User: newstrust Topic: Personal Finance
Category: Unemployment
Last updated: Jun 24 2017 21:49 IST RSS 2.0
 
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Despatch from Tokyo - Japan’s fight against suicides 24.6.2017 Hindu: News
But despite this fall, on average 17.5 per 1,00,000 people still kill themselves in Japan.
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Fed: US banks have money for crisis 23.6.2017 BBC: Business
The 34 largest US banks passed the first part of the Federal Reserve's annual stress test.
Policies that will make the next recession both more likely and worse 21.6.2017 Washington Post
Policies that will make the next recession both more likely and worse
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Congress wants to micromanage the Federal Reserve: What could go wrong with that? 19.6.2017 Washington Post: Op-Eds
Giving this Congress more oversight of the Fed is not only unnecessary. It's a recipe for undermining the central bank's effectiveness.
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What’s widening the political gap between rural and urban America? Culture, a new poll shows. 17.6.2017 Washington Post
A Washington Post-Kaiser Family Foundation survey found rural Americans are apprehensive about the nation’s rapidly changing demographics, fear that Christianity is under siege and believe that the government cares more about city dwellers. But the disagreements between rural and urban America ultimately center on fairness: Who wins and who loses in the new American economy?
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As labor market tightens, California unemployment rate sinks to 4.7% in May 17.6.2017 LA Times: Business
California added 17,600 new jobs in May, dropping the unemployment rate to 4.7%, according to data released Friday by the state's Employment Development Department.
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The Federal Reserve needs to learn to love inflation 17.6.2017 Washington Post
The Federal Reserve needs to learn to love inflation
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Should federal funding for food stamps be cut? 16.6.2017 Washington Post: Op-Eds
The Trump administration seeks massive cuts to SNAP. Are they justified?
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Minn. jobless rate improves to 3.7 percent in May; employers cut jobs 15.6.2017 Minnesota Public Radio: Business
Minnesota's seasonally adjusted unemployment rate was the best since the end of the great recession, although May also saw 7,200 jobs eliminated, state officials said Thursday.
Fed raises key rate, will reduce bond holdings 15.6.2017 SFGate: Business & Technology
WASHINGTON — The Federal Reserve has raised its key interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy. The increase in the Fed’s short-term rate by a quarter-point to a still-low range of 1 percent to 1.25 percent could lead to higher borrowing costs for consumers and businesses and slightly better returns for savers. The Fed’s decision to raise rates, announced in a statement after its latest policy meeting, was approved on an 8-1 vote with Neel Kashkari, head of the Fed’s Minneapolis regional bank, dissenting in favor of holding rates unchanged. “With the Fed stating its intentions to start reducing the size of the balance sheet this year, it is offering a clear vote of confidence for the economy,” said Curt Long, chief economist of the National Association of Federally Insured Credit Unions. The revised economic forecast bowed to reality by reducing its estimate for unemployment by year’s end to 4.3 percent from a March ...
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A brighter economic outlook is giving Fed confidence to act 13.6.2017 AP Business
WASHINGTON (AP) -- In the United States and around the world, economic strength isn't what it used to be. But everything is relative....
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Women in their own words: Why we're not working 11.6.2017 LA Times: Commentary
Some of the women who read our story about dropping out of the workforce responded with their own stories.
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Business News Roundup, June 8 8.6.2017 SFGate: Business & Technology
Credit card spending growth slowed, while borrowing gains for school and autos also cooled. Credit card borrowing increased $1.5 billion, or 1.8 percent. Consumer borrowing is closely watched by economists to determine people’s willingness to take on more debt to support their spending. Consumer spending accounts for 70 percent of U.S. economic activity. Economists believe growth in consumer credit will remain strong this year, reflecting low unemployment and strong consumer confidence. The Federal Reserve Bank of New York reported last month that U.S. household debt had reached a record high in the first quarter of 2017, topping the previous peak reached in 2008, when the financial crisis plunged the economy into a deep recession. Even with debt levels back to record heights, analysts say that household borrowing appears more sustainable now than it did nearly a decade ago. The nature of what Americans owe has changed since the recession, with student and auto loans making up a larger portion of ...
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South Africa’s economy falls into recession 6.6.2017 Washington Post: World
South Africa says its economy — one of Africa’s biggest — is in recession.
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AP Explains: House GOP takes aim at financial regulations 6.6.2017 AP Business
WASHINGTON (AP) -- A decade ago, the first inklings of the coming recession emerged as a housing bubble fueled by scant regulation, low-interest rates and easy credit gradually began to crater and soon would take the rest of the economy along for the painful ride....
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Jobs data could signal shortage of qualified workers to hire 3.6.2017 Salt Lake Tribune
Washington • Are employers starting to run out of workers to hire? A hiring pullback reported in Friday’s U.S. jobs data for May raises that prospect. The economy added just 138,000 jobs, which was still high enough to help cut the unemployment rate to a 16-year low of 4.3 percent. With the recovery from the Great Recession having reached its eighth year, hiring is gradually weakening. “It’s definitely becoming an increasing problem for businesses — finding qualified workers,” said Stephen Stanl...
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68 months after the white jobless rate peaked, the black rate finally dropped to that level 3.6.2017 Washington Post
68 months after the white jobless rate peaked, the black rate finally dropped to that level
US employers add modest 138K jobs; rate dips to 4.3 percent 2.6.2017 Salt Lake Tribune
Washington • U.S. employers pulled back on hiring in May by adding only 138,000 jobs, though the gains were enough to help nudge the unemployment rate down to a 16 year-low. The Labor Department said Friday that the jobless rate fell to 4.3 percent the lowest level since 2001, from 4.4 percent. Still, the rate declined mainly for a less-than-encouraging reason: People stopped looking for work in May and so were no longer counted as unemployed. The government’s report suggested that eight years i...
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U.S. employers add modest 138K jobs; rate dips to 4.3 percent 2.6.2017 Minnesota Public Radio: Law & Justice
U.S. employers pulled back on hiring in May by adding only 138,000 jobs. Hiring was still enough to help keep pushing unemployment lower.
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How ‘the energy capital of the nation’ regained its power in the Trump era 2.6.2017 Washington Post: Politics
Wyoming coal country is now the seat of American optimism.
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