A jobless Latvian is ending a ten day protest hunger strike today against his country’s unemployment problems. Gints Gaikens has been camped out in a tent for all that time in front of government buildings. Other protesters have gradually joined him, in what has become known as Riga’...
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The nation received some of the best news in two years on the job front last week when the unemployment rate dropped. And there might be some hope ahead for the millions of people still out of work.
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Initial unemployment claims for the week ending December 5 rose by 17,000, to a seasonally adjusted 474,000, the Labor Department said Thursday. This was the first increase for initial jobless claims in six weeks, and the total number of people claiming jobless benefits totaled 10 million, the L...
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(NECN: Peter Howe, Lawrence, Mass.) - The city of Lawrence, Massachusetts, is in such dire financial shape that it’s in danger of being put into receivership. Today, Governor Deval Patrick met with top city officials to try and stop that from...
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Dec. 10 (Bloomberg) — Bill King, a market strategist at M. Ramsey King Securities and editor of The King Report, talks with Bloomberg’s Betty Liu about his interpretation of U.S. employment data released by the government. King, speaking from Chicago, also discusses the value of labor data...
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Treasury Secretary Timothy Geithner is defending his extension of the U.S. government’s unpopular financial bailout as necessary to safely wind down the program. (Dec. 10)
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German unemployment ticked down again in November after falling for four months, but only because of government support for part-time jobs. Retail sales bucked a declining trend and rose. However with deepening unemployment expected the outlook for consumption is bleak warn analysts....
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