“The economy was booming in 2000 and 67.1% of the working age population were in the labor force. Today the economy is… Continue reading
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Unemployment
Euro-region unemployment rose to the highest in more than 14 years and manufacturing contracted for an eighth month, suggesting the economy probably slipped into a recession in the first quarter.
The european economy has been… Continue reading
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[caption id="" align="alignleft" width="150" caption="WASHINGTON - DECEMBER 07: Federal Reserve Bank Chairman Ben Bernanke (L) sits next to Sun Trust Bank of Greater Washington President and CEO Scott Wilfong during the Economic Club of Washington's… Continue reading
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Today’s seasonally adjusted figure of 351,000 from the Department of Labor “matches a four-year low,” “the lowest level in four years,” and “back to a four-year low.” Continue reading
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In the last three months of 2011, people in work in the euro zone fell. Highlighting the difficulty Europe is having in trying to recover as in the US.
[caption id=”" align=”alignright” width=”200″ caption=”Image… Continue reading
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Mr Montoro told a parliamentary commission that official figures due Friday will show 5.4m people were out of work at the end of December, up from 4.9m in the third quarter, when the jobless rate was 21.5pc. Continue reading
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Pain and Misery index, a measure of unemployment plus inflation is the highest ever, particularly if U6 unemployment, the broadest indicator and true inflation is taken into account. Continue reading
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Sir Mervyn King was speaking after the decision by the Bank’s Monetary Policy Committee to put £75billion of newly created money into the economy in a desperate effort to stave off a new credit crisis and a UK recession. Continue reading
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Bernanke to extend September 20th Fed meeting from one day to two to allow for a further discussions on how they can jumpstart the stalled economy. Continue reading
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Americans haven’t felt this bad in almost three decades. The chart above shows the correlation between the U.S. Misery Index, or the sum of the unemployment and inflation rates, and measures of consumer confidence. Continue reading
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Few were prepared for last week’s grim US employment numbers, up a mere18,000 instead of the expected 157,000. There has been virtually no improvement in part-time employment in a full year. More than 8.5 million workers want a full-time job and cannot find one. Continue reading
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