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Trends Still Murky But Positive U.S. Jobs Numbers Drive Dow To 5-Year High

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Trends Still Murky But Positive U.S. Jobs Numbers Drive Dow To 5-Year High

Good news on the U.S. jobs market led to a rally for the Dow Jones Industrial Average. The U.S. unemployment rate in September fell from 8.1% to 7.8%, the lowest since January 2009. More Americans found part-time work, helping to account for the decline, the U.S. Bureau of Labor Statistics Labor announced Friday, 5 October […]

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Irish Workers Emigrate In Record Numbers Keeping Ireland’s Unemployment Down

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Irish Workers Emigrate In Record Numbers Keeping Ireland’s Unemployment Down

Irish workers are on the move again. This time it’s a 21st century wave of Irish immigration that’s taking away Ireland’s most skilled workers. More than 100,000 Irish workers are expected to leave to find jobs before end of 2013. Ireland’s unemployment rate was 14.7% as of August 2012. For many Irish workers the only […]

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Record One-in-Five Households Has Student Loan Debt, Burden Greatest On Young, Poor

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Record One-in-Five Households Has Student Loan Debt, Burden Greatest On Young, Poor

By Richard Fry, Pew Research Center— Nearly one out of five (19%) of U.S. households owed student loan debt in 2010. That’s more than double the share two decades earlier and a significant rise from the 15% that owed such debt in 2007, just prior to the start of the Great Recession, according to a […]

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Global Gloom About The World Economy, China, India & Emerging Markets Optimistic

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Global Gloom About The World Economy, China, India & Emerging Markets Optimistic

Pew Research Center report- The economic mood is exceedingly glum all around the world. A median of just 27% think their national economy is doing well, according to a survey in 21 countries by the Pew Research Center’s Global Attitudes Project. Only in China (83%), Germany (73%), Brazil (65%) and Turkey (57%) do most people […]

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Study Finds 99% Of American Workers Get Decade Of Pain, Top 1% Net All The Income Gain

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Study Finds 99% Of American Workers Get Decade Of Pain, Top 1% Net All The Income Gain

How well is the American economy providing acceptable growth in living standards  and income for most households? Economic Policy Institute’s The State of Working America, 12th Edition looks broadly at available data and concludes that the answer is simply “not well at all.” This is not because the economy has failed to grow, on average. […]

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A Temporary Trap? Full Time Work Elusive For Young Workers

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A Temporary Trap? Full Time Work Elusive For Young Workers

ILO News– Temporary work can be a great way for young people to gain work experience while still studying or travelling. But, as the youth jobs crisis shows no signs of abating, temporary jobs have become, in many cases, an option of last resort. The use of temporary contracts for young workers has nearly doubled […]

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Working in America: Having A Secure Job Is A Path To The Middle Class

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Working in America: Having A Secure Job Is A Path To The Middle Class

By Wendy Wang, Pew Research Center–Americans believe that having a secure job is by far the most important requirement for being in the middle class, easily trumping homeownership and a college education, according to a new nationwide Pew Research Center survey of 2,508 adults. Nearly nine-in-ten adults (86%) say a person needs a secure job […]

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Long-Term Unemployment — Lost Income, Lost Friends, Loss of Self-respect

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Long-Term Unemployment — Lost Income, Lost Friends, Loss of Self-respect

By RICH MORIN and RAKESH KOCHHAR, Pew Research Center– Long-term unemployment takes a much deeper toll than short-term unemployment on a person’s finances, emotional well-being and career prospects, according to a new Pew Research Center survey that explores the attitudes and experiences of workers who have lost jobs during the Great Recession. Of those who have experienced […]

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Daisy Pushers: Top 10 Dying U.S. Industries

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Daisy Pushers: Top 10 Dying U.S. Industries

Some industries simply aren’t participating in the recovery, says a recent report by IBISWorld, Los Angeles-based publisher and analyst of financial information. “In fact, some are pushing up daisies,” according to the report by Caitlin Moldvay and Douglas Kelly of IBISWorld. IBISWorld defines a dying industry as one in a declining life cycle, with both […]

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Young Adults Optimistic, Underemployed Face Bad Economy

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Young Adults Optimistic, Underemployed Face Bad Economy

A plurality of the American public believes that young adults are having the toughest time of any age group in today’s economy—and a lopsided majority says it’s more difficult for today’s young adults than it was for their parents’ generation to pay for college, find a job, buy a home or save for the future. […]

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