The economic crisis continues.
US industrial production fell in February for the fourth consecutive month. Output contracted in ten out of the last twelve months, according to figures released Monday by the Federal Reserve: here.
California: Thousands of unemployed workers line up at San Diego jobs fair: here.
As a result of the worldwide capitalist crisis, Latin America’s economies have suffered a massive drop in exports, production and consumption, resurrecting old fears of the continent’s countries going into default: here.
Britain: Today marks the 10th anniversary of Tony Blair’s promise to eradicate child poverty by 2020, but about 30% of children remain beneath the breadline. Amelia Gentleman reports: here.
FEBRUARY’S record rise in the jobless total could soon see new Labour presiding over a level of unemployment even higher than in the Thatcher era, union leaders suggested on Wednesday: here.
Unemployment in Turkey has risen to record levels, with many branches of industry in free-fall: here.