Tag Archives: Economic Recovery

US unemployment rate has been continuously falling down as per authorities. From 8.9% this feb, it has gone down to 8.8% last month that is March 2011. However, it is unfortunate to report that most job seekers have been pushed to elect the low paying jobs for their livelihood. According to the US Department of Labor, Employers created 216,000 jobs ... Read More »

The US economy grew at a faster pace than initially thought, figures show. The economy grew at an annualised rate of 2.5% in the July-to-September period, up from an earlier estimate of 2%, the Commerce Department said. Earlier this month, the US Federal Reserve said it would pump $600bn (£373bn) into the economy to try to boost the economic recovery. ... Read More »

Progress in pulling the American economy out of recession has been “painfully slow”, US President Barack Obama has said. “The hole the recession left was huge and progress has been painfully slow,” he told a White House news conference. Mr Obama has made three speeches on the economy this week, as it looms as the major issue for the US ... Read More »