Black Gold Loses Glitter By Peter SchiffThe stunning 40% drop in the price of oil over the past few months has scrambled global economic forecasts, changed the geo-political landscape, and has severely pressured many energy sector investments. Economists are scratching their heads to determine if the drop is good or bad for the economy or whether cheap oil will add to or decrease unemployment, or complicate the global effort to "defeat" deflation. While all of these issues merit (economicpolicyjournal.com - 2014-12-16 03:56:11)
Unemployment is expected to reach a near 13-year high in the next six months as sliding commodity prices hammer away at Australia's economic outlook, the federal government's budget update shows.The jobless rate is now expected to peak at 6.5 per cent in 2014/15, its highest level since June 2002, according to the government's mid-year economic and fiscal outlook (MYEFO) on Monday.It's expected to remain elevated through 2015/16 before gradually declining in the following two financial (yahoo.com - 2014-12-15 04:31:31)
Business Breaking News Business National Unemployment is expected to reach a near 13-year high in the next six months as sliding commodity prices hammer away at Australia's economic outlook, the federal government's budget update shows. The jobless rate is now expected to peak at 6.5 per cent in 2014/15, its highest level since June 2002, according to the government's mid-year economic and fiscal outlook (MYEFO) on Monday. It's expected to remain elevated through 2015/16 before (theage.com.au - 2014-12-15 04:31:13)
Australia's seasonally adjusted unemployment rate increased by less than 0.1 percentage points to 6.3 per cent in November 2014, according to this report. SummaryAustralia's seasonally adjusted unemployment rate increased by less than 0.1 percentage points to 6.3 per cent in November 2014, as announced by the Australian Bureau of Statistics (ABS) today. The seasonally adjusted labour force participation rate increased 0.1 percentage points to 64.7 per cent in November 2014. The ABS (apo.org.au - 2014-12-15 04:30:59)
ROME Sun Dec 14, 2014 12:01pm EST ROME (Reuters) - Italian prime minister Matteo Renzi called on his ruling party on Sunday to unite behind measures he has pledged to breathe life into the euro zone's third-biggest economy after years in or near recession. Renzi has staked much of his political credibility on a swathe of reforms to tackle Italy's record-high unemployment, snail-paced justice system and unwieldy institutions, but faces opposition from within his own Democratic (reuters.com - 2014-12-14 17:52:41)
After surviving a recession marked by mergers and closures, Minnesota's nonprofit leaders were all about collaboration in 2014. They joined forces to work on get-out-the-vote drives, immigration reform and joint funding applications, among other efforts. With unemployment figures dropping but food shelf use steady, many charitable agencies reported a marked increase in requests for emergency assistance from the working poor. Corporations and private donors continued to give generously (twincities.com - 2014-12-14 06:11:26)
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SPRINGFIELD — Republican Gov.-elect Bruce Rauner on Friday said he wanted some insiders like Democrat Bill Daley on his transition team to help...
By Eric M. Johnson Fri Nov 7, 2014 5:55pm EST n">(Reuters) - (Please note strong language in final paragraph) A former Alaska broadcast news...
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