The crisis is still news, and in this case no longer affects the workplace. This time coming from the hand of a Commerce Department announces the United States, who reported this morning by the setbacks that occurred during March. This is another historical level in the fall in employment.

The data are consistent with estimates of analysts and investors determine stock. More precisely, the U.S. government reported that the unemployment rate rose to 8.5% in March, a rate unknown in more than a quarter century. During that period, it lost 663,000 jobs, according to detailed and the U.S. Commerce Department. In January, the month that the economy had a net loss of 651,000 jobs, the

unemployment rate stood at 8.1% of the workforce, the highest in 25 years.It is worth remembering that since the recession began in December 2007, the United States economy has lost 4.7 million jobs. The eliminations of jobs in January and February so affected the services sector and the manufacturing.

Some days ago, the Commerce Department reported that the number of weekly applications for unemployment benefits rose 12,000 last week and came to 669,000, the highest since October 1982.

The average number of applications in four weeks rose by 6,500, reaching 656,750, which is also the highest position since October 1982.

In the week before, the number of individuals receiving the subsidy, paid by state governments, rose by 161,000, reaching a record 5.73 million, 96% higher than last year.

The four-week average of number of people still receiving unemployment checks rose by 163,500, reaching a record 5.5 million, according to government data.

The weekly application data reflects the rate of loss of jobs and the number who continue to receive the grant shows how difficult is getting a new job.

With job loss, other problems begin to emerge that are logical consequences of a direct inactivation of liquidity. Basically what occasionally happen is that those who have incurred claims are unable to solve them, as many heads of families have lost their jobs, or let be a priority before the recession.

Over time, with a delay of at least 30 days rose 3.22% in the last quarter of 2008 from 2.29 the previous quarter. More U.S. consumers fell behind on payments on their loans than in the past and the problem could worsen as millions of those out of work.

According to the Association of American Bankers, which represents the majority of banks and credit card companies in the U.S., the seasonally adjusted percentage of consumer loans with a delay of at least 30 days up to 3, 22% in the October-December period from 2.29 the previous quarter.

The ABA (English acronym of the association) said fourth-quarter rate was the highest since measurements began in 1974, with arrears rising in almost all categories.

According to the association, it is unlikely that these improved credit trends before 2010. Job losses really hurt the economy and continue to inflict pain for several more months, he said in an interview James Chessen, ABA chief economist. I also add that the bigger the job losses are more severe the impact on credit markets.

In the case of mortgages, is the situation more worrisome, a steady decline of interest is necessary to quell the record wave of foreclosures and, in turn, stem the decline in property prices. Mortgage rates in the U.S. fell to record lows last week.

The 30-year mortgage rate average fell 0.07 percentage points in the week ended April 2 at 4.78%, the lowest result since Freddie Mac began tracking weekly in 1971.

This rate is 1.10 percentage points lower than in the same week last year.

Mortgage rates followed by further lower interest rates this week amid reports of slower economic growth, said Frank Nothaft, chief economist at Freddie Mac said in a statement.

Serving as a stimulus to sales, the ability to access housing highs reached in February 2009, based on a survey of the National Association of Realtors, which also dates to 1971, he added.

A sustained drop in mortgage rates is necessary to quell the record wave of foreclosures it cut prices and home sales.

Freddie Mac reported the average interest rate on a 15-year loan fell to 4.52% from 4.58% the previous week and 5.42% from a year earlier.

In the case of Germany, the situation is very different. With the increase in March, the jobless rate stood at 8.6%, representing over 3.5 million people, according to the German government.

The number of unemployed in Germany in March rose 34,000 to a total of 3,586,000, equivalent to 8.6% of the workforce, a tenth higher than the previous month, according to the Federal Labor Office given to meet in Nuremberg.

In March 2008, there were 78,000 fewer unemployed and the rate stood at 8.4 percent.

In terms corrected for seasonal factors, the number of unemployed in March rose 69.000, to 3,401,000. In the eastern federal states, those belonging to the former German Democratic Republic (GDR), unemployment fell 12,000, while in the west, a much larger territory, it did 57,000.

The president of the institution, Frank-Juergen Weise said that unemployment increased as a result of economic recession. The cyclical weakness is felt increasingly in the labor market.

The three major indicators showed a negative trend: unemployment rose, the number of insured employees fell and demand for labor continued to fall.

Also cuts the workweek mandated by many companies helped to stabilize the labor market. According to the Bureau of Nuremberg from November 2008 until February 2009, 1,626 million people benefited from this reduction in working hours, ie 26 times more than the same period last year.

The entity is expected in March saw a record day cutting applications. According to their spokesmen, could be up to 740,000 requests, according to provisional data.