All posts tagged "Unemployment"

Ed Yardeni, whom CNBC calls "one of the biggest bulls on Wall Street," claimed President Donald Trump’s extensive tariffs are raising the risk of "stagflation."

Stagflation occurs when there's stagnant economic growth combined with high inflation and high unemployment. A full-blown recession happens when the economy shrinks, as evidenced by two successive quarters of declining gross domestic product.

CNBC reported that Yardeni sent a note to clients Thursday, saying, “It has dawned on Wall Street (and us!) that President Trump’s tariffs aren’t negotiating chips to help the U.S. lower tariffs around the world, promoting free trade. They’re trade barriers, triggering other countries to respond in kind, and they jeopardize U.S. inflation and economic growth."...

If a magazine proudly lables itself "The Economist," you would expect that publication to understand the economic burdens of today's youth. But when a tone deaf writer at the magazine tweets an article asking "Why aren't millennials buying diamonds" it pretty much sums up how oblivious some can be in matters they're supposed to be experts in.

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.

by Paul Lewis, theguardian.com

Recession continues in Greece as unemployment hits 27%, but flickering growth returns elsewhere in EU

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.