Search Results for "unemployment" : 77

by / on March 13, 2013 at 12:33 pm / in Europe, Opinion, World

The Future of Europe: Break up or federalism?

…what is know as an “internal devaluation.’’ To be more competitive, it has to endure an extended period of high unemployment, until wages fall. This is very hard to achieve because wages are sticky downwards, even with massive unemployment. To compound its unemployment crisis, Spain has to deal with unsustainable public debt. However, debt is a symptom of the crisis and not the cause. The Spanish government, until recently, had a lower debt- to-…

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by / on October 9, 2012 at 10:47 am / in Domestic, Opinion

The One Man Time Bomb

…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 now than when he was sworn in. Groovy, huh? More people entered the jobs market. Whereas last month unemployment ti…

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by / on February 19, 2012 at 1:30 pm / in Opinion, World

A Sisyphean Effort

…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 anywhere anytime soon. The most frightening of all of the statistics, to me at least, is that the rate of youth unemp…

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by / on April 20, 2013 at 1:22 pm / in Opinion, World

The Lady is Not For Turning

…uce the budget deficit. This combination of high interest rates and government austerity led to record levels of unemployment. The manufacturing industry was decimated, leading to structural unemployment in the North that still exists today. However, even as unemployment soared past three million, Thatcher remained defiant. She marched on with further spending cuts in the budget of 1981 despite widespread opposition. Facing criticism from even he…

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by / on January 5, 2014 at 10:59 am / in Europe, Winter 2013, World

The Far Right Hook

…sion, in the second quarter of 2013, public debt as a ratio of GDP went up to 93.4 percent in the Eurozone, with unemployment around 12.2 percent. According to The Economist, the French economy has struggled to retain its footing during this crisis. GDP has been flat, unemployment is high at 11 percent, public debt is set to reach 95 percent of GDP by 2014, and large tax hikes have not been able to close the gap. The Greek financial system has fa…

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by / on March 23, 2015 at 9:08 pm / in Briefings, Europe, World

Charge of the Right Brigade

…department told CPR, the European Union has for a time been in “economic distress.” In France, for example, the unemployment rate has been steadily rising since 2008, when it was at 7.2 percent, and as of November 2014 it was at 10.5 percent, almost twice that of the United States at the same time. This high unemployment rate recalls Le Pen’s proposed strategy of deporting all foreign nationals who are unemployed in a bid to improve the economy…

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by / on October 5, 2014 at 3:28 pm / in Asia, Web Columnists, World

Anatomizing Abenomics

by Prime Minister Shinzo Abe,  by Chatham House [CC-BY-2.0 (], via Wikimedia Commons By the time Prime Minister Shinzo Abe took office in December 2012, Japan was suffering from lackluster economic performance. As recently reported by CPR columnist Asha Banerjee, growth in Japan was the big story of the 1980s, but by the 1990s, the Asia bubble had burst and Japan’s GDP fell by nearly USD$…

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by / on October 5, 2012 at 3:13 pm / in Election 2012

Highway 270: Colorado

…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 that respect could be as helpful to Obama as it could detrimental to Romney—naturally, if joblessness appears to be…

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by / on June 4, 2012 at 5:48 pm / in Domestic, Election 2012, Opinion

Gone With the Trend

…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 up looking for work are not taken into account when calculating the unemployment rate. This may seem like a small change, but it is very much on the minds of politician…

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by / on July 3, 2012 at 1:22 am / in Domestic, Opinion

We Got More Than Our Health

…on 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, unemployment was higher under President Reagan, who was dealing with a much less severe recession than Obama. Plus the U….

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