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The decline in unemployment in the U.S. in March to 8.2% against 8.3%, not fooling anyone. The labor market has actually worsened last month. He created only 120,000 jobs, almost twice less than expected. The favorable review of the February numbers limited to just disappointment. As also those of January proved slightly worse.

According to the Labour Department, the private sector hired only 121,000 people in March, when he was recruited 233,000 people in February. The service sector is the main troublemaker with only 90,000 new jobs, against 204,000 the previous month. Yet on the increase for months, temporary jobs have vanished completely. The new posts have also declined significantly in the transport and independent professionals. In trade and distribution, staff reductions have accelerated.

Even more disturbing was the drop in unemployment is largely due to the cessation of 164,000 job seekers find work. Out of the workforce, they are no longer counted as unemployed.

Misleading effect of a mild winter

Some analysts believe that these figures, on the whole disappointing, confirming the misleading effect of the warm temperatures of winter. We have attributed the relatively strong hiring in December to cyclical factors, while the mild winter would have been an essential support activity. The explanation is not fully convincing because in the construction sector most sensitive to climatic hazards, the trend since February has not changed: the job cuts are modest between 6000 and 7000.

Wall Street will react Monday that these disappointing data, because U.S. markets are closed for Good Friday. The debate on the need for the Federal Reserve, to reconnect with exceptional measures to stimulate the supply of credit is restarted. It had been thought earlier in the week, however, that the continued expansion in industry and services in March, according to the ISM index, the Fed had converted to the wait. If job creation in April again proved mediocre, the U.S. central bank may reconsider the option to buy Treasury bonds to further lower interest rates long term.

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So far, Francois Hollande was very talkative on controlling public spending. To prove his seriousness in budgetary matters, the PS argued the EUR 49 billion of tax increases planned – both graded increases to fund new measures and to reduce the public deficit to 3% in 2013. Change in tone Thursday on France 2. The Socialist candidate was more explicit result: the return to balance accounts in 2017 will also "by 50 billion savings on public spending," he said, highlighting a point that appears from the origin, but discreetly, in its program.

In fact, in a country where public expenditure accounts for 56.6% of GDP, while fiscal consolidation achieved through an action on the charges. Except as we stay in France. Unlike the choices made in the UK and measures imposed in Portugal or Greece, or Francois Hollande nor Nicolas Sarkozy proposed to actually reduce government spending, that is to say, the return of 100 euros a year to 95 next year. The two main candidates simply promise to slow the rise.

From 1978 to 2008, public spending grew on average by 2.6% per year, plus inflation. "We will limit their increases to 1% per year," said Francois Hollande. Right, this government promised in Brussels an increase of 0.4% per year until 2016. Then where are the savings put forward by both sides? This is actually a smaller increase in expenses, compared to their natural tendency (which is explained by the increase in salaries of civil servants, the increase in health spending, the rising number of retirees, etc.. ). This is supposed to be parallel to that of GDP. Example project with Holland. Without special measures, the approximately 1 trillion of government spending should increase as the national wealth (1.7% per year initially, 2.25% at the end, according to forecasts of the candidate). An average increase of about 2% per year during the future five-year-around 20 billion euros each year. The PS wants to limit their growth to 1% per year. The economy compared to the natural drift is 10 billion per year and $ 50 billion in the five year term. The weight of public expenditure in GDP would decline to 53.9% while in 2017 the government is 52.8% in 2016. In both cases, the action will inevitably unpopular.

Divisive options

Social benefits-health costs, pensions, family allowances or unemployment … – indeed absorb 45% of public expenditure. Just to bring growth in public spending to 0.7% in 2011, the current government had to reform pensions, act on Medicare and not to replace staff on two retiring.

Thursday, Francois Hollande suggested avenues for savings: lower prices and consumption of drugs, focus on health prevention, cuts in aid to enterprises, decentralization. Displaying its objective of stabilizing the size of the public, he admitted that there would be job cuts in all departments except Education, Justice and Home Affairs. "The salary policy will be serious," said Michel Sapin, program officer of the applicant, being careful not to promise any pay rise. And state transfers to local (one hundred billion a year) "will not progress." Not to mention that if economic growth is not at the rendezvous, the scheme collapses. Michel Sapin no plans yet not to intensify efforts in this case: "A real spending cuts could destabilize the economy," he retorts.

