UNEMPLOYMENT

FDI In Retail: Will It Boost India's Economy Or Leave Millions Jobless?

Supermarket Chain
Indian retail sector, which is one of the fastest growing in the world, is under immense pressure to allow the Foreign Direct Investment. With multi-national retail giants like Wal-Mart and CarreFour and foreign investors lobbying the government to throw open the retail sector, the government has made several futile attempts in the past two years to allow FDI in retail.
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Coal

No Coal, No Hope: Mine Cutbacks Kill Recovery In Appalachia

Clean energy advocates may be celebrating the decline of coal-fired power. But in the heart of Kentucky's Appalachia, ground zero for coal country, mining is essentially the economy. And there, no coal means no recovery
Like a diver vaulting off a high cliff into the water, the US economy will be vaulted off a financial cliff on Jan. 1, 2013 -- unless Congress acts.

Fiscal Cliff: If You Aren't Worried, Here's Why You Should Be

While the euro zone fiscal crisis has grabbed the spotlight, the U.S. faces its own fiscal crisis. The simultaneous onset of tax increases and spending cuts scheduled for Jan. 1 -- which will trigger unless Republicans and Democrats can agree on a balanced budget solution -- will likely send the economy plunging off a $720 billion fiscal cliff and into the arms of another recession.
Jakarta, Indonesia

Investment Opportunities In The World's Newest Obscure Acronym, CIVETS

In 2009, the Economist Intelligence Unit devised an acronym for six emerging countries, CIVETS, which includes Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa. These countries were categorized as the six countries with the best chance of high, long-term growth.
Saudi women

Wider World Opened To Saudis Studying Abroad

Wearing the black face-covering veil favoured by Saudi women, Maha Mazyad looked through leaflets for prospective jobs with some of the Islamic kingdom's largest companies at a recent career fair in Riyadh.
ecb_hq.jpg

Euro Zone To Fall Into Recession In 2Q, But Will ECB Ride To Rescue?

The euro zone avoided recession with zero growth in the first quarter, but it seems to have run out of luck. Recent data out of the single currency bloc has led economists to conclude with confidence that a recession is looming and the European Central Bank may not act Wednesday.
Pedestrians walk past Sweden's Riksbank building in downtown Stockholm

Euro Crisis Forcing Central Bankers Outside Euro Zone Into Uncomfortable Stances

Massive movements of capital during the latest occurrences of the European financial crisis have forced central bankers into the role of circus contortionists: bending into positions in order to maintain their stated policy targets. And their antics are not being bought by all, with some wagering that these bankers' next attempts will result in a broken back or two.
Hollande (left) and Ayrault

French Unions, Hollande Brace For Huge Wave Of Layoffs

Bernard Thibault, the secretary of the Communist-backed Confédération Générale du Travail, one of France's largest unions, warned that at least 45,000 jobs (and maybe as many as 90,000) will be jettisoned by some 46 companies.
Gold prospector

Does Friday?s Panicked Gold Rush Indicate A Gilded Rebound?

Stocks have wiped out their year-to-date gains. US payrolls are down while unemployment is up. Yields on high-demand government bonds are at record lows. Speculation abounds the US Fed might even print more money. Is it any wonder some are talking about gold?s rebound?
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Spain Jobless Claims Down Slightly In May

The number of people in Spain claiming jobless benefits declined slightly in May by 30,113, the country's Labor Ministry announced on Monday. The drop was small compared to the decline in claims of 80,000 in May of last year.
Federal Reserve Chairman Ben Bernanke arrives to speak at a conference on systemic risk, at the Federal Reserve in Washington

Bernanke's Next Move, Trade Balance And Lots Of Fed Talk: Economic Events for June 4-8

The April trade data is likely to garner the most market attention, while the Fed Beige Book will set the tone for the upcoming Federal Open Market Committee (FOMC) meeting. On Thursday, markets will also be watching Fed Chairman Ben Bernanke's testimony to Congress, which could provide clues on whether the Fed is ready to take additional steps to support growth.
Oil rigs are seen in Midland, Texas

Oil Drops Below $82 After Weak US, China Data

Crude oil prices declined for the fifth day Monday as sentiment was dampened after reports indicated a slowdown in China's nonmanufacturing activity and U.S. employment.
Asian Shares

Asian Stock Markets Tumble On US, China Data

Asian stock markets plunged Monday as weaker-than-expected economic data from the US and China raised concerns over the strength of global economic recovery.
US Public Policy

US Still Trying To Recover From Three 2001-2008 Public Policy Mistakes

Tea Party members and other conservatives would like Americans to believe that the United States? problems started in 2009, but nothing could be further from the truth. Three major policy errors by President George W. Bush last decade substantially worsened the U.S.?s fiscal condition, and the nation has been trying to recover ever since.
Job seekers stand in line to speak with an employer at a job fair in San Francisco

Obama, Romney Advisers Point Fingers Over Latest Job Numbers

Advisers to President Barack Obama and Republican nominee Mitt Romney turns assigning blame for May's grim jobs figures on Fox News Sunday, as the candidates try to spin a paltry 69,000 new jobs into a positive talking point for the incumbent and his Republican challenger.
International Business Times Logo

US Manufacturing Jobs Begin The Long March Back From China (And Elsewhere)

The U.S. had been losing industrial jobs to low-cost countries, particularly in Asia, for years, but its manufacturing sector appears to be staging a surprising turnaround. In 2009, manufacturing accounted for about 11 percent of U.S. gross domestic product; in 2011, the comparable figure was 12.2 percent.

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