9.7 percent. That’s where the unemployment rate stood after the Department of Labor’s latest release — the highest level the country had seen in 26 years, since the early days of the Reagan administration. A Rate Not Seen Since 1983 The August jobs report, released the first Friday of September, showed the economy still losing…
247,000. That’s how many jobs the U.S. economy shed in July — a brutal number by any ordinary measure, and yet the smallest monthly job loss the country had recorded in a full year. The unemployment rate, meanwhile, ticked down slightly to 9.4 percent. Both figures beat what economists had been bracing for, and both…
The nation’s unemployment rate edged higher in November, the Labor Department reported this week, with the official jobless rate climbing to 9.8 percent and a broader measure that captures the full scope of the labor market’s weakness holding steady at 17 percent. A Report That Caught Economists Off Guard The Bureau of Labor Statistics reported…
Zimbabwean police fired tear gas and deployed batons against demonstrators gathered outside the finance ministry this week, the latest in an escalating series of crackdowns on protests over President Robert Mugabe’s handling of a deepening economic crisis. A Fight Over Bond Notes Hundreds of activists converged outside the office of Zimbabwe’s finance minister, demanding the…
Zimbabwe ground to a near-standstill this week as citizens answered a call from a previously little-known Baptist pastor to stay home from work en masse — the country’s largest act of public defiance against President Robert Mugabe’s government in nearly a decade, driven by an economic crisis that has left the country short on cash…
After more than five years of closed-door negotiations, the public finally has access to the full text of the Trans-Pacific Partnership. The Obama administration released the complete 30-chapter agreement this week, roughly a month after negotiators from the twelve participating countries announced they had reached a final deal in Atlanta on October 5. The TPP…