Search Results for: unemployment

Sweden shifting to a 6-hour work day

Happy workplace

Despite research telling us it’s a really bad idea, many of us end up working 50-hour weeks or more because we think we’ll get more done and reap the benefits later. And according to a study published last month involving 600,000 people, those of us who clock up a 55-hour week will have a …

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Record 94,031,000 Americans not in labor force

Labor force Need a job

A record 94,031,000 Americans were not in the American labor force last month — 261,000 more than July — and the labor force participation rate stayed stuck at 62.6 percent, a 38-year low, for a third straight month in August, the Labor Department reported on Friday, as the nation heads …

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Australian unemployment rate hits 12-year high

Part time casual jobs employment

Unemployment has jumped to the highest level in more than 12 years, following a surprise fall in jobs growth. The jobless rate rose to a seasonally adjusted 6.4 per cent from 6 per cent in June, its highest point since August 2002. The economy lost 300 jobs in July: While …

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Alibaba’s Jack Ma: In 30 years time people will only work 4 hour days

Alibaba Jack Ma 4 hour work day

Alibaba founder Jack Ma spent 800 hours traveling around the world last year and plans to increase that to 1,000 in 2017, discussing his growing e-commerce platform, globalisation and artificial intelligence. The billionaire Chinese businessman sat down his week at the Gateway ’17 conference in Detroit for a wide-ranging interview …

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The Italian jobs? Unemployed youth clash with police in Italy

About 3,000 unemployed demonstrators have clashed with riot police in Naples during a protest against rocketing youth unemployment. The violence erupted in the city after a visit by Labor Minister Elsa Fornero and left 23 people injured. Protesters donned masks of the unpopular Fornero and waved banners calling for Prime …

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Ron Paul: 22.8% Real Unemployment!

Last week, supporters of the current administration rejoiced over job numbers released by the Bureau of Labor and Statistics (BLS).  For the first time since the administration came to power, the official unemployment number fell below 8%.  Keynesian cheerleaders all claimed the numbers meant we are surely on the road …

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Almost 2,400 millionaires pocketed unemployment benefits

Millionaire homes

Almost 2,400 people who received unemployment insurance in 2009 lived in households with annual incomes of $1 million or more, according to the Congressional Research Service. The report was released after about 1.1 million people exhausted their jobless benefits during the second quarter of 2012, when more than 4.6 million filed initial …

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Greek unemployment surges to 24.4 per cent

Greek unemployment

GREECE’S unemployment rate surged to 24.4 per cent in June, according to official figures, as protests continued against a massive new austerity package, with police blocking their colleagues from starting work. The Greek Statistical Authority said on Thursday the number of people out of work in June rose by 34,000 …

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AIG Chief sees retirement age as high as 80 after crisis

American International Group Inc. (AIG) Chief Executive Officer Robert Benmosche said Europe’s debt crisis shows governments worldwide must accept that people will have to work more years as life expectancies increase. “Retirement ages will have to move to 70, 80 years old,” Benmosche, who turned 68 last week, said during a weekend interview at his …

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Poll: 47% of unemployed have ‘completely given up’ looking for a job

Unemployment claim form

A new poll suggests that finding employment, particularly for the long-term unemployed, continues to be a struggle for Americans. The poll, conducted by Harris Poll on behalf of Express Employment Professionals, asked questions of 1,500 unemployed adult Americans last month. “This survey shows that millions of Americans are at risk …

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Eurozone unemployment hits record-high 11.9%

Europe starving

Unemployed workers wait outside a government job centre in Madrid. Unemployment has hit unprecedented levels across Europe, with youth joblessness particularly high, according to a new EU report. Spain was hardest-hit: Overall unemployment was measured at over 20 percent, and youth joblessness was over 55 percent. The number of those …

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Detroit to go bankrupt in less than a month

Motor City Industrial Park

The city of Detroit, facing a serious cash crisis, is set to go bankrupt by the end of this year and would put city workers on furlough unless it strikes a deal with the city council that would bring in $30 million before Dec. 14. Detroit has been in financial …

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Youth unemployment in Greece hits 58%

Greece EU

Greek unemployment rose to 25.4pc in August. Youth unemployment rose to 58pc. Under the official forecast, the economy will contract by a further 4.5pc next year, so it fair to assume that lots more people are going to lose their jobs. It is certainly not going to improve in any …

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US jobs report: a disaster

Unemployment line

Month after month, dismal jobs numbers are released from Washington and quickly spun to either enhance the image of the Obama administration or attempt to smash it. This month, though, there’s only one way to look at the figures — and it’s bad. The US Department of Labor released employment …

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Spinning bad financial news into good – Paul Craig Roberts

unemployment numbers

Friday’s payroll jobs report says that 96,000 new jobs were created in August and that the unemployment rate (U.3) fell from 8.3% to 8.1%. As 96,000 new jobs are not enough to keep up with population growth, the decline in the U.3 unemployment rate was caused by 368,000 discouraged job …

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10 dire consequences of Obama’s re-election victory

obama

What does an Obama re-election mean for the next four years in America? Now that he’s in his second and last term, of course, Obama no longer needs to restrain his actions according to popularity. He can simply unleash any desirable executive order and rule by decree, bypassing Congress as he has frequently …

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Day 2: people of Spain unite and occupy criminal government

Thousands of Spaniards have returned to Madrid’s Plaza de Neptune to protest the latest, highly contentious wave of austerity measures, following a violent police crackdown on Tuesday. For the second day running, thousands of demonstrators led by the so-called indignados, or outraged, descended on the square – some 100 meters …

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More Americans opting out of banking system

JP Morgan Chase bank

In the aftermath of one of the worst recessions in history, more Americans have limited or no interaction with banks, instead relying on check cashers and payday lenders to manage their finances, according to a new federal report. Not only are these Americans more vulnerable to high fees and interest …

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Only 47% of Americans have a full-time job

Looking for a job

The release of the June Jobs’ Report Friday was something of a relief for the markets. The Labor Department reported that the economy gained 195,000 jobs in June, which beat economists’ expectations. The Department also reported that the economy gained 70,000 more jobs in April and May than it originally estimated. The …

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