User: newstrust Topic: Personal Finance
Category: Unemployment
Last updated: Dec 21 2014 23:55 IST RSS 2.0
 
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Weak growth continues to hammer Illinois economy 20.12.2014 Chicago Tribune: Business
Weak growth continues to hammer Illinois economy
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California adds 90,100 jobs in November 20.12.2014 LA Times: Business
Capping off three years of strong job growth, California employers added another 90,100 positions in November — one of the largest monthly hiring spurts in two decades.
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Veterans find job prospects heating up with new law 20.12.2014 Minnesota Public Radio: Business
Those who want to become Minneapolis firefighters face an extremely competitive process. But being a veteran gives candidates an advantage, thanks to a new state law.
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It's long past time for overtime pay for the middle class 18.12.2014 Daily Kos
Working Americans have a problem. And that means President Obama and his Democratic Party have a problem, too. Despite the robust economic recovery, the steep decline in unemployment, a surging stock market, rising investment and plummeting gas prices, wages have hardly budged . After briefly dipping during the great recession which began in late 2007, income inequality has reached levels not seen since the 1920s, while the gap between middle- and upper-income families is, according to the Pew Research Center, now "the widest on record." Meanwhile, new measures designed to aid and expand the middle class—including major infrastructure investment, action of college tuition, federal assistance to help state and local governments rehire teachers, firefighters and police—remain blocked by Republicans in Congress. It's no wonder, as the New York Times reported, Democrats are divided "over how—even whether—to take any" credit for the improving economy they helped rescue. All of which is why President Obama ...
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Opposition party seeks referendum asking Italians if they want to keep using the euro currency 18.12.2014 Star Tribune: World
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What Makes Nonviolent Movements Explode? 18.12.2014 Truthout.com
Occupy Wall Street March 16, 2012. (Photo: Michael Fleshman ) Why are some protests ignored and forgotten while others explode, dominating the news cycle for weeks and becoming touchstones in political life? For all of those seeking to promote change, this is a critical question. And it was a particularly pressing concern after the financial meltdown of 2008. In the years following the crash, America entered into its worst economic crisis in three quarters of a century. The unemployment rate reached into double digits, something that had not happened in the lifetimes of more than a third of all Americans. State governments reported record demand for food stamps. And yet, debate in Washington, D.C. — influenced by the activism of the insurgent Tea Party — revolved around cutting the budget and trimming social programs. "We were basically having an insane national discussion," remarked economist and New York Times columnist Paul Krugman. It took an outburst of popular action to change this. And that ...
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Bank stress tests: Co-op fails as Lloyds and RBS scrape through 16.12.2014 The Guardian -- Front Page
Three out of eight high street banks found to be lacking financial strength in Bank of England tests

Three banks – the Co-operative Bank, Lloyds Banking Group and Royal Bank of Scotland – were found to be lacking financial strength by the Bank of England after being subjected to tests designed to measure their ability to withstand economic shocks.

In order to test the resilience of the financial sector, the central bank created a hypothetical scenario involving a deep recession, an unprecedented collapse in house prices, soaring unemployment and a sharp rise in interest rates.

