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Spanish jobless rate nears 26 percent

Spain's unemployment rate climbed to nearly 26 percent in the first quarter of 2014 as millions searched in vain for a job in a sluggish recovery from recession. Despite emerging gingerly from a two-year downturn in mid-2013, official figures Tuesday……

U.S. unemployment rate falls to 6.7 percent despite weak job growth

The US economy added just 74,000 jobs in December, but the overall unemployment rate continued to fall, hitting 6.7 percent, the lowest since October 2008, the Labor Department said Friday. The job creation figure, watched more closely as a sign of the health of the economy, was far less than…

Leading Republicans’ states among worst hit by jobless benefits cuts

by Paul Lewis, theguardian.com Senior Republican senators including Mitch McConnell, Marco Rubio and Rand Paul represent some of the states most affected by the controversial cancellation of long-term unemployment benefits, according to a Guardian analysis of data released this week. Democrats, with strong backing from the White House, are orchestrating a major push…

U.S. economy adds surprise 204,000 jobs in October

The US economy added a surprise 204,000 jobs in October despite the government shutdown, double what analysts forecast, the Labor Department reported Friday. With revisions that added 60,000 net new jobs to the previous two months’ numbers, the data painted a better picture than expected of job growth in the…

September jobs report brings more bad news for young workers

September jobs report shows young people still losing out (via The Christian Science Monitor) Job seekers wait to meet with employers at a career fair in New York City.The unemployment rate remained unchanged at 7.2 percent in September, but job growth for young workers still lags. (Mike Segar/Reuters/File) Six years…

IMF predicts U.S. economic growth to slow due to political havoc

The International Monetary Fund on Tuesday cut its growth forecast for the US economy, and warned that Washington’s political paralysis could drag growth down further. The Fund, in its new World Economic Outlook, said the US economy would grow 1.6 percent this year and accelerate to 2.6 percent in 2014,…

Unemployment rate falls to 7.4 percent despite slower job growth due to shrinking labor force

WASHINGTON (Reuters) – U.S. employers slowed their pace of hiring in July but the jobless rate fell anyway, mixed signals that could make the U.S. Federal Reserve more cautious about drawing down its huge economic stimulus program. The number of jobs outside the farming sector increased by 162,000, the Labor…

IMF finds $11 billion ‘black hole’ in Greece’s finances

Recession continues in Greece as unemployment hits 27%, but flickering growth returns elsewhere in EU The International Monetary Fund warned the eurozone yesterday that it may be forced to write off a chunk of Greece’s debt after identifying an $11bn black hole in the finances of the recession-stricken country. In…

U.S. adds better-than-expected 195,000 jobs in June

WASHINGTON — The United States added a better-than-expected 195,000 jobs in June, and job growth in prior months was revised higher, official data released Friday showed. The unemployment rate held steady at 7.6 percent as the number of people in the work force continued to rise, the Labor Department said.…

U.S. adds 175,000 jobs in May

The US economy added a modest 175,000 jobs in May, the Labor Department announced Friday, dispelling some worries that job creation had slumped in the spring. The unemployment rate ticked up 0.1 percentage points to 7.6 percent.…

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