The alleged recovery took a direct hit from Friday’s payroll jobs report. The Bureau of Labor Statistics reported that the economy created 74,000 net new jobs in December. Wholesale and retail trade accounted for 70,700…
Tag: unemployment
Author and activist Noam Chomsky said that the congressional controversy over extending unemployment benefits is evidence that American politics has descended into madness. “The refusal to provide very minimal living standards to people who are caught in this monstrosity — that’s just pure savagery,” Chomsky said during an interview with HuffPost Live. “There’s no other word for it.” Chomsky is a leading American intellectual known at first for his academic work in the field of linguistics. He has since become an influential activist and progressive political thinker. HuffPost will be publishing excerpts from its interview with Chomsky over the next week. Republicans pursued food-stamp cuts last year, and blocked a deal to extend unemployment benefits during budget negotiations in December.
80 percent of U.S. adults face near-poverty, unemployment, survey finds People look through boxes of food during a food distribution by the Food Bank of the Southern Tier Mobile Food Pantry on June 20, 2012,…
CAGLIARI, Sardinia (Reuters) – Pope Francis made one of his strongest attacks on the global economic system on Sunday, saying it could no longer be based on a “god called money” and urged…
U.S. consumer confidence falls in August from six-year high U.S. consumer confidence dipped in August from a six-year high hit last month as interest rates moved higher, according to a consumer sentiment index released Friday….
On July 16, 2013, Goldman Sachs, the fifth largest US bank by assets announced its second quarter profits doubled the previous year to $1.93 billion. J. P. Morgan, the largest bank made $6.1 billion in…
With fingernails and toenails painted matching pink, and a smile adoring her beautiful face, Jackie Bao returns from her winter holidays in the States fully refreshed and fully ready to move pass the bitter disappointments…
Federal Reserve Chairman Ben Bernanke has warned that the country’s unemployment situation “remains a grave concern” as the hiring process in the job market stays sluggish. “Fewer than half of the eight million jobs…
In his report on the Bureau of Labor Statistics’ latest jobs and unemployment report, statistician John Williams (shadowstats.com) writes: “The July employment and unemployment numbers published today, August 3rd, were worthless and likely misleading.” I will…