Tag: Unemployment

November: Foreign Workers See Nearly 5X Job Growth of Americans

Foreign workers saw nearly five times as much job growth as native-born American workers did last month, Bureau of Labor Statistics data reveals. In November 2018, foreign-born worker employment increased 5.1 percent compared to the same time last year. Meanwhile, native-born Americans saw an employment increase of only about 1.2 percent year-to-year, almost five times […]

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Unrest in France Hinders Macron’s Push to Revive Economy

PARIS — The need to accelerate growth has long been visible in almost every corner of the French economy, from dreary unemployment offices packed with jobseekers to businesses whose financially stretched customers struggle to make do. President Emmanuel Macron pledged on Monday to change those dynamics by improving the country’s […]

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The Economy Faces Big Risks in 2019. Markets Are Only Now Facing Up to Them.

ImageTraders outside the New York Stock Exchange this week. Worries about the economy’s future are finally starting to affect stock prices, even though the economy remains strong.CreditMary Altaffer/Associated Press After another week of exceptional volatility on Wall Street that has pummeled stock portfolios, there are two closely related questions worth […]

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DC-area unemployment falls to 3.2 percent

WASHINGTON — The Washington metro’s unemployment rate in October fell to 3.2 percent, from 3.3 percent in September. A year ago, the D.C.-area’s unemployment rate was 3.5 percent. Metro Baltimore’s unemployment rate fell as well, to 3.8 percent in October, from 3.9 percent in September. The Baltimore area’s unemployment rate in October 2017 was 4.0 […]

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Six Ways Donald Trump Has Defeated Democrat Mobs with More Jobs

The Republican National Committee (RNC) announced six ways that President Donald Trump has defeated Democrat mob tactics with a strong economy and jobs for the American people. This comes just days ahead of the midterm elections, when voters decide the party that will be in power in the House of Representatives and the Senate. According […]

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Pence to Obama: Economy Booming Because Trump Administration Rolling Back Failed Obama Policies

Vice President Mike Pence had a message for former President Barack Obama at the Values Voter Summit Saturday: the American economy is booming because the Trump administration is rolling back Obama administration policies. “It’s been two years of promises made and promises kept, and we’re just getting started,” Pence told the conference audience in Washington, […]

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Obama Complains Trump Getting Credit for ‘Economic Miracle’

Former President Barack Obama appeared upset on Friday that President Donald Trump was getting credit for the booming economy. The former president made his remarks at the University of Illinois after the United States economy posted more positive news; over 200,000 jobs created and a 3.9 percent unemployment rate in August. Obama reminded students that […]

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Jobless Claims Unexpectedly Plunge to New Post-1969 Record

Jobless claims fell last week even further to a new post-1969 record of 203,000. This is the lowest level for initial claims for state unemployment benefits since December 6, 1969 when it was 202,000. The 4-week moving average, considered a better gauge of the labor market because it smooths out week-to-week volatility, fell to 209,500 […]

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Jobless Claims Lower than Expected, Four Week Average Hits Lowest Level Since 1969

The number of Americans filing new applications for state unemployment benefits rose by less than expected last week, suggesting that the labor market is still very vigorous. New claims rose by just 3,000 to a seasonally adjusted 213,000 last week, the Labor Department said Thursday. After three consecutive weeks of declines, economists had forecast a […]

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Turkish lira crisis: President Erdoğan announces boycott of US electrical goods – live updates

Turkey’s problems have been building for a while, points out Witold Bahrke, senior macro strategist at Nordea Asset Management. Bahrke explains how the strengthening US dollar has made Turkey’s current account deficit (the gap between what it imports and exports) a bigger problem. Turkey is in a genuine currency crisis, with the lira falling 30% […]

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Trump’s latest ‘economic fiction’ amounts to nothing more than lies, again

In Trump’s fantasyland, everything he does is the greatest. Only it never is. It’s really hard to know sometimes whether Donald Trump purposely lies or he truly just has zero grasp on reality. It’s likely a little of both, but regardless of whether it’s intentional lying or accidental delusion, Trump’s latest narrative about record-breaking economic growth, […]

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Jobless Claims Unexpectedly Fell and Inflation Ticked Down, Suggesting Strong U.S. Economy Unfazed by Trade War

Applications for new unemployment benefits unexpectedly fell last week and producer prices fell, indicating that the strong U.S. economy is standing up quite well amid global trade disputes. Initial jobless claims fell declined by 6,000 a seasonally adjusted 213,000, the Labor Department said Thursday. Economists had expected the rate to rise to 220,000. The four-week moving average […]

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U.S. Added 157,000 Jobs in July; Unemployment Rate Slips to 3.9%

The Labor Department on Friday released its hiring and unemployment figures for July, providing a fresh snapshot of the American economy. The Numbers ■ 157,000 jobs were added last month. Economists had expected a gain of about 190,000. ■ The unemployment rate fell to 3.9 percent, from 4 percent. ■ Average hourly earnings rose by […]

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Plutocrat Charles Koch: Trump Tariffs ‘Ridiculous,’ ‘Unfair’ to Foreigners

Billionaire plutocrat and GOP mega-donor Charles Koch says President Donald Trump’s tariffs on aluminum, steel, and thousands of Chinese-made imports are “ridiculous” and “unfair” to foreigners. Koch, who funds a network of organizations with his brother, David Koch, told the media during a conference with donors over the weekend that Trump’s ten percent tariff on imported […]

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Looking for Unconditional Love in All the Wrong Places

Those of you who know me or have read my blogs know that I have had a rough life. Getting fired by one of my first supervisors, in front of my wife? Surely, things can’t get any worse. Well, late in 2017, they did. Solely due to a miscommunication and misunderstanding among those that I […]

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Wages Are Rising in Europe. But Economists Are Puzzled.

Workers may finally be getting a bigger piece of the economic pie — at least in Europe. Just don’t ask why, or whether it will last. In the decade since the financial crisis, much of the global economy has recovered and is back on stable footing. Companies are reporting record profits, unemployment levels are plummeting […]

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Tariffs Are a Tax that Will Hurt American Companies Like Mine

In 1976, Cummins began operations at our engine plant in Seymour, a small town of about 20,000 people in southern Indiana. The Seymour Engine Plant now produces engines for equipment like locomotives, large boats and power generators that back up critical infrastructure like data centers and landmarks like Wrigley Field. Nearly 80 percent of the […]

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DC is one of the nation’s top cities for 6-figure salaries

WASHINGTON — D.C. has the fourth-highest cost of living in the U.S., but it also ranks high for salaries. Professional-level jobs search site Ladders ranks D.C. third in the nation for the most job openings, with salaries of $100,000 or more. Only San Francisco and New York have more seven-figure job openings. Ladders, which only […]

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Declaring War on Poverty ‘Largely Over,’ White House Urges Work Requirements for Aid

The Center on Budget and Policy Priorities calculated this year that three-quarters of food stamp recipients work within a year of participating in the program. That report suggests that Americans often use assistance programs as bridges to a new job, after they have lost previous employment. The administration’s numbers may be particularly exaggerated for Medicaid. […]

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Black unemployment rates in Kansas City show Trump should really stop bragging about what he’s done

Donald Trump loves to tell us he’s good for black people. But, the numbers show otherwise. Donald Trump loves to brag about things that he can’t actually take credit for. An economy on the rise, steady job creation numbers, and low unemployment rates are all among them. While these things have technically occurred during his tenure, […]

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