Jobs crisis may spark riots - New York City Mayor Bloomberg
CNNMoney
Aaron Smith, On Friday September 16, 2011, 4:11 pm EDT
New York City Mayor Michael Bloomberg is worried that high U.S. unemployment could lead to the same kind of riots here that have swept through Europe and North Africa.
"You have a lot of kids graduating college, [who] can't find jobs," said Bloomberg, during his weekly radio show on Friday. "That's what happened in Cairo. That's what happened in Madrid. You don't want those kinds of riots here."
Read complete story:
http://finance.yahoo.com/news/Jobs-crisis-may-spark-riots-cnnm-1101518261.html?x=0
Tuesday, September 20, 2011
Monday, August 8, 2011
Fed takes spotlight as recession fears loom
Fed meets as weakening economy, debt downgrade and market turmoil fuel recession fears
Martin Crutsinger, AP Economics Writer, On Monday August 8, 2011, 3:52 pm EDT
WASHINGTON (AP) -- When it meets Tuesday, the Federal Reserve could signal what it can or will do to help the nation avoid another recession.
Since the Fed last met in June, Standard & Poor's has downgraded long-term U.S. debt, stock markets have plunged, Europe has struggled to contain its debt crisis and a range of indicators have shown the U.S. economy struggling to grow.
Full story:
http://finance.yahoo.com/news/Fed-takes-spotlight-as-apf-4187310779.html;_ylt=AnwIG_p6LuAIbaD64zd3N86iba9_;_ylu=X3oDMTFkc3A4ODBzBHBvcwM4BHNlYwNuZXdzSHViQXJ0aWNsZUxpc3QEc2xrA2ZlZHRha2Vzc3BvdA--?x=0
Martin Crutsinger, AP Economics Writer, On Monday August 8, 2011, 3:52 pm EDT
WASHINGTON (AP) -- When it meets Tuesday, the Federal Reserve could signal what it can or will do to help the nation avoid another recession.
Since the Fed last met in June, Standard & Poor's has downgraded long-term U.S. debt, stock markets have plunged, Europe has struggled to contain its debt crisis and a range of indicators have shown the U.S. economy struggling to grow.
Full story:
http://finance.yahoo.com/news/Fed-takes-spotlight-as-apf-4187310779.html;_ylt=AnwIG_p6LuAIbaD64zd3N86iba9_;_ylu=X3oDMTFkc3A4ODBzBHBvcwM4BHNlYwNuZXdzSHViQXJ0aWNsZUxpc3QEc2xrA2ZlZHRha2Vzc3BvdA--?x=0
Jobs: Worse than you think
By Chris Isidore @CNNMoney August 8, 2011: 3:50 PM ET
NEW YORK (CNNMoney) -- The U.S. labor force is shrinking, as more Americans are giving up hope.
Last month, only 58.1% of Americans age 16 and over were employed, a significant drop from before the recession and the lowest since 1983.
That's especially worrisome to economists, who say a steady increase in those dropping out of the work force and not being counted in the unemployment rate is disguising just how bad the labor market really is.
Full story:
http://money.cnn.com/2011/08/08/news/economy/unemployment_jobs/index.htm
NEW YORK (CNNMoney) -- The U.S. labor force is shrinking, as more Americans are giving up hope.
Last month, only 58.1% of Americans age 16 and over were employed, a significant drop from before the recession and the lowest since 1983.
That's especially worrisome to economists, who say a steady increase in those dropping out of the work force and not being counted in the unemployment rate is disguising just how bad the labor market really is.
Full story:
http://money.cnn.com/2011/08/08/news/economy/unemployment_jobs/index.htm
Sunday, August 7, 2011
Job creation: easier said than done
SFGate.com
Bottom Line - Andrew S. Ross
In a nutshell, the rise of emerging economies, such as China, has forever upset what the United States and the West thought was the permanent order of things. For example, middle-income manufacturing jobs, even in growth sectors such as high tech and pharmaceuticals, once the "exclusive purview" of the West, are shifting away dramatically. The shift constitutes "a permanent, irreversible change."
Full story:
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/08/07/BU9T1KJ3SB.DTL
Bottom Line - Andrew S. Ross
In a nutshell, the rise of emerging economies, such as China, has forever upset what the United States and the West thought was the permanent order of things. For example, middle-income manufacturing jobs, even in growth sectors such as high tech and pharmaceuticals, once the "exclusive purview" of the West, are shifting away dramatically. The shift constitutes "a permanent, irreversible change."
