001-7-6 {726} (#122248@0)
Demand for workers keeps dropping
Jul. 5, 2001. 06:46 PM
OTTAWA (CP) - The demand for workers continued to fall in June, extending a trend which began in November, a Statistics Canada survey indicates.
The agency's help-wanted index, which measures the number of help-wanted ads in 22 newspapers in 20 major metropolitan areas across the country, fell 1.8 per cent in June after slipping 2.4 per cent in May.

A rising index suggests employers are seeking workers, a falling index that they need fewer workers.

How the latest indicator translates into jobs gained or lost will be known Friday when Statistics Canada releases employment-unemployment figures for June. The unemployment rate was 7.0 per cent in May.
U.S. economy sheds 114,000 jobs in June -guest:guest; 2001-7-6 {3519} (#122315@0)
本文发表在 rolia.net 枫下论坛POSTED AT 8:59 AM EDT Friday, July 06

U.S. economy sheds 114,000 jobs in June

By TERRY WEBER
Globe and Mail Update

The struggling U.S. economy lost
another 114,000 jobs in June, the U.S.
Department of Labor said Friday in a
report that suggested continued
weakness south of the border.

The job-creation figures came well
below expectations. Economists'
forecasts had called for job losses for
the month to come in closer to 44,000.

According to Friday's report, U.S.
unemployment inched up to 4.5 per
cent from 4.4 per cent the month
before. Economists had predicted the
rate would rise to 4.6 per cent in June.

"Manufacturing experienced another
large job loss and wholesale trade
employment declined for the third
consecutive month," the U.S.
government department said in its
monthly report.

"Other major industry groups showed no significant change in employment over the month."

The report also said average hours worked in June remained steady at 34.3 hours a week.
Workers' wages grew 0.3 per cent to $14.29 (U.S.) in June, compared with $14.25 the month
before.

June's decline in job creation 更多精彩文章及讨论，请光临枫下论坛 rolia.net
好消息。WebMethods sees quarterly loss, will cut staff -guest:guest; 2001-7-6 {3488} (#122352@0)
本文发表在 rolia.net 枫下论坛POSTED AT 9:59 AM EDT Friday, July 06

WebMethods sees quarterly loss, will cut staff

Reuters News Agency

Fairfax, Vir. 更多精彩文章及讨论，请光临枫下论坛 rolia.net
Latest good news, Ericsson sees 2Q in line Mobil phone maker expects 2Q to match 1Q loss, may cut more jobs -guest:guest; 2001-7-6 {2501} (#122428@0)
本文发表在 rolia.net 枫下论坛Ericsson sees 2Q in line

Mobil phone maker expects 2Q to match 1Q loss, may cut more jobs

July 6, 2001: 12:40 p.m. ET

STOCKHOLM, Sweden (Reuters) - Swedish telecom equipment maker Ericsson is likely to post a second-quarter loss in line with expectations, but delayed deliveries of third-generation systems may force the firm to cut several hundred more jobs, an Ericsson source said Friday.

Ericsson (ERICY: down $0.33 to $4.60, Research, Estimates), which lost 4.9 billion kronar ($447 million) in the first quarter due to write downs in its handset business and falling margins, said second-quarter results won't be any better.

"Second quarter was as expected," the Ericsson source said. The world's biggest producer of mobile networks and fourth-biggest handset supplier, will release its second-quarter results July 20.

An Ericsson spokesman was not available for comment.

After British telecom equipment maker Marconi warned Thursday its profit for fiscal 2001 will fall short of estimates and it will cut 4,000 jobs, investors have been concerned more bad news could come from Marconi's (MONI: down $0.28 to $3.07, Research, Estimates) peers such as Ericsson and Nokia (NOK: down $1.28 to $19.07, Research, Estimates), strongly depressing their share price.

As part of its restructuring plan, Ericsson has launched a tough efficiency program that includes job cuts of up to 22,000 people, or one fifth of the workforce, but has said that unless the market rebounds in the second half, it could end the year in the red.

"As things stand now, some more job cuts in the systems factories will be necessary, unless we get more delivery orders before the end of the summer, because the company cannot afford to have factories standing idly," the source said.

"The job cuts are likely to be accompanied by some middle-management shake-up as well."

"It is part of the company's efforts to focus on returning to positive cash flow -- to move resources to areas that bring in money," the source said. Ericsson had a negative cash flow of 17.7 billion kronar in the first quarter and made a return to positive cash flow one of its top goals this year.

To end its losses on the mobile phone business, Ericsson outsourced all production to Singapore-based Flextronics (FLEX: down $0.55 to $23.66, Research, Estimates) and formed a mobile phone joint venture with Japanese consumer electronics maker Sony Corp. (SNE: down $4.23 to $56.22,更多精彩文章及讨论，请光临枫下论坛 rolia.net

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好消息。Unemployment creeps up U.S. jobless rate climbs a little less than expected in June; payrolls slashed

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