Advocating a greater effort, Nicolas Sarkozy announced the continuation of "one in two." The UMP also wants to cut $ 2 billion per year transfers to communities. Magnitude of the cuts, selected sectors: these options are politically divisive. But in a camp like in the other, the information disclosed so far are not enough.

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Apple will host a conference March 7 in San Francisco at 19 am, French time. Program, the announcement of the new iPad, whose invitation to deliver the first image appears.

As every year, rumors are rife about the specifications and new features in Apple's tablet, which should be examined with interest by its competitors.

Two years after the release of the first version, the iPad indeed still dominates the market with 50 million sales, all models, against 12 million Android tablets, and is a reference to the sector.

The new iPad should propose an improved screen, displaying four times as many pixels on the same surface, but could also integrate Siri and why not, be accompanied by an iPad Mini, smaller. This graphic provides an update on the major rumors, according to their reliability.

 

Entrepreneurs can now expect to spend less time on paperwork they must complete to satisfy the administration. The National Assembly finally passed the bill Wednesday on the easing of administrative procedures despite the guerrilla led by the left. Socialist deputies and senators have decided to seize the Constitutional Council on this legislation. François Rebsamen, President of the Socialist Group of the Senate, said the referral should be made Friday.

"Francois Hollande has displayed duplicity and said on TF1 to a contractor who asked that it was essential to reduce the administrative burden on enterprises when, at the same time, François Hollande, the Socialist member of the Assembly national, and Jean-Marc Ayrault defended a motion to dismiss on the simplification of the text. Simplification is neither right nor left. It is pragmatic and expected by economic agents, "said Frederic Lefebvre Thursday, Secretary of State for SMEs, with more of the 145 measures that will be implemented in the presence of Jean-Luc Warsmann (UMP), President of the Law Committee of the National Assembly and author of the bill.

New areas

The measures apply to both the conditions of entitlement to holiday pay as procurement of low value, the secured cabinet containing all the digital business information required by the government that the 240 million ballot wages published each year. The latter, with up to 30 lines, will be simplified in several steps. The items on the Social Security taxes and social contributions will be easier to understand from the 1st January 2013. Those on unemployment contributions, pension contributions and additional pension will be from 1 January 2015.

The device of the rescript in office, which allows a company to ask its opinion to the administration, will be improved. It will be extended to new areas such as rules for calculating payroll. The administration will respond within a specified time.

Most companies only file with the court an annual report containing information that can benefit their competitors. To monitor the implementation of 145 measures, Frédéric Lefebvre install the March 19 Committee of the reduction of paperwork consisting of officials and entrepreneurs.

 

The ultra-LACTEOL for yeast or intestinal disorders, are well known to everyone. Laboratories that manufacture them, and Biocodex Aptalis, are much less. They belong to the hundreds of small labs in the Hexagon making less than 180 million euros in turnover and who feel threatened now.

"Our value is not recognized and we charge more. The 13 taxes for the health industry represents 3% of the turnover of SMEs ", lamented Friday Gerard Dufour, CEO of Amlis, the Association of medium-sized laboratories and healthcare industries. For SMEs to health, which together weigh 11,000 direct jobs and 1.5 billion euros in turnover, "do not disappear", it would cap such fees "depending on the size and profitability as small laboratories, "says the association.

It calls mainly to higher prices. Two-thirds of drugs of its members are, in fact, sold from February to May euros at rates sometimes frozen for twenty years.

One solution would be the dérembourser, advance the association. Provided they do so "consistent" in applying, for example, the same treatment to all drugs of a class.

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The Paris Bourse should attempt a rebound on Tuesday, a day after falling more than 3%. Around 8:02, the CAC 40 futures contract shown up 1.02%, suggesting a sharply higher opening of the Paris index. The movement should be a European future since the Frankfurt Stock Exchange advance them to 0.68%.

The problems of sovereign debt, however, should hang over the markets. The pressure rises in the euro zone since Moody's announced that the triple A French was threatened. Spain and Italy are always attacked in the bond markets. Finally, Germany is in the viewfinder of many observers who believe the country could experience a domino effect on the market.

But Europe is not the only one to raise the nervousness of the operators.

