Tag Archives: Unemployment

The unemployment rate is still to high for comfort but still it has come down to 7.8 percent and the ghastly economy manged to add 114,000 jobs in the last quarter. This is the first time in four years that the unemployment rate has gone below 8 percent. The Labor Department reported Friday that the unemployment rate fell to 7.8 ... Read More »

Unemployment woes continues in the U.S as new reports reveal that the unemployment rates have rose in more than half of the States last month. This reveals that the hiring is not really shinning,extremely poor job market and shrinking job sector continues to add trouble to the unemployment rates. The Labor Department said Friday that rates increased in 26 states. ... Read More »

College students, take note: There are at least six fields of study whose graduates are virtually 100 percent employed right now. That’s right–certain majors, such as pharmacology, produce graduates who face a zero percent unemployment rate. That’s not bad considering last month’s joblessness rate for people with a college degree or higher was 4.4 percent. The Wall Street Journal created ... Read More »

The unemployment rate in the Europe has reached a record high percentage of 10.9. In times like this we really have to wonder, what are our ‘leaders’ doing? Why did they let this happen? From the looks of it, all efforts to recover the economy seems futile. While the world at large seems to be doing good, Eurozone has continued ... Read More »

The Army has canceled Ted Nugent’s performance who was scheduled to perform at an Army base in Kentucky. Ted Nugent is in trouble ? Ted couldn’t just control his mouth and recently blabbered that he would be “Dead or in jail” if President Barack Obama was re-elected. Like all bad comments, especially bad comments against the President caught the attention ... Read More »

In a surprise and unexpected move the US Department of Commerce has cut its expected 4th-quarter growth from 3.2% to 2.8%. While the government is expecting a lower growth, analysts were having a different opinion. They estimated the growth to be 3.3%. Economic growth for the whole of 2010 was also revised down slightly, from 2.9% to 2.8%. As well ... Read More »

Bank of America has reported a second straight quarterly loss, driven by a $2bn (£1.25bn) writedown of its mortgage business. The bank announced a net loss of $1.2bn in the last three months of 2010, compared with a $5.2bn loss a year ago. However, last year’s results included a $4bn charge related to the government’s Troubled Asset Relief Program (Tarp). ... Read More »