Washington: Another bad month for the US job market is lengthening the list of perils facing the global economy. American employers added only 69,000 jobs in May, the fewest in a year and not even close to what economists expected. For the first time since June, the unemployment rate rose, to 8.2 per cent from 8.1 per cent. It was the third month in a row of weak job growth...
11:02 AM, Jun 02, 2012
New Delhi: The Government on Monday said unemployment was on the decline in both urban and rural areas as per the figures of recent surveys. "Reliable estimates of employment and unemployment are obtained through quinquennial labour force surveys conducted by National Sample Survey Office. Last such survey was conducted during 2009-10," Union Labour Minister Mallikarjun Kharge told Lok Sabha in reply to a query. "As per the two most recent...
04:31 PM, May 21, 2012
New York: A slum boy who now owns a food industry empire in Chennai - thanks to his poverty stricken mother who sold idlis on pavements to educate him - was honoured at a youth conference of the World Bank for his entrepreneurship and leadership skills. Sarath Babu Elumalai was among the three youth invited from across the globe for the Bank's annual flagship event, the Global Youth Conference, to...
01:59 PM, Mar 14, 2012
Washington: More than 2.27 lakh jobs were added to the US economy in the month of February, with unemployment remaining at 8.3 per cent, official figures released on Friday said, prompting the White House to assert that the country s economy is gaining ground. "Today's employment report provides further evidence that the economy is continuing to heal from the worst economic downturn since the Great Depression," Alan B Krueger, Chairman...
11:18 PM, Mar 09, 2012
Washington: The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama. Nonfarm payrolls jumped 243,000, the Labor Department said on Friday, as factory jobs grew by the most in a year. The jobless rate fell to 8.3 per cent - the lowest since February 2009 - from 8.5...
05:46 AM, Feb 04, 2012
Davos: In a candid admission of the problems plaguing the world's largest economy, US Treasury Secretary Timothy Geithner said on Friday the country was seeing "very high levels of poverty and inequality". Geithner's comments at the World Economic Forum (WEF) annual meeting in Davos came on a day when the US government data showed that the country's economy grew 2.8 per cent in the last three months of 2011. "(There...
10:03 PM, Jan 27, 2012
Washington: The US unemployment rate tumbled to a 2-1/2 year low in November, even though the pace of hiring remained too slow to suggest a significant acceleration in the labor market recovery. Nonfarm payrolls increased by 120,000 jobs, the Labor Department said on Friday, and the jobless rate dropped to 8.6 per cent, the lowest since March 2009, from 9 per cent in October. It was the biggest monthly decline...
04:31 AM, Dec 03, 2011
It is almost December, 2011, and we are yet to see the ministry of labour and employment come out with the national unemployment rate for 2010-2011. The country sincerely hopes that the Report on Employment and Unemployment Survey (2009-2010), published in October 2010, was not a one-off thing. Studies based on statistics collected at the ground level have been invaluable to ascertain successes and failures of various schemes and programmes....
02:03 PM, Nov 28, 2011
Washington: President Barack Obama is pushing in his weekly radio and Internet address for Senate passage of his nearly $450 billion jobs bill as senators prepare to vote on Tuesday on moving to debate on the measure. Obama also asked listeners to Saturday's address to tell their senators to support the bill, which he's been lobbying for aggressively against Republican opposition since unveiling it a month ago. With the economy...
09:04 PM, Oct 08, 2011
Washington: US President Barack Obama indicated raising taxes on the rich and on energy firms to fund his $ 447 billion jobs stimulus bill, asking lawmakers to pass the law without "delays" and "politics", a proposal that immediately drew sharp reactions from the Republicans. Obama sent to the US Congress, the jobs bill that he intends to pay for by ending tax incentives for oil and gas firms and individuals...
11:57 AM, Sep 13, 2011
Vineyard Haven: US President Barack Obama said on Sunday he expects to be judged in the 2012 election over his governance of the American economy, which he said was still not growing fast enough. "For me to argue, look, we've actually made the right decisions, things would have been much worse has we not made those decisions that's not that satisfying if you don't have a job right now," Obama...
10:37 PM, Aug 21, 2011
Bangalore: Observing that politics should be an instrument for socio-economic transformation, BJP president Nitin Gadkari on Friday said that India was facing poverty and unemployment due to 'wrong governance'. "India is a rich nation full of poor people. The country is facing challenges of unemployment and poverty owing to wrong economic policy and wrong governance," he said. Delivering his address at the 94th Federation of Karnataka Chambers of Commerce and...
05:41 PM, Jun 24, 2011
Greeks protested a new round of austerity measures that is likely to see more job losses and more tax increases. ...
08:25 AM, Jun 16, 2011
Jerusalem: The Gaza Strip enters its fifth year of a full Israeli blockade by land, air and sea on Tuesday with unemployment at 45.2 percent, one of the highest rates in the world, a UN aid agency report said. The UN Relief and Works Agency for Palestine Refugees (UNRWA) found that by the second half of 2010, real wages had fallen 34.5 percent since the first half of 2006, when...
03:41 AM, Jun 14, 2011
New Delhi: The Left parties on Monday accused the Government of not taking any step to check high prices, poverty, unemployment or corruption, saying the budget was aimed at burdening the poor and subsidising the rich. The CPI(M) said Finance Minister Pranab Mukherjee promised to bring in or amend seven legislations to liberalise the financial sector and attract FDI which the UPA-I government could not do because of Left opposition....
05:18 PM, Feb 28, 2011
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