Unemployment

US’s Tepid GDP Growth Requires More Action To Increase It

Investors can monitor five stats to obtain a reading on the U.S. economy’s strength. Currently, these stats show a slowdown in U.S. GDP growth, which is why Congress should do more to create jobs and help increase the economy’s growth rate.

Did Rating Agencies Err While Downgrading India’s Credit Outlook?

President Barack Obama's weekend statement on Indian economic slowdown and recent downgrading of the country's sovereign credit ratings by the global rating agencies has evoked strong criticism from India. The Indian government and a section of authorities have blamed the global rating agencies and foreign investors for misjudging the Indian economy and deliberately trying to downgrade India's image.

UK Murder Rates Drop to 30-Year Low, But Why?

According to the latest figures released Thursday, the murder rate in the UK fell by 14 percent year-on-year to 550 homicides in 2011-12; the lowest it's been since 1983. Violent crime in England and Wales also fell by 7 percent, while robberies declined by 2 percent. Overall crime rates against adults remained at the same as they have been for the last three years.

IMF Urges UK To Jumpstart Economy

Britain risks permanent damage to its economy if the government does not adopt fiscal stimulus measures to reverse the country's recession, the International Monetary Fund (IMF) warned Thursday as it pressed for a reduction in the country's deficits to jumpstart its ailing economy.

Strong Corporate Earnings Lift US Stock Futures

U.S. stock index futures point to a higher opening Thursday as corporate earnings reported for the second quarter exceeded expectations, indicating that business conditions are on the path of revival.

Homeownership: (Millennials) Downsizing The American Dream

The recession and housing crash have triggered a sharp decline in the share of American households who own their own home. Homeownership, which is at its lowest point in 15 years, is bound to fall even further, driven by tight credit, lackluster economic growth and more foreclosures.

Ireland To Spend $2.76B To Cut Joblessness, Boost Services

The Irish government will spend more than ?2.25 billion ($2.76 billion) on new infrastructure projects and to restart existing road, school and health care construction projects to create as many as 13,000 jobs without hiking debt, government officials said on Tuesday.

US Builder Confidence Rises To 5-Year High In July

U.S. builder confidence rose in the new single-family home market as in July by the greatest level in nearly a decade, led by improving market conditions and buyer traffic, according to the National Association of Home Builders/Wells Fargo Housing Market Index.

Fed Ready To Do More To Increase Job Growth: Bernanke

The head of the world's most powerful central bank said it stands ready to offer additional monetary support to a U.S. economy that has slowed significantly in recent months, U.S. Federal Reserve Chairman Ben Bernanke told lawmakers on Tuesday.

50-50 Chance Of Euro Zone Split: Analyst

The euro zone will not disintegrate. Instead, there is a fifty-fifty chance of a split between the financially sound countries and economically weaker ones, the Economic Outlook Group said on Friday.

Greece And Europe Face A Summer Filled With Unpleasant Choices

This summer, both Greece and Europe are between a rock and a hard place. Greece faces the possible prospect of domestic coalition collapse, or ouster from the euro zone; Europe’s leaders, an elongated repayment for their loans to Greece, or a Greece default.

US Initial Jobless Claims Fall to 350,000, A 4-Year Low

The number of Americans lining up for new jobless benefits last week had its biggest decline in four years, the Labor Department said Thursday, but one-time factors such as fewer auto-sector layoffs than normal plus the July 4 holiday likely caused the sharp decline.

Obama's Detrimental Transformation Of America

There is an undeniable transformation happening to the United States of America. For some it is subtle, for some it is overt, for some it is seemingly nonexistent. But, for all, it is disastrous and happening before our very eyes.

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