Tag: Unemployment

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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When a G.M. Plant Shut Down in Ohio

Listen and subscribe to our podcast from your mobile device: Via Apple Podcasts | Via RadioPublic | Via Stitcher In 2016, Lordstown, Ohio, helped deliver the presidency to Donald J. Trump, betting that he would fulfill his promise to save its auto industry. Our colleague went there to examine the political fallout from the fact […]

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What to Expect From the June Jobs Report

A question has hung over the American economy for the past month: Was the sharp slowdown in job growth in May just another soft patch in a recovery that has set records for its durability? Or was it a warning of more significant trouble? Friday’s jobs report will help provide the answer. Economists expect the […]

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Trump Promised a Manufacturing Renaissance. What Happens in 2020 in Places That Lost Those Jobs?

DIMONDALE, Mich. — In August 2016, Donald J. Trump was full of promises when he spoke to a packed crowd at the Summit Sports and Ice Complex here. Predicting that he would carry Michigan, a state that had not voted for a Republican presidential candidate since 1988, Mr. Trump said his would be “a victory […]

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The Economy is About to Hit a Record. Trump Says the Fed ‘Blew It’

President Trump continued his assault on the Federal Reserve on Monday, blaming the central bank for reining in a United States economy that is on track to reach its longest expansion in history. Mr. Trump, in a pair of tweets, said the economy and stock market would have been even stronger had the Fed kept […]

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Notes on Excessive Wealth Disorder

In a couple of days I’m going to be participating in an Economic Policy Institute conference on “excessive wealth disorder” — the problems and dangers created by extreme concentration of income and wealth at the top. I’ve been asked to give a short talk at the beginning of the conference, focusing on the political and […]

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With Mandate From India’s Voters, Modi Must Deliver on Economy

NEW DELHI — Now it is time for the Indian prime minister, Narendra Modi, to start delivering on the promises he did not make in his re-election campaign, which last month ended in a landslide victory. On Thursday, his new administration will announce its most urgent priorities for his second term. But the issues expected […]

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Part 3: ‘Italy First’

Listen and subscribe to our podcast from your mobile device: Via Apple Podcasts | Via RadioPublic | Via Stitcher In Italy, hard-right populists have moved from the fringes to run the national government. Now, the country is on the front lines of a nationalist resurgence in Europe. To understand why, we spent a day with […]

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Wall Street Asks When, Not if, the Fed Will Cut Interest Rates

The American economy is showing signs of cooling, and Wall Street is counting on Jerome H. Powell, the chairman of the Federal Reserve, to come to the rescue. The big question facing the Fed is when, not whether, to act, as far as investors are concerned. But the Fed faces a tricky balancing act as […]

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Employers Added 75,000 Jobs in May; Unemployment Rate Steady at 3.6%

75,000 jobs were created last month. Analysts had expected a gain of about 175,000 jobs, according to Bloomberg. The unemployment rate was 3.6 percent, the same as in April. Average hourly earnings rose by 0.2 percent, the same rate as in April. Over the last 12 months, earnings have risen by a solid 3.1 percent. […]

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Employers Added 75,000 Jobs in May; Unemployment Steady at 3.6%

The Labor Department released its latest estimate of hiring and unemployment on Friday morning. The monthly report provides one of the most reliable pictures of the American economy. The Numbers 75,000 jobs were created last month. Analysts had expected a gain of about 175,000 jobs, according to Bloomberg. The unemployment rate was 3.6 percent, the […]

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What to Expect From the May Jobs Report

The Labor Department will release its estimate of hiring and unemployment for May at 8:30 a.m. Eastern time. The monthly report provides a snapshot of the American economy. Analysts on Wall Street are predicting a gain of about 175,000 jobs, according to Bloomberg, compared with an increase of 263,000 in April. The unemployment rate is […]

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Yes, India’s Economy Is Growing, but Can You Trust the Data?

NEW DELHI — Prime Minister Narendra Modi of India won re-election last week with what seemed to be rousing support for his market-oriented economic policies — yet few in India can agree on just how much growth or unemployment occurred in his first term. The Indian government’s official data shows the economy expanding 7 to […]

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Why There Has Been a Surge in Single Mothers Who Work

ImageAn Amazon warehouse in Arizona. Moving inventory in warehouses was one of the fastest-growing categories of jobs for single mothers.CreditRalph D. Freso/Reuters Single mothers in the United States can face many barriers to employment, like finding affordable child care and predictable work schedules. For many, a sick child or a flat tire can mean a […]

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