As members of the class of 2013 stepped on stage to receive their diplomas, the unemployment rate in America stood at 7.6 percent [3] — a bit better than the past four years, but that ain’t saying much. Before the financial crisis, students graduating in 2007 faced a much rosier jobless rate of …
Unemployment in the euro zone hit a two-year high in April. According to the latest figures of Europe’s Eurostat statistical agency published on Friday, the unemployment rate rose from 12.1 percent in March to 12.2 percent last month. Fully 24.4 percent of young workers have no job. The highest jobless …
Gary talks about statin drugs, cholesterol, broccoli and asthma, and nutritious seaweed. Callers ask about swollen knees, detox tea, sluggishness on natural protocol, and if Gary can teach a course about business ethics. Related articles Talk Back with Gary Null – 04/28/13 Talk Back with Gary Null – 05/05/13 …
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Danish Ambassador Peter Taksoe-Jensen spent a weekend in Vermont this month traveling with me to town meetings in Burlington, Brattleboro and Montpelier. Large crowds came out to learn about a social system very different from our own which provides extraordinary security and opportunity for the people of Denmark. Today in …
At last, some excellent economic news for folks long-mired in the stagnant labor market! At least, those were the headlines recently trumpeted across the country. “Jobs Spring Back,” exclaimed a typical headline or report that companies added a better than expected 165,000 private-sector jobs in April. Wow — the thunderous, …
Perhaps more than any other section of society, young people around the world have been made to bear the brunt of the capitalist crisis. In the five years since the 2008 crash, youth unemployment has reached Depression-era levels, young workers’ wages have plummeted, and education opportunities have collapsed. As with …
There are nearly 15 million farmers (‘Main’ cultivators) fewer than there were in 1991. Over 7.7 million less since 2001, as the latest Census data show. On average, that’s about 2,035 farmers losing ‘Main Cultivator’ status every single day for the last 20 years. And in a time of jobless …
While near record low sovereign bond spreads and near record high equity prices have been taken as vindication by the European elites that all is well and ‘we just need a little less fauxsterity‘ to be done with this crisis; the data, as it so often does, says the exact opposite. European …
Dr. Jack Rasmus gives a bigger picture of the condition of the US jobs market, looking beyond just the U-3 official unemployment rate. Properly calculated, more than 24 million are still jobless in the US, not the official 11.7 million and the true unemployment rate still hovers around the near-depression …
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My take on the unemployment figures (lies), the Dow new all-time highs (misrepresentation), earnings forecasts (absurdly optimistic). Personal income dives dramatically in January. Eric Holder’s admission that bank executives are above the law (a turning-point). Elizabeth Warren questions officials about why there are no prosecutions. Rand Paul filibusters over official …
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New veterans—those who left US military service recently—have higher unemployment rates than both older veterans and civilians, according to a new research paper from the Chicago Fed. Even taking into account the age and education level of new veterans, “neither demographics nor simply being a new veteran by themselves can account …
Dr. Jack Rasmus offers an analysis of the current state of the US economy contrary to the hype of recent official and pro-business commentary. A closer look at the US economy at year end 2012 and projections for the next several months is the topic of discussion. Why did US …
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Updates on declining higher ed in US, rising unemployment for all education levels, big money in politics. Discussions of (1) last week’s falling US GDP, rising unemployment and stock market peak, and (2) tragic scandals of profit-driven medical corporations. Replies to listeners on worker coops, whether Marx endorsed violence and worshipped government, …
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Economists don’t have a clue about why employment opportunities are so few-and-far-between. An explanation follows. The President of Iceland talks about why it is essential to let failing businesses fail – even if they are banks. Banks are not holy churches. Nobody bothers to ascertain the true causes of the Great Depression. …
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World unemployment could hit record levels this year and continue rising until 2017, a United Nations agency reported Monday. In its annual Global Employment Trends report, the International Labour Organization (ILO) forecasts that jobless numbers around the world will rise by 5.1 million in 2013 to 202 million people, topping …