IBTimes.com : Unemployment Topic

Greek Pro-Bailout Party Regains Lead Over Anti-Bailout Party: Polls

Sat, 26 May 2012 23:51:59 EDT

Greece's conservatives have regained an opinion-poll lead that could foreshadow the formation of a pro-bailout government committed to keeping the country in the euro zone, a batch of new surveys showed on Saturday.

French back Hollande's first days in power - poll

Sat, 26 May 2012 16:35:02 EDT

Close to two thirds of French people approve of President Francois Hollande's actions in his first days in power, a poll showed on Saturday, giving him a strong foundation to face a parliamentary election and the challenges of the euro crisis.

Government plans migrant curbs if euro folds - paper

Sat, 26 May 2012 10:21:03 EDT

Britain is drawing up emergency immigration controls to combat any surge in economic migrants from Greece and other European Union countries if the euro collapses, its interior minister said in remarks published on Saturday.

UK plans migrant curbs if euro folds - paper

Sat, 26 May 2012 10:21:02 EDT

Spain's Bankia eyes stake sales after record bailout

Sat, 26 May 2012 08:35:02 EDT

Spain's Bankia on Saturday prepared to sell stakes it holds in companies as part of its clean-up after a state rescue of the real estate-laden bank that has so far cost 23.5 billion euros ($29.40 billion).

US Cities with Most Underwater Mortgage [SLIDESHOW]

Sat, 26 May 2012 05:46:11 EDT

The persistent downturn in the US has taken a toll on mortgage debt in some of the major cities with homes continuing to be underwater about six years after home prices peaked, a recent report reveals.

Deeper Metals Price Falls Needed to Spark Closures

Fri, 25 May 2012 17:02:59 EDT

A rout in commodity markets has pushed prices of aluminum, zinc and nickel down to levels where many high-cost producers are starting to suffer, although the pain threshold may have to increase before widespread closures help balance markets.

Hollande makes surefooted start before assembly vote

Fri, 25 May 2012 15:42:03 EDT

Socialist President Francois Hollande has defied critics who considered him an inexperienced lightweight by starting with a burst of globetrotting activity and standing up to Berlin and Washington on euro and foreign policy.

Curt Schilling Fires Entire Staff in ‘Non-Voluntary’ Layoffs at Video Game Company 38 Studios

Fri, 25 May 2012 10:03:06 EDT

Former Boston Red Sox pitcher and tech entrepreneur Curt Schilling fired his entire staff at his Rhode Island-based video game company, 38 Studios, on Thursday, leaving more than 300 employees without jobs because the company couldn't repay its debt to the state.

Struggling White Voters Overwhelmingly Back Romney: Poll

Fri, 25 May 2012 10:01:12 EDT

With the approaching presidential election likely to serve as a referendum on the economy, Mitt Romney appears poised to dominate white voters still fighting to weather the economic downturn.

Greece Crisis: Mother and Son Commit Suicide over Financial Woes

Fri, 25 May 2012 02:24:44 EDT

Antonis Perris was a 60-year-old Greek musician and his mother was 91 years' old.

Romney Gets Pass From Time, ABC As Rare Interviews Turn Into Softball

Thu, 24 May 2012 19:25:13 EDT

When Romney agreed to sit with Time magazine's Mark Halperin for an interview, it was truly a rare moment. Unfortunately, Romney didn't do much more than respond to a series of softball questions with the same talking points he's made in the past.

Daily Forex Forecast 05/25/2012

Thu, 24 May 2012 19:23:49 EDT

Whilst troubles in Europe continued to escalate overnight the Australian dollar has decided enough is enough for now and has remained in range-bound consolidation mode. I

U.S. economy trudges along as others falter

Thu, 24 May 2012 17:35:02 EDT

The number of Americans filing new claims for jobless benefits dipped last week, indicating the economy is plodding along even though headwinds from Europe cut into U.S. factory activity growth this month.

Tokyo, Madrid, Istanbul Vie For Olympic (Pot Of) Gold

Thu, 24 May 2012 14:13:03 EDT

Do host cities make money?

Economy trudges along despite Europe turbulence

Thu, 24 May 2012 13:35:05 EDT

The number of Americans filing new claims for jobless benefits dipped last week and factory activity grew but at a slower pace in May, indicating the economy was plodding along despite growing headwinds from Europe.

Romney's Latino Woes Continue

Thu, 24 May 2012 12:27:17 EDT

Mitt Romney continues to trail far behind President Obama among Latino voters, imperiling his prospects in a handful of swing states.

