Weak Japan economic data bolsters new Prime Minister Shinzo Abe more ammunition to push for big spending and easy money to salvage the world’s third largest economy from decades of deflation. Today’s graphic shows a snapshot of five years of Japan’s economy through four key economic indicators.
Last week, Yoshihiko Noda became the longest serving Japanese prime minister since Junichiro Koizumi stepped down in 2006 after five years in office. Since it seems as though a loss is looming, a comeback from behind would be nothing short of a political miracle. But since the vote is unlikely to produce a clear winner, a solid election result could keep Noda’s party in play if some sort of coalition is formed. Today’s graphic looks at key economic indicators during the tenures of Japanese prime ministers since 2000.
Former Federal Reserve chief economist David Stockton warns the U.S. economy would see unemployment spike to 9% if lawmakers fail to reach agreement and the fiscal cliff takes effect in January 2013, with Bush-era tax cuts expiring and automatic cuts in federal spending taking effect.
Greece’s parliament overcame divisions today to defeat an early challenge to an austerity package needed to secure vital international aid, but it still faced internal dissent and angry protests ahead of a final vote. Today’s graphic breaks down the austerity plan.
Angela Merkel braved Tuesday’s protests in Greece to reaffirm her commitment to keeping the debt riddle country in Europe’s single currency. Today’s graphic compares the economies of Greece and Germany using charts of 8 key economic indicators.
Youth unemployment has hit hardest in the south of Europe, but the north is not immune. Significantly, substantial numbers of young people are not in employment, education or training (known as NEET). Today’s graphic breaks down the unemployment & NEET rate for each European country.
The number of planned layoffs at U.S. firms declined 23% in August after rising for three straight months, with the government sector again leading the job cuts. Planned layoffs fell to 32,239, the lowest level since December 2010. Today’s graphic tracks overall planned layoffs and unemployment since 2008, as well as in 5 key sectors.
Around the globe, young college graduates are unable to find job in the fields they studied. Instead, many are eking out a living in the service industry. Reuters photographers captured images of this ”jobless generation.”
Moody’s has highlighted the risk to Dutch government bond credit ratings from the euro zone debt crisis and the country’s high level of mortgage debt. The country, by some measures, has the highest per capita mortgage debt of all 27 EU members at 105% of GDP. Today’s graphic looks at the Netherlands economy, using 8 charts of key economic indicators.
Today’s graphic has different maps showing unemployment and gasoline prices by state. Those figures are then added together in the bar chart showing the 5 best and 5 worst. Are you surprised by any of the states listed in this new misery index?