For now, the rating agencies Standard & Poor's and Moody's reported that U.S. credit rating would not be affected by the failure of these discussions. Fitch, however, said it could revise its outlook on maintaining its AAA rating assigned to the United States. It recalls that it had warned in August that "a failure of the super committee to reach an agreement would likely have a negative result on the rating" of the country.

This news has already had the effect of falling Wall Street yesterday and the stock markets in Asia this morning, confirming the prediction of Japanese Finance Minister, Jun Azumi, said this morning that fearing "a big disappointment in the markets."

Oil rises

Under the spotlight, the United States must deliver on Tuesday the second reading of GDP in the third quarter.

In the second of the five-day strike of cabin crew of Air France, the company claims to have secured 80% of its flights. According to a spokesperson, it will be the same for Monday. Knowing that the day before, "88% of flights, not 80% as announced" were maintained, she said. The conflict creates a battle of numbers between unions and management. According to the latter, there would be 30% of strikers. For the main trade unions, there are between 50 and 60% of agents who have disengaged. Remember, the movement is to protest against the proposed reduction in the number of cabin crew in some planes.

"Management is currently parades, but it can not hold the road in five days," said Gaëlle Sibril, steward of Southern Air. "That's why we filed a notice of strike for five days because we know they can be organized over two days but no more," she added.As at the airport in Toulouse: Toulouse-Orly ten flights on nineteen planned included were canceled, said the Depeche du Midi. The newspaper also states that "last-minute delays are expected." Note that at Nice, the third busiest airport in France, three flights were canceled Saturday to Paris no fax pay day loan. The same applies to Marseille where five flights were canceled in the direction of Roissy and Orly.

In total, about 200 flights on the 1000 planned were canceled Saturday. To service, the company temporarily restricted to 100 passenger capacity of its medium-haul flights from Orly. This management method was chosen to avoid having to put down passengers for lack of a sufficient number of hostesses and stewards. "It blocks the flights a minimum. Is completed according to the presentation of the crews as and when.Traffic should be disturbed until Wednesday, November 2 included.

In 2007, a similar strike, triggered by the same six unions to the same period of Toussaint, had caused major disruptions. Air France was forced several times to review downward its traffic forecast: 90% of flights expected to be provided the day before, this had increased to 60% during the weekend.

Modified or exchanged for free tickets

The company called to check passengers before they leave for the airport, on the website of the company, the list of flights canceled or delayed. They also know the traffic forecasts by sending an SMS to 63654 with their flight number.

Controllers return to work gradually. After La Rochelle and Paris Sud Est (Gare de Lyon), several sites have voted Friday morning to return to work, like Bordeaux, Reims, Chambery, Dijon, Lyon, St Etienne, Toulouse or Besancon. Other websites should take a similar decision at general meetings planned in the afternoon. The management of the SNCF

Many controllers SNCF had exercised their right to withdraw on Thursday afternoon to work after the announcement of the attack on a colleague on a train on the Corail Lyon-Strasbourg. In an interview with Figaro.fr, the president of the SNCF appealed to the coolness of the railway to resume work soon and would discuss with the unions to turn.Management has undertaken to present an emergency plan with the security services.

Traffic TGV, Corail and TER is still disrupted, although the situation has improved significantly over the entire network, including 8-9 in 10 TGV from and to Paris and a TER of 2. To find out if their train is running, users are encouraged to consult regularly Infolignes site, or call toll free (free from a landline) 0805 90 36 35.

Toll and information site

SNCF always invites customers to delay their trip or take alternate means of transportation. Ticket holders whose train was canceled may obtain a refund, or take any train leaving for the same destination without the need to exchange their ticket. Good news however for users Transilien (train network in the Île-de-France), the Thalys and Eurostar.Traffic on these lines is normal according to SNCF.

"There is no point in penalizing travelers"

The strike controller led Thursday the cancellation of all trains at night, and created a big mess all over the country. According to the station, all passengers stranded at the station in the evening were able to reach their destination or were assisted to find accommodation for the night. According to the Ministry of the Interior, it was not necessary to set up emergency housing plan.
Board trains at the Gare Saint-Charles in Marseille. Photo credits: GERARD JULIEN / AFP

The U.S. stock markets are given a little air on Wednesday. The Dow Jones closed up 2.44% to 11,410.78 points, the Nasdaq climbed 3.03% to 2548.94 points and the S & P 500 is 2.86% to 1198.58 points.

