Even though world economies have succeeded in getting rid of a global deep recession, in the meantime, such economies could not escape the unemployment rate ghost.
Today, the mayor economies in the world are experiencing a deep recession, with the US, UK, EU, & Japan, taking their reference rates to a level closer to “0”.
Federal Reserve Chairman Ben S. Bernanke said the U.S. is facing ``grave threats'' to financial stability and warned that the credit crisis has started to damage household and business spending. ``Economic activity appears to have decelerated broadly,''
