User: newstrust Topic: Personal Finance
Category: Unemployment
Last updated: Jun 30 2016 22:26 IST RSS 2.0
 
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Stocks move higher in morning trading 30.6.2016 LA Times: Commentary

U .S. stock indexes moved higher in morning trading Thursday as investors weighed the latest batch of company earnings news. The market was coming off a two-day rally as investors' anxiety about Britain's vote last week to leave the European Union eased. Consumer and industrial companies were among...

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Nearly half of U.S. workers consider themselves underemployed, report says 29.6.2016 Chicago Tribune: Business
If you majored in physical education and find yourself working as a dog groomer, consider yourself a poster child of the underemployed. Nearly half of U.S. workers consider themselves underemployed, according to a survey of more than 960,000 people by PayScale, an online provider of salary ...
Chicago-area home prices pick up a little speed 29.6.2016 Chicago Tribune: Business
April home prices nationally were back to pre-housing-crash levels seen in the winter of 2007, but the Chicago-area's housing market continues to recover at a much more modest pace, according to a widely watched price index released Tuesday. Chicago-area home prices rose 3.1 percent ...
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There's discontent in Mongolia as the 'oasis of democracy' votes 29.6.2016 LA Times: Commentary

Mongolians vote in parliamentary elections Wednesday with sentiment weighed by a sharp downturn in the landlocked Asian nation's crucial mining sector, rising unemployment and political disillusionment.

The Democratic Party could lose its majority in parliament, known as the State Great Khural,...