Romney's 6% Unemployment Promise Not As Bold As It Sounds

Thu, 24 May 2012 12:16:29 EDT

The Congressional Budget Office said earlier this year in a report that the unemployment rate is already on its way down and will gradually decline to around 7 percent by the end of 2015, before dropping to near 5.5 percent by the end of 2017.

Economy trudges along as others falter

Thu, 24 May 2012 12:14:03 EDT

Data Disappoints in Europe, US

Thu, 24 May 2012 10:52:56 EDT

In economic news, the euro data was overwhelmingly negative, which interestingly enough did not propel the euro lower.

Jobless claims little changed last week

Thu, 24 May 2012 08:42:03 EDT

New claims for unemployment benefits fell slightly last week, government data on Thursday showed, suggesting the labor market continues to expand at a moderate pace.

Succession question fuels uncertainty in Oman

Thu, 24 May 2012 06:28:03 EDT

Oman's Sultan Qaboos bin Said rules his perch on one of the world's busiest shipping lanes as an absolute monarch, without checks from a parliament or judiciary.

US Stock Futures Point To Lower Opening Thursday

Thu, 24 May 2012 06:15:48 EDT

Futures on major U.S. indices point to a lower opening Thursday ahead of initial jobless claims and durable orders data.

Australian Stock Market Report – Afternoon 5/24/2012

Thu, 24 May 2012 04:40:06 EDT

The Australian sharemarket kicked off the session a little higher for the third time this week, only to start losing ground following some disappointing economic data in China. The All Ordinaries Index (XAO) fell 0.3 pct or 12.6 pts to 4106.2. Today, 10 out of 12 sectors finished in the red; however the defensive healthcare industry was the best and rose 1 pct.

Daily Forex Foracast 05/25/2012

Wed, 23 May 2012 19:08:37 EDT

Fears of an impending Greek exit from the euro sent markets into a tail spin yesterday, the euro breaking critical support levels and taking the Australian Dollar down with it.

Romney, Obama and the Economy

Wed, 23 May 2012 18:44:41 EDT

Voters were evenly divided between Republican Presidential candidate Mitt Romney and US President Barack Obama, a Democrat on handling the economy, the top concern of voters, according to a new poll published Tuesday. A survey conducted by The Washington Post and ABC News Thursday through Sunday showed that the Democratic incumbent and his Republican challenger were tied at 47% on the US economy.

Spain bails out Bankia, seeks plan for troubled regions

Wed, 23 May 2012 17:35:02 EDT

Spain announced a 9-billion-euro (7.22 billion pounds) bailout for troubled lender Bankia on Wednesday, while also seeking ways to help its highly indebted regions meet huge refinancing needs that threaten to drag the country deeper into the euro zone crisis.

Spain to inject $11.3 billion funding gap at Bankia

Wed, 23 May 2012 14:42:02 EDT

Spain said on Wednesday its rescue of problem lender Bankia would cost at least 9 billion euros ($11 billion), as the government tries to clean up a banking system that threatens to drag the country deeper into the euro zone crisis.

Spain to fill 9 billion euro funding gap at Bankia

Wed, 23 May 2012 14:35:02 EDT

Spain said on Wednesday its rescue of problem lender Bankia would cost at least 9 billion euros (7.2 billion pounds), as the government tries to clean up a banking system that threatens to drag the country deeper into the euro zone crisis.

The Real Crash

Wed, 23 May 2012 13:02:22 EDT

I first came to national attention back in 2008 and 2009 when the housing and credit markets imploded. I became known as the guy that other market "experts" laughed at when I warned of trouble brewing in the seemingly indestructible American economy.

Domestic Violence Is Biggest Security Threat To Women Of West Africa: Report

Wed, 23 May 2012 11:43:26 EDT

A report issued Tuesday from the International Rescue Committee finds that in countries recovering from war in West Africa, domestic violence is the biggest threat to women's safety.

Euro crisis pain primes Britain for more stimulus

Wed, 23 May 2012 10:21:03 EDT

The Bank of England signalled on Wednesday it was likely to pump more money into the struggling British economy if the euro crisis causes more mayhem, and the government flagged new steps to boost growth.

Italian Consumer Confidence Hits 15-Year Low, UK Retail Sales Slump

Wed, 23 May 2012 09:53:45 EDT

European consumers are tightening the purse strings as their confidence in the region's economy continues to fade amid concern that the recession may worsen.

