User: newstrust Topic: Personal Finance
Category: Unemployment
Last updated: May 28 2016 24:03 IST RSS 2.0
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The share of Americans struggling to afford food just hit a new post-recession low 27.5.2016 Washington Post: Politics
Black and Latino families made the biggest gains -- but continue to lag behind.
Analysis: Why Bernie Sanders keeps popping up in California's out-of-the-way places 27.5.2016 LA Times: Commentary
Donald Trump vows to back out of global climate change agreement May 27, 2016, 6:32 a.m. Bernie Sanders and Hillary Clinton are campaigning in California. Donald Trump clinches the GOP nomination and says he'll back out of major global warming deal if he wins Meet the Chinese-American immigrants...
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Why Bernie Sanders keeps popping up in California's out-of-the-way places 27.5.2016 LA Times: Nation

All week Bernie Sanders has galloped about California, showing up in places where presidential candidates usually don’t tread.

On Sunday he was in Vista. On Tuesday he hit Riverside and San Bernardino. On Wednesday he was in Cathedral City and Lancaster. On Thursday, Ventura. On Saturday, he’ll...

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Unemployment inches higher in Chicago metro area 27.5.2016 Chicago Tribune: Business
The Chicago metro area's unemployment rate inched up in April to 6.5 percent, marking the fifth consecutive month of increases, but the trend could point to the improving health of the local economy as the labor force grows to a historic high. While the national unemployment rate clocked in ...
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Cancer deaths rose during the recession. But why? 27.5.2016 Washington Post
Cancer deaths rose during the recession. But why?
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The shocking number of Americans who can’t cover a $400 expense 26.5.2016 Washington Post
The recovery from the Great Recession is in its seventh year, but for many households progress feels painfully far away.
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The one time it's OK to pile up credit-card debt 25.5.2016 Salt Lake Tribune
Americans are back to borrowing more with credit cards. According to the most recent Federal Reserve data, they owe $952 billion, the biggest load of revolving consumer debt since 2009. Part of the story is the same old story: Lots of cardholders still drag around debt, carrying over a balance every month and paying loads of interest. If offered a higher credit limit, many just can’t resist borrowing every extra cent, especially if they’re growing more confident about the economy. It’s tempting ... <iframe src="" height="1" width="1" > </frame>
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Brazil's New Government Is Already Planning to Balance the Budget on the Backs of the Poor 24.5.2016 Truthout - All Articles
Just days after the Brazilian Senate voted to suspend former President Dilma Rousseff and subject her to an impeachment trial, the country's new right-wing government is already planning to balance the budget by imposing austerity measures on the nation's poor people. More than 15,000 people protest at Praça da Cinelândia in Rio de Janeiro against the new right-wing government under Brazil's interim president, Michel Temer. (Photo: Mídia NINJA ) Help Truthout keep publishing stories like this one: We depend on reader support! Click here to make a tax-deductible donation today. Just days after the Brazilian Senate voted to suspend former President Dilma Rousseff and subject her to an impeachment trial, the country's new right-wing government is already planning to balance the budget on the backs of the poor. To be sure, Brazil's economic problems are real and they are serious. The country is currently in the midst of its worst recession in decades. The economy shrank by 3.8 percent last year, and the ...
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Getting High on Interest Rates: What's New at the Fed 23.5.2016
Help Truthout keep publishing stories like this one: We depend on reader support! Click here to make a tax-deductible donation today. The minutes from the most recent Federal Reserve Board Open Market Committee (FOMC) meeting indicate that many of its members are anxious to move forward with more interest rate hikes. The next hit could come as soon as June. This should have the country very worried. Just for some basic orientation, the point of raising interest rates is to slow the economy and keep it from creating too many jobs. The members of the FOMC are worried that the labor market is becoming too tight, with the unemployment rate falling too low. This would give workers more bargaining power, allowing them to get larger wage gains, which could be passed on in higher prices, kicking off an inflationary spiral. If that doesn't sound like the economy you see, then it's probably because you have a better idea of the data than the folks at the FOMC. Starting at the basics, by many measures the labor ...
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Illinois' unemployment rate rises to 6.6 percent in April 20.5.2016 Chicago Tribune: Business
Illinois' unemployment rate ticked up to 6.6 percent in April as more people continued to join the labor force but didn't immediately find jobs. The state added 5,400 jobs last month, but more than half of the growth was in temporary jobs or through employment agencies, the Illinois ...
UK employment rate hits record high as more women work longer - live updates 18.5.2016 The Guardian -- Front Page
Crabb hails record-breaking figures 10.02am BST Digging into today’s report, its clear that the employment rate has hit a record high partly because more women are working longer. That’s because of changes to the retirement age, pushing it up to 65 for men and women by November 2018, and then 66 by October 2020 ( more details here ) 9.57am BST Work and Pensions Secretary Stephen Crabb has welcomed this latest rise in the employment total, and the small drop in unemployment: “These are another record-breaking set of figures, with more people in work than ever before and the unemployment rate is the lowest in a decade at 5.1%. More people in work means that more families across the UK are benefiting from the security of a regular wage and the fulfilment that employment ...
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From belief to resentment in Indiana 17.5.2016 Chicago Tribune: Business
Chris Setser worked a 12-hour graveyard shift while his children slept, cleaned the house while they were at school and then went outside to wait for the bus bringing them home. He stood on the porch as he often did and surveyed the life he had built. The lawn was trimmed. The stairs were ...
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Report: Black America doing much better than 40 years ago 17.5.2016 AP Politics
WASHINGTON (AP) -- African-Americans are doing about the same as they have in previous years as the nation rises out of the Great Recession, and much better than they did when its first &quot;State of Black America&quot; report came out 40 years ago, the National Urban League said Tuesday....
From belief to resentment in Indiana 15.5.2016 Washington Post
From belief to resentment in Indiana
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Brexit could lead to recession, says Bank of England 12.5.2016 The Guardian -- Front Page

Vote to leave the EU risks sending the pound sharply lower, stoking inflation, raising unemployment and denting economic growth, says central bank

Describing the 23 June referendum on EU membership as “the most immediate and significant risk” for the UK’s economic outlook, the Bank of England said it would face a difficult balancing act in deciding whether to cut, hold or raise interest rates in the aftermath of a vote to leave the bloc.

Continue reading...
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Future of Brazil’s president on the line in key Senate vote 11.5.2016 Washington Post: World
Senators in Brazil began debate Wednesday on whether to oust President Dilma Rousseff, a movement that has built up steam and turned into a referendum on her leadership amid several crises facing Latin America’s largest nation.
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Impeachment of Brazil President goes from long-shot to likely 11.5.2016 Hindu: International
Her ouster is seen by analysts as a foregone conclusion, though her opponents are accused of much worse crimes.
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US workers regain faith in finding good job if laid off: poll 10.5.2016 New Kerala: World News
Washington, May 10 : Americans' confidence that they would find a good job if they get sacked from their current job has been restored, a Gallup poll found.
Five things we learned from the disappointing jobs report 7.5.2016 LA Times: Business
Disappointing job gains in April were an unwelcome sign after anemic first-quarter economic growth, but analysts said it's not time to panic yet. The 160,000 net new jobs added last month were the fewest since September, the Labor Department said Friday. And though the unemployment rate held steady...
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Job Growth Might Be Slowing Overall — But It's Surging For New College Grads 7.5.2016 NPR News
Congratulations to the Class of 2016! They are graduating into the best job market in a decade, especially for those with degrees in business, technology or engineering.
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