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Sluggish economy overshadows Mongolia elections 28.6.2016 Salt Lake Tribune
Ulaanbaatar, Mongolia • Mongolians vote in parliamentary elections Wednesday with sentiment weighed by a sharp downturn in the landlocked Asian nation’s crucial mining sector, rising unemployment and political disillusionment. The Democratic Party could lose its majority in parliament, known as the State Great Khural, to the opposition Mongolian People’s Party a year ahead of the 2017 presidential election. But with no major policy offerings on the table and an economy pummeled by the global slu...
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Brexit? Oh, Just Keep Calm Already. 27.6.2016 Inc
The Brexit will not impact your business. Here's why.
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The Brexit and budget austerity: What's the connection? 27.6.2016 Washington Post: Op-Eds
There's a lot of blame to go around for the outcome of the Brexit vote, and I'd put fiscal austerity near the top of the list.
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Business News Roundup, June 24 24.6.2016 SFGate: Business & Technology
The Federal Reserve looked at how the country’s 33 largest banks would do in a recession with high unemployment and negative interest rates as part of its annual stress tests, which were mandated by the 2010 Dodd-Frank financial overhaul. [...] even with those losses, regulators said, all of the big banks would remain in relatively good financial health — and well above minimum regulatory requirements — as a result of the big cushions of shareholder money they have stockpiled in recent years. The results of the annual stress tests are a marker of the progress that regulators have made in pushing banks to beef up their capital levels to increase the safety of the financial system. The country’s oldest brewery has installed an $8 million wastewater pretreatment system and will pay a $2.8 million fine to settle allegations that it sent pollutants to a municipal wastewater treatment plant. Pennsylvania’s D.G. Yuengling & Son agreed to the penalty to settle allegations that it violated the Clean Water Act ...
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Jobs for new college grads maybe not the ones they wanted 24.6.2016 SFGate: Business & Technology
Since the recession, it has been hard for graduates to find jobs at their education level, and it still is. [...] while there is more work, statistics show, grads still face stagnant wages and the highest student debt load ever. Fallon O’Reilly finished her biology degree from the University of Missouri-Kansas City in May but decided to take a business job instead of pursuing research or medicine immediately. Health sciences degrees are rising in demand, but the outlook is different for those with a liberal arts degree. Graduates with liberal arts, humanities, fine arts or political science degrees typically have lower starting salaries and higher unemployment, according to a report by the National Center for Education Statistics. Graduates with those types of degrees had an unemployment rate of 6 to 8 percent in 2012, compared with about 3 percent for engineering and health sciences degrees. Having a college degree and the same starting record still doesn’t guarantee equal treatment in the job ...
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U.S. homes sell at strongest pace since 2007 22.6.2016 Salt Lake Tribune
Washington • Americans snapped up houses in May almost as soon as properties were listed, fueling the strongest sales rate in nearly a decade. Sales of existing homes rose 1.8 percent last month to a seasonally adjusted annual rate of 5.53 million, the highest level since February 2007, the National Association of Realtors said Wednesday. People remain intent on buying homes, despite the low inventory of properties on the market that has caused prices to rise. The elevated demand likely stems fr... <iframe src="http://www.sltrib.com/csp/mediapool/sites/sltrib/pages/garss.csp" height="1" width="1" > </frame>
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Ireland: Too many houses in wrong place 21.6.2016 Financial Times: Analysis
A country that once built more homes than it needed is now not building enough
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Why America's men aren't working 20.6.2016 Washington Post
Even troubled Greece has a higher share of men in the workforce than America does.
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Growing Movement to Exit EU: An Interview With Antti Pesonen of Finland's Independence Party 19.6.2016 Truthout - All Articles
Antti Pesonen, the former chairman of Finland's Independence Party and current member of its board of directors, discusses the growing movement in favor of a eurozone exit for Finland, and his party's platform in favor of departure from both the euro and the EU. Eurozone membership has cost Finland and its people a lot, yet there is an attitude that the mainstream media in the country refuse to discuss an exit from the EU. (Photo: Petri A. / Flickr ) Truthout remains a vital counterpoint to the mainstream news. Keep grassroots media thriving, make a tax-deductible donation today! In recent years, much attention has been given to the economic woes of countries such as Greece and Spain and the possibility that they will depart from -- or be forced out of -- the eurozone, while the upcoming referendum on Britain's continued European Union (EU) membership promises to dominate global headlines in the coming weeks. Less attention, however, has been given to other European countries that are also experiencing ...
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U.S. Economic Recovery Looks Good Compared With Sluggish Europe, Asia 17.6.2016 NPR News
The recovery might feel slow to many U.S. workers. But the United States is in far better shape than other developed countries, according to an organization that tracks global growth.
Federal Reserve Declines To Raise Rates Again 16.6.2016 Outside the Beltway
Once again, the Federal Reserve chooses to pass on the opportunity to raise interest rates.
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Blue-collar employers feel labor market squeeze 16.6.2016 Minnesota Public Radio: News
Minnesota's job market seems to be improving for many prospective workers, but that means that certain employers are struggling to find people.
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Fed holds interest rates steady and plans slower increases 16.6.2016 SFGate: Business & Technology
WASHINGTON — The Federal Reserve did not raise its benchmark interest rate Wednesday, acknowledging that economic growth has again been slower than it hoped and predicted. The Fed, in materials it released after a two-day meeting of its policymaking committee, also said that it now expects to raise interest rates more slowly in coming years than it had previously predicted. “The pace of improvement in the labor market has slowed while growth in economic activity appears to have picked up,” the Fed said. The Fed’s statement provided little indication of how soon that might come, but in a separate set of economic projections, most Fed officials predicted that the central bank would raise rates twice this year. Esther George, president of the Federal Reserve Bank of Kansas City, argued at earlier meetings this year that rates should be increased, dissenting most recently at the Fed’s last meeting in April, but this time she agreed with her colleagues that they should wait. Fed officials increasingly ...
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In Paul Ryan's District, a Community Struggles 15.6.2016 Truthout.com
(Photo: Jeremy Slevin) In Racine, Wisconsin, it is clear that a community was abandoned. On either side of Memorial Drive, one after another, are relics of better days: massive brick factories now closed, sprawling warehouses deserted, empty lots, boarded-up buildings. Rusted water towers and aged smokestacks rise from industrial rooftops, like sentries standing guard long after they served their duty. Racine Steel Casings, Case Tractors, Sealed Air, Jacobsen Textron, Golden Books, Young Radiator -- once-great employers, all gone, but not forgotten by locals. "We were known for making things here," said Democratic State Representative Cory Mason, a fifth-generation Racine resident who has represented his neighbors in the Wisconsin Statehouse for 10 years. "You could graduate from high school, get a union job, and send your kids to college. For most of the 20th century, that was what Racine was like." But in recent decades, as trade deals shipped most of the middle class jobs overseas, recessions hit, and ...
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In Paul Ryan's District, a Community Struggling 15.6.2016 Truthout - All Articles
(Photo: Jeremy Slevin) In Racine, Wisconsin, it is clear that a community was abandoned. On either side of Memorial Drive, one after another, are relics of better days: massive brick factories now closed, sprawling warehouses deserted, empty lots, boarded-up buildings. Rusted water towers and aged smokestacks rise from industrial rooftops, like sentries standing guard long after they served their duty. Racine Steel Casings, Case Tractors, Sealed Air, Jacobsen Textron, Golden Books, Young Radiator -- once-great employers, all gone, but not forgotten by locals. "We were known for making things here," said Democratic State Representative Cory Mason, a fifth-generation Racine resident who has represented his neighbors in the Wisconsin Statehouse for 10 years. "You could graduate from high school, get a union job, and send your kids to college. For most of the 20th century, that was what Racine was like." But in recent decades, as trade deals shipped most of the middle class jobs overseas, recessions hit, and ...
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Economic Asteroids! No Interest Rate Hike Expected From Fed Yet 15.6.2016 NPR News
As Fed Chair Janet Yellen tries to chart a course forward for the economy, there are some warning lights blinking on her radar. Wages are rising but there are worries that job growth may have stalled.
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