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Wages Down, Consumers Spend Less, Growth Slows

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Wages Down, Consumers Spend Less, Growth Slows

From Bloomberg News: Take-home pay and wages, adjusted for prices, fell 0.3 percent in August, the third decrease in five months, and personal income dropped for the first time in two years, the Commerce Department reported last week. The declines followed news from the Census Bureau that median household income in 2010 fell to $49,445, the lowest […]

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Manufacturing Activity Up in Sept., 26th Consecutive Month

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Manufacturing Activity Up in Sept., 26th Consecutive Month

The economy is showing clear signs that it is improving with manufacturing activity rising for the 26th consecutive month. Unfortunately it is improving very slowly as the 03 Oct 2011,  Institute for Supply Management Report On Business report indicates. From the Institute for Supply Management: Economic activity in the manufacturing sector expanded in September for the 26th […]

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English City to Outsource Some Law Enforcement Jobs

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English City to Outsource Some Law Enforcement Jobs

Like many cities in North America, communities in the United Kingdom are struggling to provide public services despite harsh budget cuts. One city in central England is planning to outsource many back office police functions in a bid to save money. From the Express & Star: The West Midlands Police Authority has agreed to enter […]

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Saudi Minister Seeks “Saudization” of Jobs Amid Unemployment

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Saudi Minister Seeks “Saudization” of Jobs Amid Unemployment

Saudi Arabia’s Labor Minister is seeking the “Saudization” of the kingdom’s private sector amid rising unemployment and unease following uprisings in other Arab nations. Saudi Arabia’s unemployment rate was 10.8%  in July. The country will begin to pay unemployment benefits for the first time from November,  Saudi Labor Minister Adel Fakieh, told Bloomberg News. In 2012 the […]

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Engineers Salaries Up Despite Weak Economy

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Engineers Salaries Up Despite Weak Economy

Salaries for engineers are rising, despite the weak economy and a higher-than-normal of unemployment rate for this occupation, according to the IEEE-USA, a unit of the Institute of Electrical and Electronics Engineers. For all engineers, median income, including salary, commissions, bonuses and net self-employment income, increased from $113,500 in 2009 to $118,000 in 2010, or […]

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Online Job Listings Declined in August, 3.5 Seekers for Every Job

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Online Job Listings Declined in August, 3.5 Seekers for Every Job

The number of online advertised job listings were down 43,500 in September to 3.94 million, according to The Conference Board Help Wanted OnLine Data Series, released today, 28 Sept. 2011. The September drop follows a decline of 164,000 in August and a decrease of 217,000 in July. The Supply/Demand rate stands at 3.50, indicating there were 3.5 unemployed […]

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Google Millionaire Asks Obama “Will you please raise my taxes?”

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Google Millionaire Asks Obama “Will you please raise my taxes?”

President Barack Obama on Monday, 26 Sept. 2011, was pitching his job-creation at at the Computer History Museum in Mountain View, Calif., in the heart of Silicon Valley when he received an unusual request from a Google millionaire. At a town-hall meeting conducted with social-media firm LinkedIn that was dubbed “Putting America Back to Work,” […]

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America’s Sputtering Economy by the Numbers

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America’s Sputtering Economy by the Numbers

By Braden Goyette ProPublica America’s Sputtering Economy, by the Numbers. With increasing signs that the economy is laboring [2], most economists agree that a short-term infusion of spending, or an extension of this year’s temporary cut in Social Security taxes, could help fend off a new downturn. But whatever one thinks of the debt deal […]

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Economy Still in a Recession 75% of U.S. Says

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Economy Still in a Recession 75% of U.S. Says

Although it officially ended in 2009, 75% of the U.S. population says the economy is still in a recession and 60% don’t think the economy will improve soon, according to a recent Gallup poll. American’s are the least optimistic about the future than they have been in 20 years, according to Gallup. In 1991-1992, About 80% […]

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Half of Americans Report Job-Related Hardships

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Half of Americans Report Job-Related Hardships

New research reports what you probably already know: recession job-related hardship. We all know it’s rough out there on the job, but the experts at the respected Pew Research Center have delivered new numbers on what they’re calling the Great Recession – great not because we love it so much, but because it’s been longer […]

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