Tag: Unemployment

How to Save Iraq

Iraqis have had enough. After years of poor governance, the Iraqi people have run out of patience with the failures of their governing elites to deliver basic services or to reduce unemployment and corruption. Tens of thousands have come out in protests in Baghdad and parts of southern Iraq since last week. More than 100 […]

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Jobs Numbers for the Optimists, the Pessimists, and Everybody in Between

The September jobs numbers have something for everybody. Say you’re a president about to run for re-election and you’re looking to boast about the fantastic economy. Good news! The unemployment rate fell to 3.5 percent, the lowest in nearly five decades. The drop, from 3.7 percent, occurred for good reasons — more people were working. […]

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September Jobs Report: What to Watch For

The Labor Department will release the latest hiring and unemployment figures for September at 8:30 a.m. Eastern time. The monthly report provides one of the better snapshots of the state of the American economy. Here’s what to watch for: Wall Street analysts expect the report to show that job creation picked up last month, with […]

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Homeless Crisis in Los Angeles Highlights the Fall of the Black Middle Class

In May 2019, British artist Chemical X’s art installation “Skid Rodeo Drive” highlighted the economic disparities in Los Angeles, where scores of homeless people live in tent communities not far from luxe enclaves like the famed Rodeo Drive. In the L.A. suburb of Pacoima, Calif., dozens of predominantly African-American people are living in tents under […]

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Fed Chair Powell Says Central Bank Will Keep Economic Expansion Going

ZURICH — The Federal Reserve chair, Jerome H. Powell, said on Friday that the Fed remains committed to keeping the United States economic expansion going, remarks that signal the Fed is likely to cut interest rates again at its coming meeting. “The Fed has, through the course of the year, seen fit to lower the […]

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August Jobs Report: What to Look For

The Labor Department will release its estimate of hiring and unemployment for August at 8:30 a.m. Eastern time. The monthly report provides a snapshot of the American economy. Here’s what to watch for: Analysts on Wall Street are predicting a gain of 160,000 jobs, according to Bloomberg, compared with an increase of 164,000 in July. […]

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In a Tight Labor Market, a Disability May Not Be a Barrier

ROUND ROCK, Tex. — When Kate Cosway completed her master’s degree in 2014, her résumé drew plenty of interest, but she rarely advanced far in the hiring process. She was pretty sure she knew why: She is on the autism spectrum and struggles in traditional interviews. Her luck finally turned this summer when she landed […]

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A Hot Job Market Is Causing Labor Pains for State Governments

Peanut season is nearly upon South Carolina and, like governments across the country, the state has been scrambling to hire. Its Department of Agriculture is lifting pay for crop inspectors to $13 to $16 an hour from the previous $9.50 to $11.50, and creating an “aide” version of the position that requires less education and […]

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Trump Faces a Stubborn Opponent in Fed’s Economic Experts

JACKSON, Wyo. — President Trump characterizes himself as a master deal maker who gets what he wants. But as he tries to pressure the Federal Reserve to lower interest rates, he is contending with a powerful opponent: technocrats. The Fed lowered borrowing costs in July amid mounting trade uncertainties, but it has refused to promise […]

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Iceland’s Purple Planes Are Grounded, and With Them, Its Economy

REYKJAVIK, Iceland — In retrospect, it was probably not a fantastic idea to leave Iceland’s economic fortunes tethered to an airline called WOW. Before it collapsed in March, WOW Air delivered more than one-fourth of all international visitors to this ruggedly spectacular island nation. Its credulity-straining fares — $199 round trip from New York and […]

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Job Growth Was Weaker Than Believed, Government Says

Employers added a half-million fewer jobs in 2018 and early 2019 than previously reported, the Labor Department said Wednesday. The revisions, which are preliminary, are part of an annual process in which survey-based estimates are brought into alignment with more definitive data from state unemployment insurance records. Wednesday’s revision covers the period through March; final […]

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In Economic Warning Signals, Trump Sees Signs of a Conspiracy

President Trump, confronting perhaps the most ominous economic signs of his time in office, has unleashed what is by now a familiar response: lashing out at what he believes is a conspiracy of forces arrayed against him. He has insisted that his own handpicked Federal Reserve chair, Jerome H. Powell, is intentionally acting against him. […]

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Italy’s Biggest Economic Problem? It’s Still Italy

NAPLES, Italy — Whatever hopes there were that a radically unconventional government might jolt Italy out of its economic torpor have mostly given way to bitter resignation that, in this country, nothing ever seems to change. More than a year since Italy handed power to a coalition of two fractious partners — the right-wing populist […]

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July Jobs Report: What to Look For

The Labor Department will release the hiring and unemployment figures for July at 8:30 a.m. Eastern time. The monthly report provides one of the better snapshots of the state of the American economy. Here’s what to watch for: Wall Street analysts expect payrolls will have grown by 165,000 jobs last month, fewer than the thumping […]

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The Economy Is Booming. Or Is It?

Listen and subscribe to our podcast from your mobile device: Via Apple Podcasts | Via RadioPublic | Via Stitcher The United States economy is in the middle of a record-long expansion. So why is the government deploying an economic weapon it last used during the 2008 financial crisis? [For an exclusive look at how the […]

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A Recession Is Coming (Eventually). Here’s Where You’ll See It First.

Last week’s report on second-quarter gross domestic product showed that the economy slowed last spring. It also came exactly 10 years since the Great Recession ended, making this officially the longest expansion in American history. (Well, probably. More on that in a second.) So perhaps it’s no surprise that forecasters, investors and ordinary people are […]

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In an Industrial Corner of France, 18,000 Jobs Are On Offer. Why Aren’t People Taking Them?

OYONNAX, France — Along a vast alpine plain, hundreds of factories are cranking out plastic perfume bottles, automobile parts and industrial tools. Trucks chug through mountains ferrying thousands of ready-made wares for export. On billboards and warehouses, “We’re hiring!” signs flutter in the breeze. Jobs are plentiful in Ain, a sprawling manufacturing region in eastern […]

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When the Law Says Using Marijuana Is O.K., but the Boss Disagrees

Smoking pot cost Kimberly Cue her job. Ms. Cue, a 44-year-old chemical engineer from Silicon Valley, received an offer this year from a medical device manufacturer only to have it rescinded when the company found out that she smoked prescription marijuana to treat post-traumatic stress disorder. “My email was set up with the company,” she […]

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For France’s Jobless, Macron Aims to ‘Make Work Pay’

PARIS — Franck Provost, a high-profile coiffeur with more than 500 hair salons across France, needed to do some hiring last fall in the central Loire region. But when an associate reached out to 130 unemployed stylists, he said, only two replied. “There are thousands of hairstylists on the jobless rolls, but we can’t hire […]

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