Friday’s dismal job figures should serve as a wake-up call to all astute investors that the U.S. economy is far weaker than is being reported by the financial media.
U.S. tax preparation giant, H&R Block, recently conducted a study into how a college student’s choice of a major impacts their paycheck.
Congress should end the most regressive of all taxes, the inflation tax, by ending the Federal Reserve.
With 50 million Americans living in poverty and over 1 million homeless U.S. public school students, it’s time for a new strategy.
Watch Jerry Robinson on Glenn Beck’s TV network…
If you haven’t noticed, the education system in America is in crisis mode. Take a look at the shocking statistics.
After beginning the fourth quarter near bear market territory, the major U.S. stock indexes staged a rally this week on news that Europe would step in to help its ailing banking sector along with some better than expected economic data in the U.S.
International Labour Organisation said the group of developing and developed nations had seen 20m jobs disappear since the financial crisis in 2008.
The world economy has entered a “dangerous new phase,” according to the chief economist of the International Monetary Fund. As a result, the international lending organization has sharply downgraded its economic outlook for the United States and Europe through the end of next year.
The weak job market in the U.S. is sending many in search of a meaningful career headed to Asia, experts say.
The ranks of U.S. poor swelled to nearly 1 in 6 people last year, reaching a new high as long-term unemployment woes left millions of Americans struggling and out of work.
Despite trillions of dollars in stimulus and Washington’s hype over a “recovery”, the economy is still barely growing in most parts of the country.
Editor’s Note: As the month of June comes to a close, the unemployment picture in the United States is still bleak at best. A news story from Reuters indicates that this week marks the 12th straight week that jobless claims were above “normal” or stable levels. We are not surprised by the unemployment levels, and in fact, we believe that the numbers are much higher than the government reports. We expect unemployment to remain high as economic conditions continue to worsen for the nation.
The unemployed have, on average, remained unemployed longer than in the 1930s; Employers wary of job gaps in resumes
With federal extended unemployment benefits coming to an end this year, some states are getting creative about moving people off the public dole.
2010 World Economy Growth Forecast: 4.6%… In July, the International Monetary Fund (IMF) said that the global economy would grow at a rate of 4.6% — the highest rate since 2007.
It appears that despite the “best” efforts of Washington, the U.S. economy is continuing its miserable collapse. The jobless rates are more than just mere numbers. They represent agonizing pain of families who are in fear of losing their home to foreclosure and their creditworthiness to bankruptcy.
People queue for a job fair in New York. The share of the US working-age population with jobs in June fell from 58.7pc to 58.5pc. The ratio was 63pc three years ago. “The economy is still in the gravitational pull of the Great Recession,” said Robert Reich, former US labour secretary. “All the booster rockets for getting us beyond it are failing.”
With her unemployment benefits coming to a halt, Miriam Cintron is forced to make a difficult choice between health insurance and daily expenses.
U.S. consumers are increasingly worried about jobs and the economy, the Conference Board said Tuesday, as it reported that its consumer confidence index plummeted to 52.9 in June — the lowest level since March — from a downwardly revised 62.7 in May.
Recessions are common; depressions are rare. As far as I can tell, there were only two eras in economic history that were widely described as “depressions” at the time: the years of deflation and instability that followed the Panic of 1873 and the years of mass unemployment that followed the financial crisis of 1929-31.
The number of people filing new claims for jobless benefits jumped last week after three straight declines, another sign that the pace of layoffs has not slowed.
American companies hired fewer workers in May than forecast and workers dropped out of the labor force, indicating government support is still needed to spur economic growth. Private payrolls rose by 41,000, Labor Department figures showed today, trailing the 180,000 gain forecast by economists. Including government workers, employment rose by 431,000, boosted by a jump in hiring of temporary census workers. The jobless rate fell to 9.7 percent from 9.9 percent.