User: newstrust Topic: Personal Finance
Category: Unemployment
Last updated: Dec 18 2017 09:05 IST RSS 2.0
 
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Who created today’s strong economy? Janet Yellen. 18.12.2017 Washington Post
Who created today’s strong economy? Janet Yellen.
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The Fed’s playbook says raise rates. What if that’s an obsolete game plan? 16.12.2017 Washington Post
The Fed’s playbook says raise rates. What if that’s an obsolete game plan?
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Unhappy 10th anniversary, Great Recession. You still hurt us 14.12.2017 Minnesota Public Radio: News
The Great Recession began exactly one decade ago this month. Although the economy has been growing steadily for years, the downturn's impact is still deeply felt by millions who lost homes and jobs.
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Fed raises crucial interest rate for 3rd time 14.12.2017 SFGate: Business & Technology
WASHINGTON — The Federal Reserve is raising its key interest rate for the third time this year and foresees three additional hikes in 2018, a vote of confidence that the U.S. economy remains on solid footing 8½ years after the end of the brutal recession. The Fed announced Wednesday that it’s lifting its short-term rate by a modest quarter-point to a still-low range of 1.25 percent to 1.5 percent. It is also continuing to slowly shrink its bond portfolio. Together, the two steps could lead over time to higher loan rates for consumers and businesses and slightly better returns for savers.
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Fed boosts benchmark rate for third time this year 14.12.2017 Chicago Tribune: Business
The Federal Reserve is raising its benchmark interest rate for the third time this year, signaling its confidence that the U.S. economy remains on solid footing 8½ years after the end of the Great Recession. The Fed is lifting its short-term rate by a modest quarter-point to a still-low range ...
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Fed hikes its key interest rate again and sharply increases next year's economic growth forecast 14.12.2017 LA Times: Nation

Federal Reserve monetary policymakers on Wednesday nudged up their key interest rate again and sharply increased their forecast for the economy's performance in 2018 as Congress neared passage of a large tax cut package.

Fed officials voted 7-2 after a two-day meeting to increase the rate by a...

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Huckabee Sanders: 'Laughable' For Obama To Try To Take Credit For 'Trump Economy' 11.12.2017 Crooks Liars
The gaslighting over at Trump-TV continues unabated. Trump spokesperson Sarah Huckabee Sanders made an appearance on Jesse Watters' show on Fox "News" this weekend and helped the host attack former President Obama for taking credit for the economy Trump inherited : White House Press Secretary Sarah Sanders said it's "laughable" that former President Barack Obama is trying to take credit for the booming economy. During a speech at the North American Climate Summit in Chicago on Tuesday, Obama said “we saw the U.S. economy grow consistently” after he focused on clean energy and carbon pollution regulations. “We saw the longest streak of job creation in American history by far,” Obama said. “A streak that still continues, by the way. ‘Thanks, Obama.’” "I think it's laughable that President Obama thinks he has anything to do with the success of where the economy is right now," Sanders said on "Watters' World." She pointed out that the U.S. gross domestic product growth rate has steadily gone up since ...
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Wages remain mostly stagnant despite unemployment hitting new lows 9.12.2017 Washington Post
Wages remain mostly stagnant despite unemployment hitting new lows
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Strong Job Growth Continues in November, Prime Age Employment Rate Hits New High for Recovery 8.12.2017 Truthout.com
Did you know? Truthout is a nonprofit publication and the vast majority of our budget comes from reader donations. It's easy to support our work -- click here to get started. The Bureau of Labor Statistics reported somewhat stronger than expected job growth in November, with employers adding 228,000 jobs. This brought the average for the last three months to 170,000. The unemployment rate was unchanged at 4.1 percent. While the overall employment-to-population ratio (EPOP) ticked down by 0.1 percentage point, the EPOP for prime age workers rose by 0.2 percentage points, to 79.0 percent. This is an increase of 0.8 percentage points from the year-ago level, but is still 1.3 percentage points below the pre-recession peak. In spite of measures indicating a continued tightening of the labor market, there is still little evidence of any notable acceleration in wage growth. The annualized growth rate of wages for the last three months, compared with the prior three months, is 2.6 percent, virtually identical to ...
November’s Jobs Report Is Strong, But There Are Caveats 8.12.2017 Outside the Beltway
November's Jobs Report was stronger than expected, but there are several caveats to keep in mind.
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The economy on the eve of the tax cut 6.12.2017 Washington Post: Op-Eds
Yes, presidents will always claim credit for anything good that happens in the economy. That doesn't mean we have to believe them.
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Is this the right time for a big tax cut? 5.12.2017 Minnesota Public Radio: Business
The rationale behind the GOP tax plan is that the economy needs stimulus. But it's already growing and near full employment. And the plan could be undercut by the Fed as it raises interest rates.
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Beware an economic boom. Really. 4.12.2017 Washington Post: Op-Eds
Tax cutters, take note: The bigger the boom, the bigger the bust.
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Coping methods 1.12.2017 BBC: Business
What do US central bankers do during a financial crisis?
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Eurozone unemployment drops further on buoyant recovery 30.11.2017 Washington Post: World
Official figures show that the unemployment rate in the 19-country eurozone has fallen to its lowest level since January 2009, further evidence that the buoyant economic recovery across the region is being felt in most corners of the labor market.
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Consumers are ready to spend this holiday season _ right? 29.11.2017 AP Business
Americans, by most measures, appear ready to shop this holiday season....
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Janet Yellen and Barack Obama's Economy Is Looking Good 27.11.2017 Truthout.com
Janet Yellen, chair of the Board of Governors of the Federal Reserve System. (Photo: Brookings Institution )   This story was published because of support from readers like you. If you care about maintaining a free and independent media, make a donation to Truthout! As Congress debates plans to give even more money to the country's richest people, it is worth briefly recounting where the economy is now, before we feel the effects of any tax plan. Basically, it is a pretty good story. The overall unemployment rate for October was 4.1 percent. This is the lowest unemployment rate since 2000. And that was an extraordinarily good year for the labor market. We would have to go back to 1970 to find the last time the unemployment rate had been this low. The unemployment rate for African Americans was 7.5 percent in October. The 7 percent level reached in September ties for the lowest figure on record. While these levels of unemployment are still unacceptably high, they are an enormous improvement from the near ...
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Employers looking for seasonal workers struggle in labor market that’s “beyond tight” 27.11.2017 Denver Post: Business
The warehousing and transportation sectors have been growing since the recession, adding more than 200,000 jobs in each of the past three years. But low unemployment in Colorado has made it increasingly difficult for employers to find seasonal workers.
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Why Trump should be more wary of below-4 percent unemployment than he seems to be 20.11.2017 Washington Post
Why Trump should be more wary of below-4 percent unemployment than he seems to be
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6.3 million Americans are 90 days late on their auto loan payments 17.11.2017 LA Times: Business

A rising number of Americans are unable to make the monthly payments on their car or truck loans and are in danger of having their vehicles repossessed, according to data released this week by the New York Federal Reserve.

There are 6.3 million Americans who are 90 days late — or more — on their...

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