User: newstrust Topic: Personal Finance
Category: Unemployment
Last updated: Aug 21 2017 03:37 IST RSS 2.0
 
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Text of AP's interview with NY Fed President William Dudley 14.8.2017 AP Business
NEW YORK (AP) -- Below is the text of an interview The Associated Press conducted Monday with William Dudley, president of the Federal Reserve Bank of New York:...
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The Fed’s job is about to become much harder 14.8.2017 Washington Post: Op-Eds
Perhaps the most profound challenges ahead will be political.
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A Good, But Not Great, Jobs Report For July 4.8.2017 Outside the Beltway
July's jobs report beat expectations, but the underlying numbers aren't entirely positive either.
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Job surge in July marks a notable turning point for U.S. economy 4.8.2017 Washington Post
The economy added 209,000 jobs in July, and the unemployment rate ticked down to 4.3 percent, according to government data. The level of employment has returned to what it was at in November 2007, before the recession decimated the job market, according to new research.
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Why America's wages are barely rising 3.8.2017 Minnesota Public Radio: Law & Justice
Economists say the pickup in wages has been sluggish. One possible reason is that high-earning baby boomers are leaving the workforce. And some people aren't looking to work because wages are too low.
Fake Fact Check: AP Won't Concede Truth of Trump's Economy Tweet 2.8.2017 NewsBusters
After a six-month respite, the Associated Press has started aggressively going after Donald Trump and his administration over conditions in the U.S. economy. In an opening salvo at 1:25 p.m. on Tuesday, the AP criticized as "not completely accurate" the following completely accurate Trump tweet: "Highest Stock Market EVER, best economic numbers in years, unemployment lowest in 17 years, wages raising." The AP would have been far better off merely noting that Trump should have said that wages are "rising" instead of "raising." Otherwise, the wire service has no genuine complaint. Here's the AP's "Oh yeah, but Obama-Obama-Obama" childish reaction, currently seen at this timeline link (it won't be there long, as the timeline also contains updates on the ousting of White House Communications Director Anthony Scaramucci, which is why it's presented as a graphic): Let's take the AP apart, piece by piece. Trump didn't directly refer to economic growth. But since the AP did, the reference point would the second ...
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Is Capitalism in Crisis? Latest Trends of a System Run Amok 1.8.2017 Truthout.com
Capitalism has always been a highly irrational socioeconomic system, but the constant drive for accumulation has especially run amok in the age of high finance, privatization and globalization. (Image: Pixabay ; Edited: JR / TO ) Political polarization is to be expected after a long-lasting structural crisis of capitalism, says David Kotz, author of The Rise and Fall of Neoliberal Capitalism. What remains to be seen is whether the polarization of the current moment will lead to a right-wing nationalist statist regime, a progressive reform of capitalism, or a transition beyond capitalism to socialism. Capitalism has always been a highly irrational socioeconomic system, but the constant drive for accumulation has especially run amok in the age of high finance, privatization and globalization. (Image: Pixabay ; Edited: JR / TO ) Having survived the financial meltdown of 2008, corporate capitalism and the financial masters of the universe have made a triumphant return to their "business as usual" approach: ...
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Sluggish but durable: The U.S. economy’s expansion 29.7.2017 Salt Lake Tribune
Washington • The U.S. economy acquired an exclusive label Friday: Recession-free for eight full years. Yet the third-longest economic winning streak in American history still doesn’t get much love. No wonder: Despite its longevity, this expansion has delivered subpar gains in its pace of growth, full-time hiring and pay increases since it emerged from the wreckage of the Great Recession in June 2009. It’s the weakest economic recovery since World War II. And the gap between the richest among us ...
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Sluggish but durable: 5 things about US economy's expansion 28.7.2017 AP Business
WASHINGTON (AP) -- The U.S. economy acquired an exclusive label Friday: Recession-free for eight full years. Yet the third-longest economic winning streak in American history still doesn't get much love....
