Search Results for "unemployment" : 60

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 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 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 October 4, 2013 at 1:36 pm / in Opinion, World

Great Barrier Grief

by For the past few years, Australia’s economy has largely avoided the downturn that other Western economies have experienced. Unemployment peaked at 5.7%, far below the US peak of 10.2% and less than half of the Eurozone peak of 12.1%. Between 2004 and 2009, the economy grew at an average rate of 5.3%– exceptionally strong growth for a developed economy. According to a 2011 Credit Suisse report, the Australians are the second we…

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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 October 1, 2012 at 9:40 pm / in Opinion, World

More of the Same: An Update

…t 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 retirement and to cut government spending by as much as 8.9 percent, this legislation is, of course, extremely u…

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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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by / on September 11, 2012 at 9:44 am / in Domestic, Election 2012, Opinion

The Marathon Sprint

…t 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). “Forward”, says President Obama? That’s not forward, that’s slipping backwards. 96,000 jobs a month is not even enough…

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