Posts Tagged ‘percentage points’

Unemployment Jumps to 8.1%; 25 Year High

Friday, March 6, 2009 8:16 1 Comment

The US Labor Department reports that  US non-farm payrolls  fell by 651,000 in the short month of February bringing the US unemployment rate to 8.1%, the highest level in 25 years.
The number of unemployed persons increased by 851,000 to 12.5 million in February, and the unemployment rate
rose to 8.1 percent. Over the past [...]

This was posted under category: Economy, Jobs Tags: , , , , , , , , ,

China cuts interest rate, banks’ reserve requirements

Wednesday, November 26, 2008 8:08 1 Comment

China Wednesday reduced both its lending and borrowing rates by 1.08 percentage points in an effort to ease the money supply.  The Chinese central bank’s one-year yuan lending rate is now 5.58%, while the rate on one-year yuan deposits rate has been lowered to 2.52%.
The central bank also reduced bank reserve requirements by 1% for [...]

This was posted under category: Bear Market, Charts, China, Credit, Economy, Federal Reserve Tags: , , , , , , , , , , , , , , , , , ,
Legal Disclaimer All stock price information provided by Charting Stocks is for informational purposes only and is not intended for trading purposes. Neither Charting Stocks nor its affiliates guarantee the accuracy, completeness, or sequence of any stock price information or other data displayed or in the transmission of any stocks price information or data. The stock price information is not to be relied upon for trading, business or financial purposes and Charting Stocks and its service providers are not liable or responsible in any way for any damages, losses or costs arising from the reliance of this information or incurred as a result of the non performance, interruption or termination for any reason whatsoever of the stock price information provided. It is urged that you consult with your financial professional before making any decisions related to buying or selling securities.