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Eurozone unemployment at record 11%
Eurozone unemployment stood at a record high of 11.0 percent for the second month running in April, with Spain the hardest hit at 24.3 percent, revised official figures showed Friday. More than 17.4 million people were jobless in the single currency area in April, more than 3.5 million of them…
Romney pledges 6 percent unemployment after saying 4 percent is too high
Presumptive Republican presidential nominee Mitt Romney is promising that unemployment will be at 6 percent or lower by the end of his first four years in office. During a Wednesday interview, Time magazine’s Mark Halperin asked the candidate to be specific about how many Americans would looking for a job…
Long-term unemployment remains virtually unchanged in economic recovery
Before the birth of her fourth child, Keron Bartholomew decided she needed to be near her family in Orlando, Florida. Her partner, Fernando Bogle, was still in college in New York, and was hoping to become a pharmacist. He planned to join them when he graduated. But within a year…
Eurozone unemployment hits record 10.9 percent
Eurozone unemployment spiked to a record 10.9 percent in March, piling pressure on governments on Wednesday to shift from austerity-first to growth policies so as to revive the economy. The figures, up from 10.8 percent in February, coincided with a survey showing manufacturing in the 17-nation eurozone stumbling to near…
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…
Unexpected drop in U.S. unemployment
US unemployment dropped unexpectedly to 8.2 percent in March, the lowest rate in more than three years, despite a mixed picture on hiring and apparent weakness in the retail sector. Despite the positive headline number, the Labor Department reported that the number of unemployed workers hovered close to 13 million…
New York protesters line up against unemployment
NEW YORK — An estimated 5,000 demonstrators formed a three-mile (five-kilometer) line in downtown New York Tuesday to protest unemployment in the United States, an event aimed at drawing notice during the “Super Tuesday” primaries. The marchers carried pink slips, the traditional symbol of job layoffs, as they formed a…
Eurozone unemployment hits record 10.4 percent
Eurozone unemployment hit a record 10.4 percent in November and December, provisional official figures showed on Tuesday. The Eurostat data agency had previously estimated anunemployment rate of 10.3 percent in November but it was revised to 10.4 percent in its latest report. The jobless rate has now remained at 10 percent or above…
Gingrich: ‘I don’t want to pay people 99 weeks to do nothing’
Republican presidential candidate Newt Gingrich asserted Monday that workers who lose their jobs were being paid by the government for “99 weeks to do nothing.” Speaking to about 200 employees at Insight Technology, a defense contractor in New Hampshire, the former U.S. House Speaker called for funds workers pay into…
Colorado medical marijuana patient wins unemployment benefits
A Colorado man who was fired from his job after testing positive for medical marijuana properly obtained under state law has won an appeal that grants him full unemployment benefits, in spite of his former employer’s objections. Lauro Sosa’s claim for unemployment benefits was filed against the Swift Beef Company,…
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