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Gallup: U.S. Economic Confidence Inching Up

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Gallup: U.S. Economic Confidence Inching Up

Gallup’s Economic Confidence Index averaged -15 for the week ending April 6, continuing to show slight improvement from the -20 recorded in early March. Source: Gallup Economy

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Workers’ Co-operatives: Challenges, Opportunities For Creating Jobs

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Workers’ Co-operatives: Challenges, Opportunities For Creating Jobs

GENEVA – The economic contribution of co-operatives is often undervalued, if not completely ignored. But the reality is that the top 300 co-operatives workers’ worldwide have a turnover of more than US$ 1.9 trillion combined, which is more than the GDP of Italy. In Quebec, co-operatives are responding to the needs of the labor market […]

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Fewer Americans Feeling Frugal, But No Sign Of Spending Splurge

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Fewer Americans Feeling Frugal, But No Sign Of Spending Splurge

By ANDREW DUGAN, Gallup— Nearly four years after the end of the Great Recession, fewer Americans are watching what they spend. The percentage of Americans who say they are “spending less money” has fallen to 41%, down from a high of 57% in 2010. Meanwhile, 26% of Americans say they are spending more money than […]

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Unemployment: First Time Jobless Claims Soar To 360,000

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Unemployment: First Time Jobless Claims Soar To 360,000

By METEOR BLADES, Daily Kos Labor— First-time claims for unemployment benefits took an unexpected leap for the week ending May 11, rising to a seasonally adjusted 360,000, the Department of Labor reported. That’s 32,000 above the previous week’s revised figure of 328,000, originally reported as 323,000. It was the biggest climb since the aftermath of Hurricane […]

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U.S. Economy: Spring Sequester Swoon Could Extend into Summer

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U.S. Economy: Spring Sequester Swoon Could Extend into Summer

After a surprising decline of 0.5% in March, little recovery in retail buying in April reflects a lack of growth in spending power, a delayed impact of the higher payroll tax rate, and continued concern about the negative impact of the sequester. The combined fiscal drag from the increased payroll tax rate and sequester spending […]

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Global Youth Employment Gains Wiped Out By Slow Economic Recovery

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Global Youth Employment Gains Wiped Out By Slow Economic Recovery

ILO News– Despite some regional differences, the global youth unemployment rate continues to rise and is projected to reach 12.8% by 2018 – wiping out the gains made at the start of the economic recovery, according to the ILO’s Global Employment Trends for Youth 2013 report. Behind this worsening figure is an even more worrying picture, revealing […]

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EPI Analysis: Time To Raise The U.S. Minimum Wage

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EPI Analysis: Time To Raise The U.S. Minimum Wage

Economic Policy Institute Analysis: Time To Raise The U.S. Minimum Wage Analyzing the recent federal minimum wage proposals: $10.10, $9.00, and $9.80– Raising the minimum wage to $10.10 would give working families and the economy a much-needed boost An in-depth analysis of the impact raising the federal minimum to $10.10 would have, detailing the demographic breakdown of […]

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The Conference Board Leading Economic Index For Euro Area Declines

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The Conference Board Leading Economic Index For Euro Area Declines

Euro Area economy remains very weak and recovery in the coming months continues to be unlikely,  according to The Conference Board Leading Economic Index for the Euro area. The Conference Board Leading Economic Index (LEI) for the Euro Area decreased 0.4% in March and now stands at 105.8 (2004=100), after increasing 0.1% in February and increasing 1.4% […]

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Economic Crisis Shockwaves Reverberate In European Public Sector

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Economic Crisis Shockwaves Reverberate In European Public Sector

Although there have been diverse responses to the economic crisis in Europe, the immediate pressure to make savings and reduce public spending have led most governments to make cuts to expenditure, jobs and wages – often hastily. The wages of public sector employees have been cut in a variety of ways: Several countries have implemented […]

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U.S. Economic Confidence Inches Up

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U.S. Economic Confidence Inches Up

The Gallup U.S. Economic Confidence Index was -14 last week, compared with -17 the week prior, and still below the five-year high of -8 from early February. Americans’ assessments of current conditions and future outlook each improved. The Economic Confidence Index reached -12 — the highest score since the five-year high — in the last […]

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