Hi!

US-Zahlen gibt es heute später, daher mal etwas Anderes, die aktuelle Arbeitslosenstatistik aus Argentinien, der gesamte Text:

Die Arbeitslosenquote stieg auf 16,4% von zuvor 14,7%.

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<ul> ~ die Zahlen:
~ Formal sector unemployment in Argentina now measures 16.4%
~ The existence of a very large informal labor market, however, suggests that the true incidence of joblessness is much larger.
~ Argentina’s economy contracted at an annualized pace of 2.1% during the first quarter of 2001.
~ Wages are contracting by better than 2% on a year-ago basis.
~ Interest rates on short-term external debt have climbed above 20%.

hinter den Zahlen:
As the Argentine economy sinks deeper into a recession, the effects will be increasingly manifest in the weak labor markets, which lack support for the poor. Further, the meager social safety net that did exist is rapidly being undercut by the need to restrict government spending. Over the last half of the 1990s, the central government allowed budget deficits to grow unchecked. In doing so, the country accumulated large foreign debts, which it must service with dollars earned through trade or foreign direct investment. While FDI has remained strong, thanks in part to privatization, international trade has suffered from the effects of a worldwide slowdown and a severe devaluation in Brazil.
Additionally, because much of that debt was short term, it was subject to refinance risk— the risk that it would be rolled over at higher interest rates, and drive up debt service costs. This is exactly what has happened. As international investors have become concerned about Argentina’s ability to reform government spending and tax collections, they have required a higher interest rate from the government as compensation for the perception that the risk of a fiscal implosion was rising.

Economy Minister Domingo Cavallo has been largely successful at pushing reduced spending
measures through Argentina’s congress. Recently, Argentina’s opposition governors have agreed to drastic spending cuts in order to achieve a zero deficit for the federal government. Labor unions are opposing the austerity measures, however, and have called for general strikes.

International investors are eyeing the increasingly chaotic country with a twitchy nervousness, and are beginning to withdraw liquidity from the financial system. In doing so, they are severely straining the county’s multi-currency system, where dollars and pesos circulate on the street together, and more than two-thirds of bank loans are denominated in dollars.

Link zu den argentinischen Arbeitslosenzahlen</ul>

schöne Grüsse
Cosa

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