Top Ten Happiest Countries in the World in 2012 [SLIDESHOW]

Wed, 23 May 2012 09:34:07 EDT

United States fails to make the top ten happiest countries in the world, while countries like Australia, Israel and all of the Scandinavian nations do. Denmark is the happiest country in 2012.

UK Retail Sales Plunge 2.3% in April as Weather Hits Hard

Wed, 23 May 2012 04:40:18 EDT

The retail sales fall wipes out gains made in March and is another sign that the UK is back in recession.

Australia Tops OECD Better Life Index of Industrialised Nations

Wed, 23 May 2012 01:02:15 EDT

Australia ranks as world's happiest nation in OECD Better Life Index - ahead of Norway and US.

Growth to be Bigger Priority in China: Jiabao

Tue, 22 May 2012 19:33:04 EDT

Chinese Premier Wen Jiabao has called for stimulus policies that would boost the nation's slowing economic prospects.

Market Winds May Be Shifting

Tue, 22 May 2012 16:11:15 EDT

The G8 leaders also said that it is “our imperative to promote growth and jobs”.

Daily Summary on USD, Euro, GBP, JPY, CAD, AUD and NZD

Tue, 22 May 2012 12:32:38 EDT

The dollar is mixed this morning, falling lower against many East Asian and Scandinavian currencies while pushing back to the top of its recent ranges against its other major counterparts. Stocks and commodities have generally extended yesterday's rally even as economic data came in mixed. Existing home sales registered slightly better than expected at 4.62M versus 4.

IMF's Christine Lagarde tells UK: 'Growth Too Slow' [NEWS VIDEO]

Tue, 22 May 2012 12:30:32 EDT

The British government and the Bank of England must do much more to stimulate growth in the country's economy, the IMF's Christine Lagarde said.

Euro zone consumer confidence rises in May

Tue, 22 May 2012 11:56:03 EDT

Euro zone consumer confidence nudged higher in May, figures released on Tuesday showed, though inflation and unemployment continued to temper improvements in sentiment.

New Democrat Ad: Republicans Attack Romney's Bain Background, Too

Tue, 22 May 2012 11:29:40 EDT

As Republicans take the words of Newark Mayor Cory Booker and other Democrats to slam Obama's attack on Mitt Romney's private-equity roots, Democrats would like to remind the public that prominent GOP politicians have gone after Bain Capital, too.

Spain: Teachers And Students Protest Education Spending Cuts

Tue, 22 May 2012 11:05:03 EDT

Teachers and students in Spain staged a mass strike on Tuesday in protest of government budget cuts that could put 100,000 substitute teachers out of work.

Oil lower on EU concerns

Tue, 22 May 2012 09:40:28 EDT

The risk asset markets are struggling to get a bid this morning after a modest short covering rally to start the week. The underlying problems that have driven oil, equity and most commodity markets lower over the last month or so have not changed. The only change that has occurred is talk of change with no specific outline for a plan to solve the problems.

IMF tells the government: Do more to drive growth

Tue, 22 May 2012 08:42:03 EDT

Britain must do more to bolster demand and the Bank of England should purchase more assets or even cut its main interest rate - already at a record low - to prevent years of sluggish growth, the International Monetary Fund said on Tuesday.

OECD Sees Euro Zone Crisis Threatening Global Recovery

Tue, 22 May 2012 08:29:28 EDT

The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the euro zone fails to contain the damage from its problem debtor states, the OECD said on Tuesday.

OECD sees euro crisis threatening world recovery

Tue, 22 May 2012 07:28:02 EDT

The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the euro zone fails to contain its flaring growth crisis, the OECD said on Tuesday.

IMF tells Britain: Do more to drive growth

Tue, 22 May 2012 07:14:01 EDT

The People Have Spoken and Precious Metals Will Soar: Leonard Melman

Mon, 21 May 2012 18:42:02 EDT

The elections in Greece and France have shown that in democratic societies the people are the ultimate deciders of how well the best-laid economic plans will work out in the long run. In this exclusive interview with The Gold Report, Leonard Melman, veteran precious metals analyst and publisher of T...

Natural Resource-Related Stocks Show Promise: Frank Barbera

Mon, 21 May 2012 18:35:02 EDT

From gold and silver to energy and oil services, Frank Barbera, editor of The Gold Stock Technician Newsletter, sees a bright future for commodities and their equities. In this exclusive Gold Report interview, Barbera cites large blue-chip and midtier mining companies, especially those now paying di...