Tag: Unemployment

Greece, 10 Years Into Economic Crisis, Counts the Cost to Mental Health

ATHENS — Greece’s decade-long economic crisis has taken a heavy toll: Hundreds of thousands of jobs were lost, incomes were slashed and taxes were raised. Hopes for the future were dashed. For Anna, 68, the crisis had particularly devastating consequences. Her husband, a retired bus driver, killed himself in a […]

Read More

U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%

The Labor Department released its monthly estimate of hiring, unemployment and wages for January on Friday morning. The report provided an important snapshot of the American economy. 304,000 jobs were added last month. Economists had expected a gain of about 172,000. The unemployment rate rose to 4.0 percent, from 3.9 […]

Read More

Deadly Mexico Pipeline Disaster Poses Major Test for New President

MEXICO CITY — Word spread quickly: free gasoline. It was spewing from a pipeline, through a hole punched by fuel thieves. People — as many as 900, by some estimates — flocked to the rupture, many carrying containers to fill. But just as quickly, the apparent windfall on Friday turned […]

Read More

‘The Shutdown Makes Me Nervous’: Young People Caught Up in Impasse

Stella Blaylock has not been sleeping well since before Christmas, when her father was furloughed in the partial government shutdown and unexpectedly extended his holiday vacation. Days later, her mother was laid off from her job as a federal contractor. A sixth grader at Williamsburg Middle School in Arlington, Va. […]

Read More

DC area unemployment falls to 3 percent

WASHINGTON — On the heels of a strong December jobs report, the Bureau of Labor Statistics has released November jobs data for major metropolitan areas. The Washington region’s unemployment rate in November fell to 3.0 percent, from 3.2 percent in October, and down from 3.5 percent a year earlier. The numbers are not seasonally adjusted. […]

Read More

Furloughed fed applying for unemployment? Here’s how to do it

WASHINGTON — If you’re a federal employee who has been working regularly and paying at least a minimum amount of tax, you’re probably eligible to receive some sort of unemployment insurance during the government shutdown. You’ll have to apply for the benefits with the state in which you work, according to the Office of Personnel […]

Read More

Jobs Growth Explodes Higher, Adding 312,000 Jobs in December, Far More than Expected

Job creation boomed in December. U.S. economy added 312,000 jobs in December and the unemployment rate rose to 3.9 percent, according to data released Friday. Economists had expected nonfarm payrolls to rise by 176,000 and the unemployment to hold steady at 3.7 percent. The previous month was revised up as well. November, initially reported at […]

Read More

December Jobs Report: Here’s What to Watch For

The Labor Department will release its official hiring and unemployment figures for December at 8:30 a.m. on Friday, offering the latest picture of the American economy. Wall Street analysts anticipate a job gain of about 180,000 in December, a pickup from November’s increase of 155,000. That would be a solid […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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, […]

Read More

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 […]

Read More

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 […]

Read More

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 […]

Read More

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% […]

Read More