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Colbert: BLS should release ‘all the numbers’ when they go to the bathroom
Stephen Colbert joined the chorus of conservative skepticism over the recent statistical drop in the country’s unemployment rate Monday, saying the .3 percent drop “seems a little bit too barely-better to be true.” The Oct. 5 report by the Bureau of Labor Statistics (BLS) revealed that the unemployment rate had…
Romney: Economy improving because Americans are ‘giving up and dropping out’
Republican presidential candidate Mitt Romney said Friday that the nation’s improving unemployment rate actually means that “more and more Americans” have simply decided they don’t want to work anymore, “giving up and dropping out” of the job hunt. “The unemployment rate, as you know, this year has come down very,…
Report: Unemployment dropped in Britain
The number of unemployed people in Britain fell by 7,000 to 2.59 million in the quarter to July compared with the three months to April, official data showed on Wednesday. Britain’s unemployment rate was stable at 8.1 percent, the Office for National Statistics said in a statement. The rate and…
Fox News falsely claims unemployment nearly doubled under Obama
The Fox News show Fox & Friends used two separate measurements of unemployment to falsely claim that the unemployment rate had nearly doubled under President Barack Obama. “When you look at the numbers, the numbers are damning,” co-host Steve Doocy said. “These are not good for the President. Jay Carney…
Weak U.S. job numbers add to push for Fed action
A glum US jobs market report for August on Friday was bad news for President Barack Obama’s reelection fight but raised the likelihood that the Federal Reserve will take fresh action to boost the economy. The weak economy added a meager 96,000 jobs in August, and the official number of…
Tea party hero Rick Santelli predicts lower unemployment under Obama
CNBC analyst Rick Santelli’s Wall Street friends didn’t sound very happy Friday morning when he predicted that America’s jobs outlook would only improve between now and the election. But that’s what he said, and it sounded like he’s sticking to it. “Hey, I want to make a prediction for the…
Employers fall down on promises to hire veterans
Michael Liguori is like a lot of other college graduates looking for a job. After graduating from the private nonprofit Menlo College last year, he’s been searching for a job that’s a good fit for his major in business management. But Liguori is also a 28-year-old California veteran who served tours in Iraq.…
Eurozone jobless numbers hit record 18 million
AFP – Jobless numbers across the 17-nation eurozone hit a record 18 million in July, the EU statistics agency said Friday. An additional 88,000 people joined the ranks of the unemployed throughout July, although upwardly-revised June data meant that the unemployment rate was unchanged at 11.3 percent, with Eurostat confirming…
CBO: Plans to slash deficit will send U.S. into double-dip recession
The US Congress’s budget analysts said Wednesday that current plans designed to slash the budget deficit after January 1 will plunge the country into recession and push up joblessness. The Congressional Budget Office said the poison-pill political deal on the budget last year — sharp cuts to spending and tax increases that will hit…
Unemployment up to 8.3 percent in July despite some job creation
The US economy created a solid 163,000 jobs in July, the Labor Department said Friday, unveiling data that will help President Barack Obama dull attacks from his Republican rival. The economy created many more jobs than the 100,000 expected from economists, although the unemployment rate ticked up to 8.3 percent.…
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