Coming February 6, 2024 . . .
MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
Pre-order at Barnes & Noble / Amazon / Books-A-Million / Bookshop
Coming February 6, 2024 . . . MURDER, POLITICS, AND THE END OF THE JAZZ AGE by Michael Wolraich Pre-order at Barnes & Noble / Amazon / Books-A-Million / Bookshop |
By Julia Kollewe and Phillip Inman, guardian.co.uk, Oct. 31, 2012
Unemployment in the eurozone has risen to a new record, with more than one in four out of work in Spain and Greece.
There are now 18.49 million people without jobs in the 17 countries sharing the euro, said the European statistics office Eurostat on Wednesday with an extra 146,000 joining the ranks of the unemployed last month. Youth unemployment – joblessness among under-25s – rose to 23.3%, up from 21% during the same month a year ago. [....]
Eurostat said the jobless rate across the eurozone increased to 11.6% in September, the highest on record, from a revised 11.5% in August.
The lowest unemployment rates were recorded in Austria (4.4%), Luxembourg (5.2%), Germany and the Netherlands (both 5.4%), which are near full employment. Spain (25.8%) and Greece (25.1% in July) had the highest unemployment in the eurozone, while France looks much like Italy (both at 10.8%), with a steady rise in joblessness. August data for Greece will be published next week, although the true picture is probably worse than the official figures show as a growing number of Greek workers remain nominally employed but have not been paid for some time. [....]
And in the U.S.:
The Jobs Picture, as a New Report Awaits
By Annie Lowrey, Economix Blog @ nytimes.com, Nov.1, 2012
Here is what we know about the economy, and in particular the jobs situation.
Employers are adding workers at a fairly sluggish clip, at a pace of about 146,000 jobs a month in the past three months. That’s probably more jobs than is necessary to keep the unemployment rate stable, given the natural growth in the size of the labor market. But it is fewer jobs than is necessary to pull the unemployment rate down from its elevated level of 7.8 percent very quickly.
Of late, consumers have been feeling better. Home prices have bottomed out in many markets, and are picking up in many others. The ranks of the jobless have shrunken, and millions of workers are seeing their wages increase, though not by much. Households have worked their way through the worst of the “deleveraging process [....]
Also see:
Little Federal Help for the Long-Term Unemployed
By Annie Lowrey and Catherine Rampell, New York Times, Nov. 1/2, 2012
WASHINGTON — In the economy-focused presidential campaign, the two candidates and their teams have scarcely mentioned what economists describe as not just one of the labor market’s most pressing problems, but the entire country’s: long-term unemployment.
Nearly five million Americans out of work for more than six months are left to wonder what kind of help might be coming, as the Federal Reserve, the International Monetary Fund and a bipartisan swath of policy experts implore Washington to act — both to alleviate human misery and to ensure the strength of the economy.
The pain of the long-term unemployed has persisted even as the overall jobs picture has brightened a bit and the unemployment rate has fallen to 7.8 percent. The new government report for October was due to be released on Friday morning.
“The problem is incredibly urgent,” said Kevin A. Hassett, director of economic policy studies at the American Enterprise Institute and an adviser to Mitt Romney’s campaign [....]
Comments
by artappraiser on Fri, 11/02/2012 - 11:59pm