Blog
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EU Unemployment Hits All-Time High
Eurozone unemployment hit 11.8% in November, leaving a record 18.8 million out of work, according to data released today by the EU's official statistics agency. The figure, the highest recorded since the currency union formed in 1999, is only a touch higher than October, but a full 1.... Go to Source Author: Kevin Spak
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Unemployment Holds at 7.8%
Today's jobs numbers fell just slightly below the expectations of economists: 155,000 jobs were added last month, when 160,000 had been expected, the Wall Street Journal reports. The unemployment rate held steady at 7.8%; last month's initial rate of 7.7% was revised upward. Some observations from... Go to Source Author: Evann Gastaldo
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Fed Announces $45B-a-Month Bond Buy
The Federal Reserve dropped a bombshell today, announcing that it would spend $45 billion a month on bond purchases to keep interest rates low, and that it would keep its short-term rates near zero as long as it takes to get unemployment below 6.5%. It will also keep up... Go to Source Author: Kevin Spak
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Millions About to Lose Unemployment Benefits
Millions of Americans may be dreading New Year's Day—because that's when their unemployment benefits are scheduled to expire, reports the Wall Street Journal . Some economists dread it too, saying the federally backed emergency payments help the economy and put food on the table for 2.1 million Americans. With...
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Crazy Commute: Wisconsin Workers to Staff ND Store
And you thought your commute was bad: Home improvement retailer Menard plans to fly 50 workers weekly from its headquarters in Eau Claire, Wisconsin, to a store in the booming town of Minot, North Dakota. A nearby oil patch has swelled the town's population to nearly 50,000 (up from...
