Articles About Unemployment

Author:
Tom Silva
Posted:
11.26.2012

October Job-Creation Numbers Show Slight Uptick

The October employment report won’t blow anyone out of the water, but showed a modest improvement that caused many to breathe a sigh of relief.  According to the Department of Labor, 171,000 jobs were added in October – the highest number since February.  Retailing (up 36,000); healthcare (up 31,000) and business services (up 51,000) showed […]

Read More ›
Author:
James I. Clark III
Posted:
04.18.2012

Rising Unemployment Could Push Eurozone Into a Double-Dip Recession

Europe’s unemployment has soared to 10.8 percent, the highest rate in more than 14 years as companies from Spain to Italy eliminated jobs to weather the region’s crisis, according to the European Union’s (EU) statistics office.  That’s the highest since June 1997, before the Euro was introduced.  European companies are cutting costs and eliminating jobs […]

Read More ›
Author:
James I. Clark III
Posted:
03.07.2012

Economists Predicting Rosier Outlook

Economists are increasingly optimistic that certain elements of the economy will improve throughout 2012, although they are still cautious in their expectations on the overall pace of economic growth.  According to the National Association for Business Economics (NABE), forecasters have increased their expectations for employment, new home construction and business spending this year.  But they […]

Read More ›
Author:
James I. Clark III
Posted:
02.08.2012

Is Hard-Hit Ireland Resolving It’s Economic Crisis?

Ireland was one of the nations that was hardest hit by the Eurozone crisis, but now it’s being seen as leading stricken nations in their efforts to turn their economies around.  International Monetary Fund (IMF) and European Union (EU) officials are impressed by its austerity measures, imposed after the massive 2010 bailout.  For the average […]

Read More ›
Author:
Catalina Parada
Posted:
01.23.2012

A Tale of Two Countries in the Eurozone: Germany and Spain

The unemployment rate in Germany declined more than predicted in December as car and machinery exports boomed and one of the mildest winters on record helped construction jobs. The number of jobless people declined a seasonally adjusted 22,000 to 2.89 million, according to the Nuremberg-based Federal Labor Agency.  Economists had forecast a decline of 10,000.  The […]

Read More ›
Author:
Tom Silva
Posted:
01.16.2012

Santa Brings More Than 200,000 New Jobs in December

The United States added more than 200,000 jobs in December of 2011, building on a strengthening employment market that dominated the second half of the year.  This brought the unemployment rate down to 8.5 percent from the revised 8.7 percent, which had been predicted in November.  The primary growth was in transportation — primarily courier […]

Read More ›
Author:
Tom Silva
Posted:
01.11.2012

Job Creation Strengthens, But Unemployment Increases?

American companies added 244,000 jobs to the economy in April, the fastest pace in five years.  In an ironic twist, however, the unemployment rate climbed to nine percent, according to the Department of Labor.  The unemployment rate fell to 8.8 percent in March after dropping continuously since November’s rate of 9.8 percent rate. Economists had […]

Read More ›
Author:
Mike Ochs
Posted:
12.06.2011

Home Delinquencies Fall; Foreclosures Rise

Fewer borrowers currently are delinquent on their home loans, a Mortgage Bankers Association (MBA) report shows.  Curiously, new foreclosures are rising in states like California.  This is evidence that the nation still must endure significant pain before the housing crisis finally comes to an end.  According to some analysts, the nation is only halfway through […]

Read More ›
Author:
Catalina Parada
Posted:
11.15.2011

New Financial Hit to Spain: S&P Downgrades Its Credit Rating

Standard & Poor’s slashed Spain’s credit rating to AA-, three steps beneath the highly desirable AAA, underscoring the challenges facing Europe’s major powers as they meet G20 counterparts over the eurozone debt crisis.  S&P, whose move mirrored that by fellow ratings agency Fitch, cited high unemployment, tightening credit and high private-sector debt.  Spanish 10-year government […]

Read More ›
Author:
Tom Silva
Posted:
11.08.2011

Recent College Grads Can Expect Starting Salaries 10 Percent Below 2000 Levels

Recent college graduates can expect to earn 10 percent less than they did as long ago as 2000.  In fact, one of the longest-lasting legacies of the great recession may be its negative impact on the lifetime careers of young graduates.  The current high unemployment rate will leave many of them a step behind throughout […]

Read More ›

Categories

Archives