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Bank of England stress test results – live 16.12.2014 The Guardian -- Front Page
8.07am GMT A reminder, if you’re just joining us, of the details of today’s stress tests. Eight UK banks were probed to see how their capital reserves would cope in an adverse scenario , in which Britain suffered a steep recession, the pound slumped, inflation soared, interest rates were hiked, the jobless rate doubled and house prices crashed. 7.59am GMT And these two charts, from the BoE’s financial stability report , show how how global growth prospects have weakened since the spring... 7.52am GMT The Bank of England has also declared that the outlook for the global economy has darkened in the last six months, as political tensions grow. The warning comes in its latest Financial Stability Report ( pdf ), released alongside today’s stress tests. The global economic outlook has weakened since the June 2014 Report and market concerns over persistent weak nominal growth and geopolitical risk have increased. These developments could affect the outlook for financial stability in the United Kingdom if ...
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Spain offers new benefit for long-term unemployed 16.12.2014 The Guardian -- World Latest
450,000 people expected to qualify for benefit, intended to help those who have exhausted all other unemployment support Continue reading...
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Fewer Births and Divorces, More Violence: How the Recession Affected the American Family 15.12.2014 Truthout - All Articles
Observers may be quick to declare social trends “good” or “bad” for families, but such conclusions are rarely justified. What’s good for one family – or group of families – may be bad for another. And within families, interests do not always align. Divorce is “bad” for a family in the sense of breaking it apart, but it may be beneficial, or even essential, for one or both partners or their children. This kind of ambiguity makes it difficult to assess what kind of impact the recent recession and its aftermath had on families. But for researchers, at least, it offers a lot of job security – so many questions, so much going on. In any case, here’s where we stand so far. The effect of the Great Recession on family trends in the United States has been dramatic with regard to birth rates and divorce, and has been strongly suggestive of family violence, but less clear for marriage and cohabitation. Marriage rates declined, and cohabitation rates increased, but these trends were already underway, and the ...
Will employers raise wages in improved economy? 15.12.2014 Minnesota Public Radio: News
We look at the latest economic conditions and when employees might see improved wages.
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The eurozone crisis - history is repeating itself … again 14.12.2014 The Guardian -- Front Page
The longer the eurozone crisis drags on the bigger the benefit for parties suchas Ukip - if only Europe could recognise and learn from its mistakes

It’s funny how history repeats itself. The inconclusive general election in 2010 took place when the economy appeared to be on the mend and against the backdrop of a crisis in the eurozone prompted by Greece. As things stand, we could be in for a repeat performance in May 2015.

Be in no doubt, what’s happening in Europe matters to Britain. The eurozone is perhaps one crisis and one deep recession away from splintering. The more TV pictures of rioting on the streets of Athens or general strikes in Italy between now and the election, the better support for Nigel Farage’s Ukip will hold up.

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Employers are warming to new hires that need training 14.12.2014 Star Tribune: Business
Manufacturers who were cutting back only a few years ago now have to be more flexible, and creative, to fill jobs.
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Midday open thread: Russell Brand on torture, renewables show their stuff, beard baubles 12.12.2014 NewsTrust Yahoo Pipes Feed
Russell Brand weighs in: We Need to Know That People Are Being Pointlessly Tortured Around the World . Initial unemployment claims down slightly last week : For the week ending Dec. 6, the Labor Department reported Thursday , 294,000 seasonally adjusted initial applications for unemployment compensation were made, down 3,000 from the previous week. For the comparable week of 2013, applications were 358,000. The four-week running average, which flattens volatility in the weekly figure, was 299,250, up 250 from the previous week. For the week ending Nov. 22, the total number of people receiving compensation was 2,153,612, down 95,846 from the previous week. For the comparable week of 2013, there were 3,820,947 persons receiving compensation. That big drop is partly from people getting jobs or exhausting their eligibility, but also because Republicans refused last December to renew the federally funded emergency program designed early in the Great Recession to provide extended compensation to people out of ...
Italian PM not backing down on reform plans in face of general strike 11.12.2014 Star Tribune: World
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How Non-bank Lenders Can Serve Small Businesses Better 11.12.2014 Inc
How Non-bank Lenders Can Serve Small Businesses Better
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Australia jobless rate at 2002 high 11.12.2014 BBC: Business
Australia's unemployment rose to 6.3% in November - the highest since 2002 - despite nearly 43,000 jobs being added to the economy.
California unemployment to drop closer to U.S. rate 10.12.2014 LA Times: Opinion
California's unemployment rate will nearly equal that of the nation within two years, according to a new forecast.
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Some good ideas for consolidating the recovery — and reviving bipartisanship — in 2015 8.12.2014 Washington Post: Editorials
THE U.S. labor market continues to heal. Employers created more than 300,000 new payroll jobs in November, the vast majority of them in the private sector. The unemployment rate remains at 5.8 percent , but there are signs that wages at last are growing again, at least ...
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2014: The year when the job market finally turned the corner 6.12.2014 Minnesota Public Radio: Business
Seven years after the Great Recession began, the U.S. job market finally is growing at a robust pace.
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