User: newstrust Topic: Personal Finance
Category: Unemployment
Last updated: Jan 14 2017 11:44 IST RSS 2.0
 
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Open thread for night owls: The wealthy thrive as inequality leaves millions without the basics 14.1.2017 Daily Kos
In their essay— This MLK Day, Let’s Build on What Works —Nicholas Johnson and Arloc Sherman at the Center for Budget and Policy Priorities take a look at the “safety net’s” benefits and argue for “build[ing] on what works” rather than capitulating to the demolition of existing programs. But isn’t something deeper needed to fundamentally change the situation for so many Americans? Dr. Martin Luther King Jr., whose life we celebrate next week, was a champion not only of civil rights but also of full participation in the economy for everyone.  He envisioned an America where both our economic and justice systems worked for all people — and offered routes to prosperity for those whose families’ way forward the nation had long barred. Although we’ve made significant strides, King’s goals have not yet been achieved. The great majority of America’s wealth is held by a small number of households.  In all 50 states, the average income of the top 5 percent of households is now at least ten times higher than the ...
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Live Now: Has Hollywood lost touch with American values? Let us know what you think 12.1.2017 LA Times: Commentary
Today in Entertainment: Woody Harrelson joins Han Solo 'Star Wars' film; Coen Brothers head to TV Jan. 11, 2017, 12:48 p.m. Here's what's new and interesting in the world of entertainment and the arts today: Woody Harrelson officially joins Han Solo film Coen Brothers are headed to TV with 'The...
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Why Millennials Boomerang Home - It's Not Student Loans. It's Worse 11.1.2017 Forbes.com: News
A higher percentage of millennials are living with their parents. But for many the issue is not student loans. It's a deeper problem.
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Gold Is Cheap Insurance No Matter What The Fed Will Do 9.1.2017 Forbes.com: News
WASHINGTON, DC - DECEMBER 14: Federal Reserve Board Chair Janet Yellen holds a news conference after the central bank announced an increase in the benchmark interest rate following a Federal Open Market Committee meeting December 14, 2016 in Washington, DC. With unemployment low and concern over inflation on the rise, [...]
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Capitalism Is the Problem 7.1.2017 Truthout - All Articles
Employees assemble synthesizers at Moog Music's production facility in downtown Asheville, North Carolina, June 9, 2015. Moog's new employee-ownership arrangement is more than just happy news for workers; it's a victory for the small company, whose financial success has not always matched its vast cultural impact. (Photo: Susannah Kay / The New York Times) Capitalism's tendencies toward instability and inequality have provoked reforms like the New Deal in the past. But in nearly every capitalist economy, the rich-poor divide keeps growing. It's time for a fundamental system change toward worker coops -- a change that reorganizes human relationships within the economy. Employees assemble synthesizers at Moog Music's production facility in downtown Asheville, North Carolina, June 9, 2015. Moog's new employee-ownership arrangement is more than just happy news for workers; it's a victory for the small company, whose financial success has not always matched its vast cultural impact. (Photo: Susannah Kay / The ...
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Has Hollywood lost touch with American values? 7.1.2017 LA Times: Commentary
Has Hollywood lost touch with American values? Jan. 7, 2017, 12:30 p.m. The contentious presidential campaign was filled with accusations of elitism and bias by the media -- from the news to entertainment. Many supporters of Donald J. Trump saw his victory as a repudiation of the so-called liberal...
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What Kind Of Jobs President Has Obama Been — In 8 Charts 7.1.2017 NPR News
President Obama inherited an economy that was cratering, the worst recession since the Great Depression. Slowly, but surely, things have turned around. The job market is strong, but quickly shifting.
U.S. job market evolved over Obama's 8 years 7.1.2017 Salt Lake Tribune
Washington • When President Barack Obama took office in January 2009 in the midst of the Great Recession, the economy was hemorrhaging jobs. Employers were panicking in the face of plummeting demand and a financial crisis that had frozen credit. In March 2009 alone, 823,000 jobs disappeared. When the bleeding finally stopped in February 2010, 8.7 million jobs were gone. The unemployment rate hit a painful 10 percent — a quarter-century high — in October 2009. Eight years later, the job market is...
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Job growth slows in 2016, but wages are rising 7.1.2017 LA Times: Commentary

The U.S. economy finished 2016 with a slowdown in job growth but a surge in wage gains, a mixed picture that has come to mark President Obama’s stewardship of the nation’s long but relatively weak recovery from the Great Recession.  

