...re of Greece. Before the recession, the public center in Greece accounted for 40 percent of the GDP. The service sector, composing 70 percent of the Greek workforce has been severely hit by the recession, with the most recent unemployment numbers comprising 20.9 percent of all Greek workers. Despite the continual giving of aid, this continued recession, fueled by the massive decrease in spending since the mid-2000s, does not seem to be going anyw...
...me to celebrate. That would be downright dangerous. EU member states Once the focal point of Western civilization, Greece is now sadly the centerpiece of the European tragedy. It enters its sixth year of recession with youth unemployment at a staggering 53%. A walk through the streets of Athens will quickly make you lose any urge to celebrate the calming of the bond markets. The streets are punctuated with jobless queues, beggars and violent p...
...esident’s catastrophic debate performance, some jobs numbers came out. The report was important for one day, but in the end Romney’s “revival” overshadowed the data. So here’s what you need to know if you missed the coverage. Unemployment fell to its lowest point in four years, since before Barack Obama took office. 8.1 to 7.8 percent. That means, for the first time in his presidency, Obama can proudly state that the unemployment rate is lower no...
...conomies and freed up their markets, leading to an era of unprecedented prosperity. Her legacy at home though is quite mixed. To some Mrs. Thatcher was ruthless and out of touch with the common people, evidenced by the mass unemployment her policies in the early eighties led to. Others say she led an economic revolution in Britain that shook the country out of its steady post-war decline and stagnation of the 1970’s. Not many leaders have inci...
...Colorado are its increasing liberal population, the 21 percent of its population that identify as Hispanic, and the youth voters with whom he always polls well. He may get an additional advantage in the state when Colorado’s unemployment numbers are released—the national unemployment rate, announced today, fell to 7.8 percent, the lowest since 2009. Since Colorado’s unemployment rate has been above 8 percent in recent months, any decrease in tha...
...ending cuts in July, provoking tumultuous protest all over the country, some of which has been revived in the past week in response to new cuts and taxes. Of the 17 nations in the eurozone, Spain is at the top of the list for unemployment at a staggering 25 percent, another major concern for government officials in Madrid who hear that the new austerity measures may raise the rate of unemployment even higher. With new measures to discourage early...
From Wikimedia Commons The government’s monthly jobs report for May has ignited a political firestorm in Washington and has become an issue of great concern for the Obama administration. The report showed that the economy only added 69,000 jobs last month, causing the national unemployment rate to increase from 8.1 percent to 8.2 percent. This increase primarily represents the previously employed reentering the workforce, since those who give u...
...ly fix the economy. I have to credit President George W. Bush for putting in place the initial recovery legislation that prevented the economy from total collapse, but once in office, President Obama kept this economy moving. Unemployment never went above 10 percent under President Obama. Never. During the Great Depression unemployment never went UNDER 10 percent. Okay, but the Great Depression was way worse, right? Arguable. Regardless, unemploy...
...a break Republican, 86 electoral votes will be up for grabs, in seven states: Iowa, Nevada, Colorado, New Mexico, Florida, Virginia, and Ohio. The western states look bad for Romney, with the exception of Nevada, which has an unemployment rate of 12.8 percent, well above the national average, and whose Mormon population may give Romney an edge. Florida is likewise in bad economic shape, and the possible vice presidential nomination of Senator Mar...
...and October) left to be announced before the election, but unfortunately for the President, the August jobs report released last week was about as bad as it could get. A mere 96,000 jobs were added in the month, and while the unemployment rate dipped from 8.3 percent to 8.1 percent, the drop was only due to 368,000 people giving up and leaving the labor force entirely (and thereby not being counted in the “standard” unemployment statistic). “Forw...
Follow us at
Like us on
Recent Comments