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Four Charts That Show Who Loses Out if the White House Cuts Food Stamps 24.7.2017 Truthout.com
The White House has proposed cutting 25 percent of SNAP's budget -- about US $193 billion -- over the next decade. SNAP stands for Supplemental Nutrition Assistance Program, though it's more widely known by its pre-2008 name, food stamps. This program helps about 44 million people per month buy food. Last year, the government spent $71 billion in total on the program. Shelves of canned foods sit partially empty at the SF-Marin Food Bank on May 1, 2014, in San Francisco, California. (Photo: Justin Sullivan / Getty Images) Choose media with integrity: Support the independent journalism at Truthout by making a tax-deductible donation now! The White House has proposed cutting 25 percent of SNAP's budget -- about US $193 billion -- over the next decade. SNAP stands for Supplemental Nutrition Assistance Program, though it's more widely known by its pre-2008 name, food stamps. This program helps about 44 million people per month buy food. Last year, the government spent $71 billion in total on the program. SNAP ...
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Dear Historians, When You Look Back at Trump’s First 6 Months, Please Include These Disasters. 21.7.2017 Mother Jones
This story originally appeared on The Guardian. Business and the Economy Given all that Donald Trump promised the business world during his bombastic campaign, it’s tempting to dismiss the president’s first six months with a “meh.” It would also be myopic. While protesters are worried about the future, the president has so far failed to pass his tax reforms, which business […]
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Minn. jobless rate steady at 3.7 percent in June; 4,400 jobs added 20.7.2017 Minnesota Public Radio: Law & Justice
State officials said Minnesota's unadjusted job count passed 3 million for the first time ever in June. The unemployment rate remains significantly below the U.S. rate.
Wonkblog: Cutting legal immigration in half might be Trump’s worst economic idea 18.7.2017 Washington Post
Wonkblog: Cutting legal immigration in half might be Trump’s worst economic idea
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Trump paints a rosy picture of his success so far. We assessed where he's right — and where he isn't. 13.7.2017 Washington Post: Politics
There are things of which he can be proud. And some of which he shouldn't be.
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Canada's Residential Real Estate Market Makes the Move to Moderation in the Second Quarter of 2017 13.7.2017 New Kerala: World News
TORONTO, July 13, 2017 : According to the Royal LePage House Price Survey1 and Market Survey Forecast released today, Canada's residential real estate market posted strong home price gains in the second quarter of 2017, with the majority of metropolitan markets across Canada displaying expansionary trends.
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The black-white unemployment gap is at an all-time low. Here's how to keep it there. 13.7.2017 Washington Post: Op-Eds
A study from the Federal Reserve underscores the importance of full employment for minority workers.
The Fed took bold steps to boost the economy. Will undoing one of them rattle markets? 10.7.2017 LA Times: Nation
The Fed audaciously purchased trillions in bonds in an unprecedented attempt to boost economic growth.  Now it wants to reduce the stock of assets with as little fanfare and disruption as possible.
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The Finance 202: Trump economy could be boosted by uptick in job hunters 10.7.2017 Washington Post: Politics
But it's unclear how much credit the president would get.
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June hiring surge signals U.S. economic vitality 8.7.2017 Salt Lake Tribune
Washington • Hiring surged in June in a surprising show of U.S. economic vitality eight years into the recovery from the Great Recession. Pay gains remain weak, though, a stark reminder of one of the economy’s key shortcomings. Employers added 222,000 jobs last month, and hiring in the previous two months was revised much higher. Job gains have now averaged nearly 180,000 a month this year, only slightly below last year’s pace. Unemployment ticked up to 4.4 percent from 4.3 percent, but mostly f...
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Hiring surged last month in a sign of US economic vitality 8.7.2017 SFGate: Business & Technology
WASHINGTON — Hiring surged in June in a surprising show of U.S. economic vitality eight years into the recovery from the Great Recession. Last month, economists worried that hiring would slow as employers struggled to fill jobs from a dwindling supply of unemployed workers. “This balanced pace should enable the current economic expansion to be maintained much beyond the historical norm,” Russell Price, senior economist for Ameriprise Financial, said. [...] the job market and economy look broadly the same as they did last year, though President Trump has boasted that his policies are accelerating hiring and growth. The unemployment rate among blacks fell in June to its lowest level in 17 years, at 7.1 percent. Normally, as the number of unemployed dwindles, employers raise pay to attract job seekers. The influx of job seekers last month — who had previously been on the sidelines, not counted as unemployed — might have offset some upward wage pressures. Mark Zandi, chief economist at Moody’s ...
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