Employers added 156,000 jobs in December — the 75th straight...

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8 ways the US job market has evolved over Obama's 8 years 7.1.2017 AP Business
WASHINGTON (AP) -- When President Barack Obama took office in January 2009 in the midst of the Great Recession, the economy was hemorrhaging jobs. Employers were panicking in the face of plummeting demand and a financial crisis that had frozen credit....
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U.S. unemployment rate ticks up to 4.7 percent 6.1.2017 Salt Lake Tribune
Washington • U.S. employers added 156,000 jobs in December, capping a year of slower but solid hiring and providing the last major snapshot of the economy President-elect Donald Trump will inherit from President Barack Obama. Friday’s report from the Labor Department portrayed a job market that remains durable 7½ years after the recovery from the Great Recession began. Though the unemployment rate rose to 4.7 percent from a nine-year low of 4.6 percent, it did so for an encouraging reason: More ...
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December Jobs Report Reveals Tepid Jobs Growth 6.1.2017 Outside the Beltway
A tepid December jobs report tops off a tepid year.
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Employment Rate and Unemployment Rate Steady as Job Growth Slows 6.1.2017 Truthout.com
The Labor Department reported little change in the unemployment or employment rates in December, as job growth slowed slightly to 156,000 in the month. The unemployment rate edged up from 4.6 percent to 4.7 percent, but this is well within the margin of error of the survey. The overall employment-to-population ratio (EPOP) remained unchanged at 59.7 percent. The same is true for the EPOP for prime-age workers, which remained at 78.2 percent for the third consecutive month. This is more than 2 full percentage points below the pre-recession peak and almost four percentage points below the 2000 peak. Some good news in the report is that involuntary part-time employment continues to edge down, while more people are choosing to work part-time. The number of people working part-time, for economic reasons, fell slightly to 5,600,000 in December. It is now down by almost 2.2 million from December of 2013, before the key provisions of the Affordable Care Act took effect. By contrast, the number of people choosing ...
U.S. Employers Added 156,000 Jobs in December 6.1.2017 Inc
The unemployment rate crept up to 4.7% last month.
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President predicts Brazil will 'defeat the crisis' in '17 30.12.2016 Salt Lake Tribune
Sao Paulo • Brazil’s president predicted Thursday that Latin America’s largest economy would emerge from a deep recession next year to “defeat the crisis,” even as unemployment jumped yet again. Brazil’s economy has contracted for six straight quarters, and the IBGE statistics bureau reported Thursday that unemployment in the three months through November rose to 11.9 percent — nearly 3 percentage points higher than it was during the same period last year. After the figures were announced, Presi... <iframe src="http://www.sltrib.com/csp/mediapool/sites/sltrib/pages/garss.csp" height="1" width="1" > </frame>
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Wages are increasing, but what's behind it? 29.12.2016 Minnesota Public Radio: Law & Justice
It's taken years since the Great Recession, but wages are showing signs of climbing -- though not very quickly. Economists say there are reasons to believe wage growth could continue into 2017.
Wages Are Increasing, But What's Behind It? 29.12.2016 NPR News
It's taken years since the Great Recession, but wages are showing signs of climbing — though not very quickly. Economists say there are reasons to believe wage growth could continue into 2917.
Catherine Rampell: Trump is being handed a great economy. What happens when it goes south? 27.12.2016 Salt Lake Tribune
Back in October, a Marketplace-Edison Research Poll found that two-thirds of Donald Trump voters didn’t trust government-reported economic data, thanks partly to their candidate’s insistence that the numbers are bogus. Something tells me this attitude is about to change. After all, Trump will soon take office with among the most favorable economic conditions — as measured by the government and private data sources — imaginable. And you can bet that he, and his supporters, will gleefully claim cr... <iframe src="http://www.sltrib.com/csp/mediapool/sites/sltrib/pages/garss.csp" height="1" width="1" > </frame>
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Obama helped bring back economy, restless voters chose Trump 22.12.2016 AP Business
WASHINGTON (AP) -- Barack Obama&apos;s first job as president: Piece together the shards of a shattered U.S. economy....
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Economy healed under Obama, but unhappy voters chose Trump 22.12.2016 AP Top News
WASHINGTON (AP) -- He was a first-term senator-turned-president, a former law professor with little experience in economics or management. When he entered the White House he had one essential task: piece together the shards of a shattered U.S. economy....
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