User: newstrust Topic: Personal Finance
Category: Unemployment
Last updated: Jul 30 2015 16:53 IST RSS 2.0
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Spanish economy back to pre-crisis growth levels 30.7.2015 The Guardian -- World Latest

Low inflation and falling unemployment means Spain is starting to see light at the end of the tunnel, economy minister says

Spain’s economy has recorded the strongest growth since 2007, before the global financial crisis plunged the country into recession.

Economic growth was 1% in the second quarter of the year, up from 0.9% in the first quarter, reaffirming the strength of Spain’s recovery, and underlining the divide with more troubled eurozone economies such as Greece.

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'Italy may take 20 years to reduce unemployment' 28.7.2015 New Kerala: World News
Washington, 27 July : Italy could take 20 years for employment to return to the levels seen before its worst post-war recession, unless it achieves strong economic growth, the International Monetary Fund said on Monday.
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MinnTac calling 400 back to work on Iron Range 25.7.2015 Minnesota Public Radio: News
Officials applauded news of jobs returning to Minnesota's largest taconite plant. Some 1,000 Iron Range workers have been laid off this year due to a struggling ore market.
Chicago metro's unemployment rate falls to 6.3 percent in June 24.7.2015 Chicago Tribune: Business
The Chicago metro area's unemployment rate fell to 6.3 percent in June from 7.3 percent a year prior, the lowest June unemployment since the recession hit, but it remains above state and national levels, according to data released Thursday by the Illinois Department of Employment Security and ...
Why You Can’t Afford to Hold Out for the Perfect Hire 23.7.2015 Inc
Companies looking to succeed in today's economic reality have to address both the Skills Gap and Expectations Gap in their ...
Greek store closures spike as recession, austerity return 23.7.2015 AP Business
ATHENS, Greece (AP) -- Giorgos Prasinoudis ran his motocycle repair shop in Athens for three decades, through good times and bad. Now a "For Sale" sign hangs outside the window....
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Europe’s misguided fiscal union envy 20.7.2015 Financial Times US
What can the euro copy from the US dollar? Not what you think
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State General Assistance Programs Are Weakening Despite Increased Need 20.7.2015
State General Assistance (GA) programs, which provide a safety net of last resort for those who are very poor and do not qualify for other public assistance, have weakened considerably in recent decades and are continuing to do so, despite ongoing need for aid in the wake of the recession. The number of states with General Assistance programs has fallen from 38 to 26 since 1989, and benefits have shrunk in inflation-adjusted terms in nearly every state since 1998. The 26 states with GA programs generally serve very poor individuals who do not have minor children, are not disabled enough to qualify for (or do not yet receive) Supplemental Security Income (SSI), and are not elderly. [1] Only 11 of the 26 states provide any benefits to childless adults who do not have some disability; the others require recipients to be unemployable, generally due to a physical or mental condition. (See Figure 1.) There is no federally supported cash safety net program for poor childless adults who do not receive SSI; ...
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In quiet Ogden, Utah, a surprising glimpse of income equality 19.7.2015 LA Times: Commentary
For a Western town that gangster Al Capone once described as a little too rough for him, Ogden today looks pretty staid and dowdy.
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Will a recent surge in apartment building help rent prices? 18.7.2015 Boston Globe: Latest
Will a recent surge in apartment building help rent prices?
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The millennial boom is over in D.C. Is that terrible news for the economy? 17.7.2015 Washington Post
For much of America, it was a long, slow crawl out of the Great Recession. Five years ago, auto and steel plants had shut their doors. Investments had collapsed. Foreclosures and unemployment were spiking.Read full article ...
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Illinois jobless rate drops in June 17.7.2015 Chicago Tribune: Business
The Illinois jobs report was a mixed picture in June, as the unemployment rate fell below 6 percent for the first time in more than seven years but the state lost 7,500 jobs, according to the state Department of Employment ...
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Yellen tilts gradually towards a rise in rates 16.7.2015 Financial Times: Editorial
The US Fed chair ably prepares the market for a long-awaited tightening
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Brazil’s president says, ‘I’m not guilty,’ but even allies wonder if she can survive 16.7.2015 Washington Post: World
CURITIBA, Brazil — Last week Brazil’s President Dilma Rousseff, looking increasingly isolated in a deepening political crisis, gave a newspaper interview to insist: “I’m not going to fall.”Rousseff said she was “not guilty” in the multibillion-dollar corruption scandal at the state-run oil company Petrobras, even as a criminal investigation, dubbed Operation Car Wash, tightens around leading politicians from her ruling coalition.Read full article ...
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5 questions Fed Chair Yellen will face from Congress 15.7.2015 AP Business
WASHINGTON (AP) -- Federal Reserve Chair Janet Yellen will deliver the central bank's mid-year economic outlook this week to Congress, where she will face grilling from House and Senate lawmakers....
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The Fix: The most distressed cities are in blue states. The most unequal are in red states. 13.7.2015 Washington Post: Politics
In this, the pre-primary 2016 presidential race season, it's clear that Democrats plan to make economic health and inequality a major theme of the campaign.The Elizabeth Warren movement has forced all Democrats to talk in these terms. And indeed, Hillary Rodham Clinton, Bernie Sanders and Martin O'Malley have all begun talking about these issues on the campaign trail and sharing policy ideas. All of those campaigns have made hay of GOP presidential contender Jeb Bush's apparent suggestion that people need to work more hours (Bush says he was referring only to part-time employees). Democrats also are going after Republicans for opposing a minimum-wage increase and are hitting them on other policies they say exacerbate the wage gap.Read full article ...
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Puerto Rico's soaring cost of living, from giant electric bills to $5 cornflakes 12.7.2015 The Guardian -- Front Page
In recession since 2006, the island is grappling with supermarket items 21% higher than the US average – even as 41% live in poverty Puerto Rico is in a severe fiscal crisis due to its $72bn in debt , which its governor recently declared was “not payable”. It has been in recession since 2006, with a generally contracting economy creating an unemployment rate of about 12-13% compared to the US rate of 5.5% and about a 41% poverty rate compared to the US’s 14.3%. While the island is dotted with US chain stores like Walmart and Walgreens – amounting to the largest concentration of those stores in the world – residents face high costs for many necessities, while earning a remarkably low per capita income of about $19,000 per year, half the US average. A recent report by Puerto Rico’s Institute of Statistics compared the cost of living in Puerto Rico with that of more than 325 urban areas in the US. It found that supermarket items were 21% more expensive than in the US. Utilities were the fourth-priciest in ...
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What has austerity done for the eurozone? 11.7.2015 BBC: Business
What has cost-cutting done for the eurozone?
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Dear Jeb: that soundbite was not a gaffe 10.7.2015 The Moderate Voice

Jeb Bush: so much wrong with "work longer hours" -- from wages decoupled from productivity in 1975 to the myth of a 40 hour week.

The post Dear Jeb: that soundbite was not a gaffe appeared first on The Moderate Voice.

Cruz Off on Hispanic Unemployment 10.7.2015 FactCheck
Sen. Ted Cruz claims that Hispanic unemployment and Hispanic teen unemployment have gone up under President Obama. But Hispanic unemployment is lower now than when Obama took office.
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