Tag: Unemployment

Retiring: Why Working Till Whenever Is a Risky Retirement Strategy

Cleo Parker had a simple plan before retiring: She would work well into her 60s as a marketing analyst in the automotive business. But recently, she has been searching for a Plan B. In 2006, just as she was about to turn 50, Ms. Parker’s longtime marketing job with a Detroit-area advertising agency was eliminated. […]

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Trump Has a Strong Economy to Proclaim. In Wisconsin, It Just Might Work.

COLFAX, Wis. — President Trump came to Wisconsin late last month to boast about the state’s unemployment rate, which has been at or near 3 percent for more than a year. “It’s never been this low before. Ever, ever, ever,” he said. (Fact check: true.) It’s a message that strikes a chord with Bubba Benson, […]

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Why I Am Voting for South Africa’s Ramaphosa

JOHANNESBURG — South Africa goes to the polls on Wednesday in its fifth general election since the advent of democracy in 1994. I will hold my nose and vote for the African National Congress, once the party of Nelson Mandela. I once passionately supported the A.N.C. I abandoned it a decade ago because of its […]

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The Economy That Wasn’t Supposed to Happen: Booming Jobs, Low Inflation

ImageAt a May Day rally in New York. Average hourly rates have continued to rise, as a tight labor market has started to be reflected in wages.CreditKathy Willens/Associated Press The labor market the United States is experiencing right now wasn’t supposed to be possible. Not that long ago, the overwhelming consensus among economists would have […]

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April Jobs Report: Here’s What to Watch For

The Labor Department will release its estimate of hiring and unemployment for April at 8:30 a.m. Eastern time. The monthly report provides one of the better snapshots of the state of the American economy. Analysts on Wall Street are looking for a gain of 190,000 jobs, according to Bloomberg, nearly identical to the 196,000 gain […]

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Trump’s ‘Record Economy’ Is Making Americans Miserable

After running a campaign on the idea that America was an impoverished wasteland, Donald Trump has spent his presidency bragging about the economic expansion that began under Barack Obama but continued under him. Though he might be a glutton for credit, Trump isn’t wrong, exactly, when he celebrates the “record economy” in his tweets: Unemployment […]

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Under Modi, a Hindu Nationalist Surge Has Further Divided India

NEW DELHI — In the machine tools market in the catacombs of Old Delhi, Muslims dominate the business stalls. But at night, they say, they are increasingly afraid to walk alone. And when they talk politics, their voices drop to a whisper. “I could be lynched right now and nobody would do anything about it,” […]

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The March Job Numbers Tell Us the Economy Is (Still) Doing Fine

ImageA total of 196,000 jobs were added last month, a rebound from the February report. CreditMonica Almeida/Reuters The new jobs numbers reported Friday are not spectacular by the standards of the last couple of years. But they also signify a sigh of relief. A weak job growth number in February had appeared to be the […]

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March Jobs Report: Here’s What to Watch For

The Labor Department will release its monthly estimate of hiring and unemployment for March on Friday at 8:30 a.m. Eastern time. The jobs report is always a prime moment to assess the strength of the economy, but this one may get even more attention than usual. It will reveal whether the unexpectedly weak job creation […]

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Egypt Looks to Offshore Gas Field for Growth and Influence

CAIRO — President Abdel Fattah el-Sisi likes to flaunt his plans for modernizing Egypt, like the flashy new administrative capital rising from the desert outside Cairo. But most Egyptians view his rule as a time of painful belt-tightening, with soaring inflation, a currency crash and cuts to subsidies that have made fuel, electricity and water […]

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Job Growth Slowed Way Down in February. It Was About Time.

ImageContainer ships at the Port of Oakland this month. Trade wars have been one source of slowdown. CreditJustin Sullivan/Getty Images The clunker of a report on job growth that the Labor Department published Friday morning is telling us something we should have already suspected. Specifically, that recent blockbuster readings on U.S. job creation were a […]

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February Jobs Report: Here’s What to Watch For

The Labor Department will release the hiring and unemployment figures for February 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 labor market to remain strong, with payrolls growing by 175,000, according to […]

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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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