User: newstrust Topic: Personal Finance
Category: Unemployment
Last updated: Jul 21 2014 20:23 IST RSS 2.0
 
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Youth unemployment crisis hits African-Americans hardest 21.7.2014 Minnesota Public Radio: News
For young people between the ages of 16 and 24, unemployment is more than twice the national rate, at 14.2 percent. For African-Americans, that rate jumps to 21.4 percent. Discrimination could be a factor. But so is a sluggish economy, experts say.
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The Youth Unemployment Crisis Hits African-Americans Hardest 21.7.2014 NPR News
Hidden economic forces like job-specific segregation are keeping young minorities out of the job market.
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US jobs: Slim pickings 20.7.2014 Financial Times: Analysis
Despite rising employment and productivity levels, wages remain stubbornly static, slowing the economic recovery and casting doubts on Barack Obama’s economic legacy
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The flip side of lower jobless numbers: staffing 20.7.2014 Twincities.com: Business

News this past week that the Minnesota unemployment rate ticked down to 4.5 percent in June and that employers continue to add jobs was greeted warmly by state officials.

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57 million living in multigenerational households 20.7.2014 SFGate: Business & Technology
Gennadiy Goldberg, a strategist at TD Securities, on signs the U.S. job market is showing improvement. Heads up Apple reports quarterly earnings on Tuesday, and Wall Street estimates that net income at the world's most valuable company will rise 9 percent to $7.5 billion. Analysts predict record sales later this year for the next generation of iPhones, which may include larger-screen models to compete with Samsung's successful Galaxy smartphones.
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Colorado, county see job growth 19.7.2014 Durango Herald
Colorado’s unemployment rate dropped in June to 5.5 percent, three-tenths of a percentage point lower than May’s rate of 5.8 percent, according to a news release issued Friday by the office of Government, Policy and Public Relations.Colorado’s June jobless rate outpaced the nation’s rate of 6.1 percent.
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California's unemployment rate falls to 7.4% 19.7.2014 LA Times: Opinion
California's unemployment rate fell to 7.4% in June — a month in which the state finally recovered all the jobs lost during the recession.
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Utah’s job picture picked up steam in June 18.7.2014 Salt Lake Tribune
From a Utah jobs’ perspective, few months since the onset of the Great Recession have been as good as June. The state had 44,600 more residents on payrolls last month than in June 2013, a 3.5 percent year-over-year gain. At the same time, Utah’s unemployment rate also hit the 3.5 percent mark, falling 0.1 percent since May. “June’s job growth is the highest thus far in 2014, both in terms of rate and numerical change — a growing job market aligns with the downward trend in the unemployment rate ...
Monkey Cage: The free market is an impossible utopia 18.7.2014 Washington Post: Politics
Fred Block (research professor of sociology at University of California at Davis) and Margaret Somers (professor of sociology and history at the University of Michigan) have a new book, “The Power of Market Fundamentalism: Karl Polanyi’s Critique” (Harvard University Press, 2014). The book argues that the ideas of Karl Polanyi, the author of “The Great Transformation,” a classic of 20th century political economy, are crucial if you want to understand the recession and its aftermath. I asked the authors a series of ...
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U.S. labor force decline threatens economy, Obama's economists say 18.7.2014 Twincities.com: Nation

WASHINGTON -- White House economists say the increasing number of Americans leaving the labor force dampens growth and demands policy changes that create more job opportunities and add workers.

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Consumers are padding their checking accounts 18.7.2014 LA Times: Top News
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Report: Labor force drop had pre-recession roots 18.7.2014 Twincities.com: Business
WASHINGTON (AP) — Declaring the Great Recession only partly to blame, White House economists say the increasing number of Americans dropping out of the labor force dampens economic growth and demands policy changes that create more job opportunities and add workers.
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Report: Labor force drop had pre-recession roots 18.7.2014 AP Politics
WASHINGTON (AP) -- Declaring the Great Recession only partly to blame, White House economists say the increasing number of Americans dropping out of the labor force dampens economic growth and demands policy changes that create more job opportunities and add workers....
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How states fared on unemployment benefit claims 17.7.2014 Salt Lake Tribune
Fewer people applied for U.S. unemployment benefits last week, evidence that recent job gains should continue. The Labor Department says weekly applications for unemployment aid fell 3,000 to a seasonally adjusted 302,000. The less volatile four-week average has slipped to 309,000, the lowest reading since June 2007, about five months before the Great Recession began. Here are the states with the biggest increases and decreases in applications. The data is for the week that ended July 5, one wee...
Applications for US jobless benefits fall to 302,000; 4-week average lowest since June 2007 17.7.2014 Star Tribune: Politics
US unemployment aid applications drop to 302,000 17.7.2014 Twincities.com: Nation
WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits fell last week, a steady decline that suggests a strengthening job market.
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US unemployment aid applications drop to 302,000 17.7.2014 Minnesota Public Radio: Business
The four-week average, a less volatile measure, dropped 3,000 to 309,000, the level since June 2007, about five months before the start of the Great Recession.
Keep building state's reserve fund 17.7.2014 Star Tribune: Editorials
Economic news is good, but state revenues remain volatile.
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Yellen tells Congress that economy still needs Fed's help 16.7.2014 San Jose Mercury News: Breaking News
Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.
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Yellen says economy still needs high degree of Fed support because recovery not yet complete 15.7.2014 Star Tribune: Business
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