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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,…

U.S. has ‘long way to go’ after poor jobs report: Obama

President Barack Obama said Friday the US economy has “a long way to go” towards a strong recovery, after the government released weak jobs figures showing unemployment crept up to 9.2 percent. Obama said the poor jobs report “confirms what most Americans already know,” that the recovery from what he…

Clinton: ‘I’ll be surprised’ if Obama not re-elected

Former US president Bill Clinton said Thursday that he expects to see fellow Democrat Barack Obama re-elected to the White House in 2012. “I’ll be surprised if he’s not re-elected,” Clinton told ABC News. “I’ve always thought he would be.” Clinton, who led the country from 1993 to 2001, was the last Democratic president…

Spain’s ‘indignant’ launch new protest march

BARCELONA (AFP) – Spain’s “indignant” activists began their last and longest protest march on Saturday, leaving from the northeastern city of Barcelona to cover 650 kilometres on their way to a major Madrid rally on July 24. Two other marches set off earlier this week, from Valencia in the east…

Romney revives Thatcher campaign ad

WASHINGTON (AFP) – Mitt Romney Friday compared President Barack Obama’s America to the economic blight of 1970s Britain, invoking an iconic campaign advertisement to boost his Republican presidential run. “Obama Isn’t Working” read a mocked-up campaign poster on Romney’s website, in tribute to the Conservative Party’s devastating “Labour Isn’t Working”…

Progressive Dems launch anti-unemployment tour: ‘Jobs equal deficit reduction’

WASHINGTON – With the debate on Capitol Hill having shifted from job creation to deficit reduction, the Congressional Progressive Caucus on Tuesday launched a 12-city summer listening tour aimed at refocusing the economic discussion on the unemployment rate. “The Republican majority has not offered one bill, one proposal, one concrete…

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