United States: 300 billion dollars for the job?

On Wednesday, the U.S. central bank acknowledged that the economy continues to grow. Thursday, U.S. President, Barack Obama must speak to announce a new stimulus package. Bloomberg and CNN, Bush is expected to announce Thursday the release of 300 billion dollars (about 213 billion euros) for employment.

Oil prices have, for them, increased sharply, supported by the prolonged interruption of production in the Gulf of Mexico, the sudden force of scholarship and a report from the Fed positive for U.S. growth.The group is now looking for a new boss to find the way of immediate croissance.Dans, Timothy Morse, Chief Financial Officer since July 2009, temporarily taking the reins of the web portal.

All Nippon Airways (7.84% to 6.60 dollars) expects to receive the last of the 55 aircraft ordered 787 Dreamliners from Boeing by 2018, said the president of the largest airline.ANA, which will be the first customer for Boeing to fly the aircraft, will receive the first copy of 787 on Sept. 25 and anticipates delivery of 20 additional Dreamliners by March 2013.

Bank of America (6.87% to 7.47 dollars), experiencing significant challenges, announced Tuesday a reorganization of its management team with the appointment of two new operational directors, David Darnell and Tom Montag, from the ranks of the bank payday advance.

Note also a major shareholder of the Canadian Research in Motion (RIM) (+3% to 31.90 dollars), the maker of BlackBerry smartphones, listed on Wall Street, on Tuesday called the "transformations" in the major group if it goes on sale, to tone the decline in value of its title.

The oil company Chevron (3.84% to 99.28 dollars) announced the discovery of oil during a drill in the Gulf of Mexico, offshore Louisiana (southern U.S.).

Altera (0.92% to 35.18 dollars) announced that it expected a sales growth of 2% -3% in the third quarter, against an increase of 2% to 6% previously due to lower demand.

For his part, Darden Restaurants (-3.57% to 44.53 dollars) expects sales growth of 6.5% to 7.5% over the year and an EPS growth of 12%.In addition, the company wants to make stock repurchases for 400 to 500 million dollars this year against 300-400 million previously announced.

The American expert group purchases online Groupon, who announced in June its intention to go public, "reassess the timing" of this operation and has canceled a tour dedicated to the promotion of its future trading, reports the Wall Street Tuesday Journal.

Safran, currently listed on the SBF 120, will make its debut on the CAC 40 on 19 September. The industrial and technology group, owned 30% by the state and 16% by its employees, replaces the bank Natixis in the most important indicator of the Paris Bourse. The announcement of the decision of the scientific evidence that fell Friday night to enter into force on September 16 at closing. The CAC 40 has not seen changes since September 2010, when Dexia (bank) and Lagardère (media) had been replaced by Natixis and Publicis (advertising).

The case for an entry Safran are numerous. The group was first sold 6.5 million treasury shares on the market late in July to increase its free float to more than 50%. Or the size of free float is one of the most important criteria observed by the Board for an introduction to the Cac 40.Capitalization criteria equally crucial $ 11.6 billion. Finally, the performance of the title are not negligible. The stock has gained more than 14% since August 26, while the SBF 120 index has returned just 5.6%. Since the beginning of the year, it grew by 5.4% when the SBF 120 index lost more than 12%. "There is a large consensus on this value. Safran is a great candidate, "pointed out shortly before the decision Emmanuel Besson, manager at Equity Management Ofi AM instant payday loan.

Suez Environnement does not leave the Cac 40

Suez Environnement was on the spot. The company, owned 35.8% by GDF-Suez and 7.2% by Groupe Bruxelles Lambert, certainly has a free float above 50% but its market capitalization of 5.88 billion, is among the lowest in the four Cac 40, with STMicroelectronics, Accor and Peugeot.In addition, the title was severely punished by investors: it shows a loss of 17.6% since the beginning of July, in line with the losses of the CAC (18% over the period).

But it Natixis, which has been designated to leave the Cac 40. It must be said that banking stocks have suffered heavily in recent weeks. The title is back in the index only a year ago and this decision "could create additional pressure on the banking at a time when we seek to appease," said Emmanuel Besson.

Before the verdict, Safran fell by 2.77% to 27.05 euros at the close, in a market down 3.59%. In turn, Natixis lost 4.57% to 2.71 euros.

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