Posts Tagged ‘Unemployment’

Fed announces QE3 with mortgage backed securities purchases every month

Nathan Andrada – Fourth Estate Cooperative Contributor Washington, DC, United States (4E) – The U.S. Federal Reserve announced it is undertaking open-ended purchases of $ 40bn worth of mortgage backed securities (MBS) every month expanding it long-term securities holdings. The move is the third round of quantitative easing the Fed has made since 2010 as […]

UK unemployment drops in May-July by 7,000

The Office for National Statistics (ONS) reported on Wednesday that there were 7,000 less people unemployed in the three months to July to 2.59 million, compared with the previous three months. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

U.S. adds just 96,000 jobs in August as more people give up job hunting

The U.S. non-farm sector added 96,000 new jobs in August, widely missing estimates although the unemployment rate fell to 8.1 percent compared to July’s 8.3%, according to a Labor Department report released on Friday. The two-tenths of a percent decline in the unemployment rate, however, was a result of more people leaving the labor force. […]

June payrolls miss estimates, holding unemployment above 8%

Nathan Andrada – Fourth Estate Cooperative Contributor New York, NY, United States (4E) – U.S. employers hired less workers than what was estimated in June, signalling sluggish progress towards reducing unemployment. The Bureau of Labor Statistics issued its report Thursday showing that the economy just added 80,000 jobs, which means the unemployment rate remains unchanged […]

First-time unemployment claims rise again

Initial jobless claims climbed to 386,000 for the week ending June 9, an increase of 6,000 from the previous week’s revised figure of 380,000, according to the Department of Labor. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Greek unemployment nearly double that of eurozone

Greece saw its unemployment rate climbed to a historic high of 21.9 percent in March, up from 21.4 percent in February. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Algeria: Ripe for rebellion, but wary too

The Media Line Staff Algiers, Algeria David Rosenberg / The Med – Tunisia and Libya – respectively, the cradle of the Arab Spring and the site of its worst carnage – are right next door. At home, unemployment is high, opportunities for advancement are small, and political and economic change is progressing slowly. Islamists have […]

Payroll-tax cut pact passes Congress

Congress Friday swiftly passed a deal to extend the payroll-tax cut through year-end, continue unemployment benefits and avoid a steep cut in Medicare doctors’ fee. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Jobless Claims Rise Slightly For the Week

The Labor Department said applications for first-time unemployment payouts increased, but the four-week average showed a decline. View full post on Business Stories

Stocks up on jobs report

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – The United States logged another month of lackluster job growth in November, but the mediocre growth was enough to push the unemployment rate down to 8.8 percent. The Labor Department said Friday that employers in the nation added 120,000 jobs in November, […]