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Stories related to: unemployment

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  • September 2007

    • Job Losses Don't Add Up to Recession... Yet

      newser  |  Reuters  |  Sep 8, 07 5:00 PM CDT

      Job Losses Don't Add Up to Recession... Yet

      Eye-popping job numbers rippled through Wall Street yesterday, but analysts pooh-pooh recession fears as premature. “I think it is important we take a deep breath before screaming ‘A recession is now around the corner!’” one expert says. Four thousand lost jobs may be the worst depletion in 4 years, but leave out government hiring and jobs were actually increased last month. More »

      Tags

      US economy  • recession  • Wall Street  • unemployment  • job

    • Stocks Plummet on Jobs Report

      newser  |  Wall Street Journal  |  Sep 7, 07 4:02 PM CDT

      Stocks Plummet on Jobs Report

      The Dow lost more than 1.5% of its value, or 249.97 points, to close at 13133.38 after a devastating report showed that 4,000 jobs were lost in August, the first increase in unemployment in four years. Wall Street had anticipated job growth, and the numbers prompted concerns that the credit crunch is bleeding into the larger economy. More »

      Tags

      S&P 500  • Nasdaq  • recession  • credit crisis  • Dow Jones Industrial Average  • stocks  • unemployment  • job

    • US Lost Jobs for First Time in 4 Years

      newser  |  Bloomberg  |  Sep 7, 07 8:45 AM CDT

      US Lost Jobs for First Time in 4 Years

      In the first drop since 2003, the US lost 4,000 jobs in August, surprising experts and putting more pressure on the Fed to reduce rates at its upcoming meeting. Economists had predicted an increase of 100,000 or more jobs. The decline in employment is the clearest signal to date that the housing recession and credit crunch are hurting the broader economy, Bloomberg reports. More »

      Tags

      Federal Reserve  • recession  • United States  • unemployment  • credit market  • interest rate cut  • job  • manufacturing  • employment  • payrolls

  • August 2007

    • Iraq's Upper Class Flees

      newser  |  Der Spiegel  |  Aug 20, 07 4:08 PM CDT

      Iraq's Upper Class Flees

      More than 2 million Iraqis have left home, mostly crossing the borders into neighboring Jordan and Syria. And the upper class has been the first to go—robbing the country of the doctors, engineers and government officials necessary to rebuild it. With one of ten Iraqis living abroad, the war has become one of the largest refugee crises since the Arab-Israeli War of 1948, Der Spiegel reports. More »

      Tags

      Iraq  • inflation  • Syria  • unemployment  • refugee  • Jordan  • Iraqi refugees  • asylum  • overcrowding

    • Four in 10 US Kids Can Balance Books

      newser  |  Washington Post  |  Aug 8, 07 9:12 PM CDT

      Four in 10 US Kids Can Balance Books

      A new national test reveals that four in 10 U.S. high school students can grasp economic concepts like tariffs, banking and investment—a result that one expert says is “not discouraging.” Results showed that three in five students can point to factors that increase national debt while 11% know how shifts in the unemployment rate impact income and spending, the Washington Post reports. More »

      Tags

      inflation  • education  • race  • unemployment  • student  • high school  • economics  • investment  • racial inequality

    • Jobless Rate Rises While GDP Rebounds

      newser  |  Wall Street Journal  |  Aug 3, 07 12:44 PM CDT

      Jobless Rate Rises While GDP Rebounds

      The unemployment rate increased slightly in the second quarter, but the GDP recovered after a lackluster first quarter, providing Wall Street with a mixed report card of the nation’s economy as the Fed meets to determine interest rates. Unemployment ticked up 0.1% to 4.6%, hastened by losses in manufacturing, construction, and government, the WSJ reports. More »

      Tags

      US economy  • Federal Reserve  • Wall Street  • inflation  • interest rate  • unemployment  • consumer spending  • manufacturing  • construction  • GDP  • economic growth

  • July 2007

    • Consumer Confidence Rises

      newser  |  Bloomberg  |  Jul 31, 07 4:18 PM CDT

      Consumer Confidence Rises

      Consumer spending rose more than expected this month, to its highest level in 6 years, after shoppers tightened their belts in June, Bloomberg reports. Consumer confidence jumped 7.3 points according to a Conference Board index, suggesting the slump was temporary. Economists chalk up the spending jump to low unemployment and the fact that incomes are growing faster than inflation. More »

      Tags

      housing market  • inflation  • real estate  • unemployment  • consumer  • income  • consumer confidence index

  • June 2007

    • East German Women Are Heading West

      newser  |  Der Spiegel  |  Jun 1, 07 5:11 PM CDT

      East German Women Are Heading West

      Young, educated women are fleeing eastern Germany—and Neo-Nazi parties are flourishing in the vacuum  they leave behind. One-and-a-half million people, two-thirds of them women, have left left the economically stagnant east since the mid-1990s, a new study shows. More »

      Tags

      Germany  • unemployment  • Neo-Nazi  • East Germany  • political party

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