UNEMPLOYMENT

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.

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.

Euro Zone Unemployment Grows By 110,000 In April

Some 110,000 people were added to the unemployment rolls of the 17-nation euro zone in April, the statistical office of the European Union reported Friday, once again setting a record high, as every country in the common currency agreement save for Austria, Germany and Ireland reported a deteriorating labor condition. The unemployment rate held steady at 11 percent.

Downtrend Continues

Yesterday morning the Chicago PMI Data came in quite weak with a reading of 52.7 versus and expectation of 56.7.

US Job Growth Falters In May - Is QE3 By Fed Up Ahead?

A third straight month of disappointing job data clearly suggests that the U.S. labor market conditions are deteriorating again, which economists say will undoubtedly prompt more speculation that a third round of quantitative easing by the U.S. Federal Reserve is coming soon.

US Unemployment Rate Rises To 8.2% In May, Only 69,000 Jobs Added

Nonfarm payrolls rose by a paltry 69,000 in May, the weakest in a year, while the unemployment rate ticked back up to 8.2 percent as the labor participation rate edged up 0.2 percent to 63.8, the Labor Department said Friday. Economists polled by Thomson Reuters had called for a total gain of 150,000 jobs.

Asian Shares Dip On China, US Economy Doubts

Asian shares eased Friday, with China's factory activity data and a U.S. jobs report due later in the day making investors cautious as the escalating euro zone debt crisis threatened to further undermine growth worldwide.

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Jobless Claims Up 10,000 Last Week To One-Month High

The number of Americans filing for first-time jobless benefits rose by 10,000 last week, the Department of Labor announced Thursday, bringing the number of people filing for unemployment benefits to a one-month high and exceeding analysts' expectations.
Vieques Island, Puerto Rico

Puerto Rico Bets On American Tourists To Repay Debt

Americans have long been in love with Puerto Rico's high-yielding municipal bonds. Now the Caribbean island hopes they will flock to its sand, surf and spanking new resorts to help pay off massive debts.
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