Full story:
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/08/07/BU9T1KJ3SB.DTL
Friday, August 5, 2011
Beneath jobs report surface lie some ugly truths
By Jeff Cox, CNBC.com
...According to a Bureau of Labor Statistics breakdown, there were 139,296,000 people working in July, compared to 139,334,000 the month before, or a drop of 38,000.
But the job creation number was positive and the unemployment rate went down, right? So how does that work?
Full story:
http://www.cnbc.com/id/44033486
...According to a Bureau of Labor Statistics breakdown, there were 139,296,000 people working in July, compared to 139,334,000 the month before, or a drop of 38,000.
But the job creation number was positive and the unemployment rate went down, right? So how does that work?
Full story:
http://www.cnbc.com/id/44033486
Thursday, August 4, 2011
Federal Reserve won't save stocks and economy -- The Buzz
CNN Money
Paul R. La Monica, On Thursday August 4, 2011, 3:36 pm EDT
News flash for harried traders! The Federal Reserve may have two mandates. But placating Wall Street isn't one of them.
Yes, stocks are continuing their, to quote Tom Petty, free fall out into nothing. The Dow was down more than 400 points Thursday afternoon. And yes, the economy seems to be losing steam -- especially the job market.
Full story:
http://finance.yahoo.com/news/Federal-Reserve-wont-save-cnnm-4024691109.html?x=0
Paul R. La Monica, On Thursday August 4, 2011, 3:36 pm EDT
News flash for harried traders! The Federal Reserve may have two mandates. But placating Wall Street isn't one of them.
Yes, stocks are continuing their, to quote Tom Petty, free fall out into nothing. The Dow was down more than 400 points Thursday afternoon. And yes, the economy seems to be losing steam -- especially the job market.
Full story:
http://finance.yahoo.com/news/Federal-Reserve-wont-save-cnnm-4024691109.html?x=0
Dow falls 512 in steepest decline since '08 crisis
Worst day for Wall Street since 2008 crisis: Dow falls 512 and investors flee for safety
David K. Randall, AP Business Writer, On Thursday August 4, 2011, 8:15 pm
NEW YORK (AP) -- Gripped by fear of a new recession, the stock market suffered its worst day Thursday since the financial crisis in the fall of 2008. The Dow Jones industrial average fell more than 500 points, its ninth-steepest decline.
The sell-off wiped out the Dow's remaining gains for 2011. It put the Dow and broader stock indexes into what investors call a correction -- down 10 percent from their highs in the spring.
Full story:
http://finance.yahoo.com/news/Dow-falls-512-in-steepest-apf-169769799.html?x=0
David K. Randall, AP Business Writer, On Thursday August 4, 2011, 8:15 pm
NEW YORK (AP) -- Gripped by fear of a new recession, the stock market suffered its worst day Thursday since the financial crisis in the fall of 2008. The Dow Jones industrial average fell more than 500 points, its ninth-steepest decline.
The sell-off wiped out the Dow's remaining gains for 2011. It put the Dow and broader stock indexes into what investors call a correction -- down 10 percent from their highs in the spring.
Full story:
http://finance.yahoo.com/news/Dow-falls-512-in-steepest-apf-169769799.html?x=0
Monday, August 1, 2011
Manufacturing growth hits lowest level in 2 years
Manufacturing activity barely grew in July; economy's slump could extend into summer
WASHINGTON (AP) -- Manufacturers had their weakest growth in two years in July, a sign that the economy could weaken this summer.
Full story:
http://finance.yahoo.com/news/Manufacturing-growth-hits-apf-525121081.html?x=0&sec=topStories&pos=7&asset=&ccode=
WASHINGTON (AP) -- Manufacturers had their weakest growth in two years in July, a sign that the economy could weaken this summer.
Full story:
http://finance.yahoo.com/news/Manufacturing-growth-hits-apf-525121081.html?x=0&sec=topStories&pos=7&asset=&ccode=
Friday, July 29, 2011
Recession risks up amid slow growth, debt standoff
WASHINGTON (AP) — The economy is at risk of slipping into another recession.
It nearly stalled in the first six months of the year, the government reported Friday. Economic growth was feeble in the second quarter and practically non-existent in the first.
Full story:
http://news.yahoo.com/recession-risks-amid-slow-growth-debt-standoff-203841443.html
It nearly stalled in the first six months of the year, the government reported Friday. Economic growth was feeble in the second quarter and practically non-existent in the first.
Full story:
http://news.yahoo.com/recession-risks-amid-slow-growth-debt-standoff-203841443.html
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