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Researchers: More U.S. mothers staying at home because of unemployment

More mothers in the United States are staying home, but the increase is linked more to unemployment and demographic changes than to choice, a study published Tuesday suggested. In 2012, nearly one in three mothers, or 29 percent, did not work outside the home, up from 23 percent in 1999,…

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…

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…

Greek unemployment climbs to 27 percent

Greek unemployment climbed to 27 percent of the workforce in February compared with 26.7 percent a month earlier, the state statistics agency said on Thursday. The number of unemployed rose to 1,320,189 while 3,568,186 were registered as employed. The highest rate was registered for youths aged 15-24, at 64.2 percent.…

U.S. adds 165,000 jobs in April, lowering unemployment to 7.5 percent

WASHINGTON — The US economy added a solid 165,000 jobs in April, and the unemployment rate fell from 7.6 percent to 7.5 percent, its lowest level since December 2008, the Labor Department said Friday. The better-than-expected monthly jobs data also showed much stronger hiring in February and March — data…

Eurozone unemployment hits record 12% in February with 19 million ‘on the dole’

Eurozone unemployment ran at a record 12 percent in February, with more than 19 million people on the dole as the debt crisis continued to sap the economy, official data showed Tuesday. The Eurostat data agency said unemployment in the 17-nation eurozone at 12 percent was unchanged from January when…

Greek unemployment reaches 26 percent

Greek unemployment surged to 26 percent of the workforce in the fourth quarter of 2012 compared with 20.7 percent in the corresponding period a year earlier, the state statistics agency said on Thursday. The jobless rate was 24.8 percent in the third quarter, the national statistics authority Ase added in…

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.…

Remember the 99ers? Long-term unemployed workers’ invisible struggle

Pam Sexton, 46, works at one of the world’s most prestigious hospitals — the Mayo Clinic in Rochester, Minnesota. But she’s an intern, and her internship doesn’t come with health insurance. When she got laryngitis more than six weeks ago, she had to go to the Salvation Army clinic for…

Geithner hopeful for renewed drop in U.S. jobless rate

NEW YORK — US Treasury Secretary Tim Geithner said on Sunday said that US unemployment numbers, which stalled earlier this month, could resume their decline ahead of November’s election in which the economy will top voters’ concerns. “If the economy keeps growing at a moderate pace, then, yes, more people…

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