2.3 Million Live With Long-Term Unemployed Parents
Long-term unemployment has become a deeper and deeper problem in the United States. Just as large a problem, if not larger, is the number of Americans who live with parents who have been unemployed…
Economy
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Newest first · Page 40West Virginia, Mired in Poverty, Stuggles With Huge Chemical Spill
Some 300,000 West Virginia residents are unable to drink local water because of a recent chemical spill. The state is so poor, and its government so strained by efforts to dig people out of…
Unemployment and Payrolls Made Bonds Safe Again, Maybe
Friday's Employment Situation report from the U.S. Labor Department may have just made investing in bonds safe again. It seems that if interest rates rise, that rise will be very gradual.
Even at 7%, U.S. Unemployment Much Too High, Far From Normal 5%
No matter how much cheer there is in an unemployment rate of less than 7%, the figure remains much worse than its needs to be for a complete economic recovery.
More Millionaires in Congress Than Ever Before
At a time when federal lawmakers are debating issues like unemployment benefits, food stamps and the minimum wage, as well as considering an overhaul of the tax code, there are now more millionaires in…
European Central Bank and Bank of England Deliver Duds
ThinkstockThere has been talk in Europe that Mario Draghi might have make more noise about vigilant policy to prevent weakness from arising, but very few in the investor community were expecting much from the…
FOMC Minutes: Yellen Fed Equals Bernanke Fed
ThinkstockThe Federal Reserve is out with its minutes from the December FOMC meeting. We generally warn readers that minutes are often the third look at a Fed meeting, but this pertains to the FOMC…
CEO Confidence on the Rise
ThinkstockIt appears as though the rise in equity markets is coinciding with a boost in confidence among America’s top Chief Executive Officers. The Conference Board and PwC have reported on CEO Confidence showing a…
Euro Area Unemployment Stays High at 12.1%
If unemployment is at the foundation of measurements of national economic health, then the euro area and European Union remain crippled with little hope in sight for a recovery.
Yellen Fed Chairman Approval Rating by Senate Came at Record Low
Janet Yellen has been confirmed by the Senate as the next chair of the Federal Reserve. She will be the first woman to ever hold the position. Her confirmation vote by the Senate was…
December Consumer Spending Highest in Five Years: Gallup
Following a drop to $84 in September, consumer spending has risen steadily to a five-year high of $96 a day in December, according to Gallup.
Extreme Cold to Deal Blow to Economy
ThinkstockHurricanes, floods, heat waves and snow storms. Any can be powerful enough or widespread enough to actually chip a piece of U.S. GDP improvement in a given quarter. With two-thirds of the nation wracked…
Wealthiest 3% Control One-Fifth of World Income
Globally, it is not the richest 1%, but the wealthiest 3% who control one-fifth of the world's income, according to Gallup poll results. Income inequality levels are highest in sub-Saharan Africa and East Asia.
U.S. PMI at 11-Month High
The U.S. economy continued expanding in December, posting a purchasing managers index (PMI) reading of 55.0, above the November reading of 54.7 and the consensus estimate for 54.5.