Tag: Unemployment

Europe’s Middle Class Is Shrinking. Spain Bears Much of the Pain.

MADRID — Raquel Navarro downed an early-morning coffee, kissed her husband goodbye and hurried from her family’s spacious brick home in a suburb north of the Spanish capital. The successful events business she had owned for a decade slowly crumbled when Europe’s financial crisis hit. Now, after dropping her two young children at school, she […]

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Cryptocurrency Was Their Way Out of South Korea’s Lowest Rungs. They’re Still Trying.

SEOUL, South Korea — Kim Ki-won is keeping a secret from his parents. It isn’t just that he has bought and sold an immense number of digital coins. Mr. Kim, who is 27 and lives with his parents, once made so much money trading cryptocurrencies that he was spending $1,000 a month on whatever he […]

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Greece, 10 Years Into Economic Crisis, Counts the Cost to Mental Health

ATHENS — Greece’s decade-long economic crisis has taken a heavy toll: Hundreds of thousands of jobs were lost, incomes were slashed and taxes were raised. Hopes for the future were dashed. For Anna, 68, the crisis had particularly devastating consequences. Her husband, a retired bus driver, killed himself in a park two years ago at […]

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U.S. Economy Added 304,000 Jobs in January; Unemployment at 4%

The Labor Department released its monthly estimate of hiring, unemployment and wages for January on Friday morning. The report provided an important snapshot of the American economy. 304,000 jobs were added last month. Economists had expected a gain of about 172,000. The unemployment rate rose to 4.0 percent, from 3.9 percent. Average earnings rose 3 […]

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Why This Jobs Report Will Be a Mess

The Labor Department will release its monthly estimate of hiring and unemployment at 8:30 a.m. Friday. Economists surveyed by MarketWatch expect the report to show a gain of 172,000 jobs in January, down from the 312,000 added in December. But there’s even more uncertainty than usual. The Big Picture The job market ended 2018 in […]

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Indian Leaders Are Accused of Covering Up 45-Year High in Unemployment

NEW DELHI — The Indian government was accused on Thursday of covering up an alarming jobs report that apparently shows the country’s unemployment rate at a 45-year high. Two economic advisers to the government resigned this week in what was widely viewed as a protest against the country’s leaders, who appeared to be withholding the […]

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Deadly Mexico Pipeline Disaster Poses Major Test for New President

MEXICO CITY — Word spread quickly: free gasoline. It was spewing from a pipeline, through a hole punched by fuel thieves. People — as many as 900, by some estimates — flocked to the rupture, many carrying containers to fill. But just as quickly, the apparent windfall on Friday turned to disaster when the pipeline […]

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‘The Shutdown Makes Me Nervous’: Young People Caught Up in Impasse

Stella Blaylock has not been sleeping well since before Christmas, when her father was furloughed in the partial government shutdown and unexpectedly extended his holiday vacation. Days later, her mother was laid off from her job as a federal contractor. A sixth grader at Williamsburg Middle School in Arlington, Va. — a Washington, D.C., suburb […]

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December Jobs Report: Here’s What to Watch For

The Labor Department will release its official hiring and unemployment figures for December at 8:30 a.m. on Friday, offering the latest picture of the American economy. Wall Street analysts anticipate a job gain of about 180,000 in December, a pickup from November’s increase of 155,000. That would be a solid cap to a year of […]

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As Labor Market Tightens, Women Are Moving Into Male-Dominated Jobs

ImageLearning how to install drywall in a construction techniques class at Madison College in Madison, Wis., this year.CreditMichelle Stocker/The Capital Times, via Associated Press Traditionally male industries have made a comeback. The three fastest-growing sectors since December 2016 have been the three that are most male-dominated: mining, construction, and transportation and utilities. Yet in the […]

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Macron’s Proposal to Mollify Yellow Vest Protesters Fails to Impress

PARIS — The fine print of President Emmanuel Macron’s financial proposal, intended to end protests by France’s middle class and working poor, was still sinking in Tuesday, but many of the protesters already were expressing disappointment and calling for new demonstrations this weekend. The president’s 13-minute speech on Monday evening detailed an increase in the […]

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Unrest in France Hinders Macron’s Push to Revive Economy

PARIS — The need to accelerate growth has long been visible in almost every corner of the French economy, from dreary unemployment offices packed with jobseekers to businesses whose financially stretched customers struggle to make do. President Emmanuel Macron pledged on Monday to change those dynamics by improving the country’s long-term prospects. But his halting […]

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As Hiring Slows, Employers Say It’s Getting Harder to Find Workers

MILWAUKEE — At Western Building Products’ banana-shaped factory on the lip of the Menomonee River outside Milwaukee, the company’s president, Mark Willey, is wrangling with a stubborn problem: not enough workers. “If someone is here a year, they never leave,” Mr. Willey said. “Our problem today is just finding people who want to work.” It […]

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The Economy Faces Big Risks in 2019. Markets Are Only Now Facing Up to Them.

ImageTraders outside the New York Stock Exchange this week. Worries about the economy’s future are finally starting to affect stock prices, even though the economy remains strong.CreditMary Altaffer/Associated Press After another week of exceptional volatility on Wall Street that has pummeled stock portfolios, there are two closely related questions worth asking. First, why is this […]

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Jobs Report for November: Here’s What to Watch For

The Labor Department will release the latest hiring and unemployment figures for November 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: • After a hefty gain of 250,000 jobs in October, economists expect payroll gains of 190,000 […]

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The Perversion of Fiscal Policy (Slightly Wonkish)

As many people have pointed out, the Trump tax represented a total break with the normal principles of fiscal policy. Historically, we’ve tended to run big deficits when the economy is weak, smaller deficits or surpluses when it’s strong. But now the deficit is soaring even in the face of low unemployment. This is irresponsible, […]

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Jobs Report for October: Here’s What to Watch For

The Labor Department will release the hiring and unemployment figures for October at 8:30 a.m. Eastern time on Friday. The monthly report provides one of the better barometers of the American economy. Wall Street analysts expect the report to show that job creation picked up, with employers creating 195,000 jobs. The Bureau of Labor Statistics […]

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Unemployment Looks Like 2000 Again. But Wage Growth Doesn’t.

Lots of measures are telling us that the United States labor market is doing well. In some cases, very well. Most prominently, the unemployment rate has fallen steadily over the last nine years. It dipped to 3.7 percent in September, and it has averaged 4 percent over the past year, the same as it did […]

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We’re Measuring the Economy All Wrong

The stock market, for example, has completely recovered from the financial crisis, and then some. Stocks are now worth almost 60 percent more than when the crisis began in 2007, according to a inflation-adjusted measure from Moody’s Analytics. But wealthy households own the bulk of stocks. Most Americans are much more dependent on their houses. […]

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Crisis and Consequences: The Great Recession Knocked Them Down. Only Some Got Up Again.

It took nearly a decade, but Guillermo Gonzalez is a homeowner again. In June 2017, Mr. Gonzalez and his wife closed on a $129,000 two-bedroom house in Spring Hill, Fla., north of Tampa. It has a pool and a yard where their grandchildren can play. Most important, they can afford it. “It’s not a brand, […]

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