Quick Facts
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Gloom in Spain: Unemployment Hits Record 27%
Spain's unemployment rate has soared to 27.2%, the highest it's been since record-keeping started in the 1970s. Some 6.2 million people were jobless in the first quarter, a figure that has continued to climb for seven quarters. Madrid has sharply curtailed its spending, and these latest numbers are... Go to Source Author: Matt Cantor
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Just 88K Jobs Added in March
Unemployment fell to 7.6% in March, but just 88,000 jobs were added—which the Wall Street Journal calls a "very bad number." Economists weren't expecting much from today's jobs report—according to NPR , they were forecasting "slow and steady" growth—but they had predicted 200,000 new jobs.... Go to Source Author: Evann Gastaldo
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Unemployment Drops to 7.7%
The February jobs report is out, and it's way better than economists expected: The unemployment rate dropped to 7.7% from January's 7.9% ; economists polled by Dow Jones Newswires had expected it to drop to 7.8%. That's the lowest rate since December 2008. And the economy added 236,... Go to Source Author: Evann Gastaldo
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Unemployment Drops to 7.7%
The February jobs report is out, and it's way better than economists expected: The unemployment rate dropped to 7.7% from January's 7.9% ; economists polled by Dow Jones Newswires had expected it to drop to 7.8%. That's the lowest rate since December 2008. And the economy added 236,... Go to Source Author: Evann Gastaldo
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We Need Confidence, but We Get ‘Dr. Doom’
President Obama didn't recognize the scope of the jobs crisis in his first term, and he's making the same mistake in his second, writes Peggy Noonan in the Wall Street Journal . Instead of public-works projects, we got health care reform, and its costs are only making employers even more reluctant... Go to Source Author: John Johnson
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We Need Confidence, but We Get ‘Dr. Doom’
President Obama didn't recognize the scope of the jobs crisis in his first term, and he's making the same mistake in his second, writes Peggy Noonan in the Wall Street Journal . Instead of public-works projects, we got health care reform, and its costs are only making employers even more reluctant... Go to Source Author: John Johnson
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Mom Offers $500 Reward to Get Daughter a Job
A mother in Southern California is on a one-woman mission to get her daughter a job. Linda Smith took to holding up a sign at a busy intersection in Menifee on Friday, offering $500 to anyone who takes her daughter's resume and gets her employed, reports the Press-Enterprise . “I’m offering... Go to Source Author: John Johnson
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Unemployment Inches Up to 7.9%
The unemployment rate ticked up from 7.8% to 7.9% in January, according to a jobs report the Wall Street Journal calls "disappointing." The economy added 157,000 jobs, slightly below expectations of 166,000. But here's some news that got a "Whoa, mama!" from the Journal : Numbers for... Go to Source Author: Evann Gastaldo
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Walmart: We’ll Hire Every Veteran Looking for Work
Walmart is set to make a pretty bold hiring announcement today: It plans to employ every veteran looking for work. The statement does, however, come with an asterisk—veterans must have left the military within the past 12 months and not have been dishonorably discharged. Still, the five-year plan, which... Go to Source Author: Kate Seamons
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Greek Unemployment Hits Record High
Unemployment in Greece has climbed even higher, reaching 26.8% in October, according to figures released today, while another lawmaker abandoned the coalition government over a Swiss Bank account scandal. The Statistical Authority said unemployment increased from 26.2% in September 2012, and marked a significant jump from the 19.... Go to Source Author:
