Translate the article into Russian orally. European joblessness: Armies of the unemployed



European joblessness: Armies of the unemployed

Labour markets in the euro zone sufferedabout as badly during the Great Contraction as did the labour market in America. The unemployment rate in both economies surged and both economies then experienced a slow but steady decline in the rate of joblessness. But where unemployment in America seems to have temporarily leveled off at around 9%, the rate of joblessness in the euro zone is once again rising.

There are several striking facts about recent movements in euro-zone labour markets. The first is the remarkable extent to which increasedjoblessness is due to deteriorating conditions around the periphery. Since the beginning of the year, Greek unemployment is up nearly 4 percentage points. The jobless rate in Germany, by contrast, has fallen a full percentage point over that period.

Much of the decline in German unemployment occurred early in the year, when the economy's export machine was running hot. It is interesting to see the extent to which this trend has continued, however. In September, new industrial orders in Germany fell 4.4%, yet from September to October Germany's unemployment rate dropped, from 5.7% to 5.5%. It's no wonder that there is less of a sense of urgency to the crisis in Germany.

The Economist, November 30th, 2011

USEFUL TERMS AND EXPRESSIONS

· eurozone- еврозона (валютный союз, объединяющий страны Европейского Союза, официальной валютой которых является евро)

· deteriorating conditions-ухудшениеусловий

· a percentage point-процентныйпункт

· theexportmachinewasrunninghot- темпы роста в отраслях, ориентированных на экспорт, были исключительно высокие

 

TEXTS FOR TRANSLATION IN WRITING

TEXT 5

Translate the article into Russian in writing.

Morning in America?

It has been no easy road getting here, and the path ahead looks rocky, but a real recovery seems to be developing for America's long-suffering workers. This morning, the Bureau of Labour Statistics released new data on American employment, which showed a third consecutive month of robust job growth. Where previous reports contained a hint of weakness here or there, the fundamentals of this report look almost uniformly strong.

Payroll employment rose by 227,000 jobs in February. That marked a third consecutive month with job growth over 200,000. Private-sector employment did even better. Private businesses have added over 750,000 jobs in just the last three months and 2.2m in the past year. February's report may actually be better than it looks. The latest release revised up job gains over the previous two months by 61,000.

Firms are adding workers across the economy. Manufacturing employment rose 31,000 in February and is up 227,000 over the last 12 months. Professional and business services continue to add labour at a rapid clip, including new temporary positions which indicate that further hiring may be on the way.

If there is a cloud to this silver lining, it is the reminder that America's economy remains quite far from where it ought to be. The 8.3% unemployment rate, while down sharply from a year ago, is still well above what economists consider to be the normal level. There are still nearly 13m unemployed Americans, and total employment is still just over 5m jobs short of the pre-crash peak.

Confidence in the American economy looks as good as it has in years, and is especially striking by comparison with the outlook across most of the world. If the recovery has taught us anything, however, it is to take nothing for granted.

The Economist, March 9th, 2012

NOTES

"Morning in America" is the common name of a political campaign television commercial featuring images of Americans going to work and a calm, optimistic narration that suggests improvements to the U.S. economy.The phrase "It's morning again in America" is used both as a literal statement (people are shown going to work), and as a metaphor for renewal.

 

USEFULTERMSANDEXPRESSIONS

· BureauofLabourStatistics- статистическое управление Министерства труда США, ответственное за обработку и распространение статистических материалов по вопросам труда и занятости)

· toreleasedata- опубликовать, обнародовать данные

· payrollemployment – занятость по данным платежных ведомостей

· manufacturingemployment – занятость в сфере производства/ в обрабатывающей промышленности

· toaddjobs- создавать рабочие места

· toreviseup – пересмотреть в сторону повышения

· at a rapid clip – высокимитемпами

· tobewellabove- быть существенно выше

· pre-crashpeak- докризисный максимум

· outlook- перспектива; прогноз

 

TEXT 6


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