Keyword: joblessness
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A Pennsylvania man who was distraught about the coronavirus pandemic and losing his job told his girlfriend, “I already talked to God and I have to do this” — then shot her in the back as she fled and killed himself, according to a report.
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Officials are working to determine how long Robert Card had been deceased The Maine Army Reservist who slaughtered 18 of his neighbors and wounded 13 others in a mass shooting Wednesday night has been found dead Friday — more than 48 hours after he inflicted carnage in Lewiston and sparked a massive manhunt in the peaceful New England state. Robert Card II is believed to have died of a self-inflicted gunshot wound, authorities announced at a press conference Friday night. Officials did not provide many details on the circumstances that led to the discovery of his body in the nearby...
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The chance of an economic "soft landing" has faded, and the Fed is pushing for a "growth recession." The phrase describes a period of below-average growth, rising unemployment, and slowing inflation. The Fed chair said that while it'd "bring some pain," letting inflation stay high would be worse. In an ideal world, the Federal Reserve has already vanquished pandemic-era inflation while keeping unemployment at historic lows and avoiding a recession. Hopes for such an outcome are all but entirely dashed, and the Fed has switched to plan B. The central bank's message at its annual conference in Jackson Hole, Wyoming,...
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.....OMB later cited internal data to the Washington Examiner that said the top 20 percent of people to pay income taxes account for 94.8 percent of those taxes in 2016. That appears to be a jump from just a few years ago. In 2015, the Wall Street Journal reported that the top 20 percent of income earners paid 84 percent of income taxes.
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Ryan Kelly Chamberlain II, the subject of a nationwide manhunt after explosive materials were allegedly found in his San Francisco apartment, was taken into custody by the San Francisco Police Department and the FBI, an FBI spokesman said today. A law enforcement source briefed on the case told ABC News that Chamberlain was taken into custody "right under the Golden Gate Bridge," but he was not certain if he was in a car or on foot at the time. The capture came after a day of dramatic and cinematic cat-and-mouse with the hunted man. "We had been close to him...
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How does a jobless father of four keep his family warm and fed in Detroit during the harsh winter? By donating his plasma and collecting wood from the abundant amount abandoned homes around the bankrupt city.
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Last summer, North Carolina slashed the amount of cash it gave to people after they lost their jobs and the state also reduced the number of weeks they could receive benefits. Within several months, the unemployment rate fell a few ticks and by November it fell to a five-year low. Similar though less dramatic declines occurred in Georgia and South Carolina after they made benefits less generous starting in 2012.
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Jobless claims spike to 374,000 over 308,000 from last week. Numbers do not include furloughed government workers. [cnbc.com changes the headline to bury the data. Original article title: "Jobless claims rise to 374,000 vs. 311,000 estimate".]
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WASHINGTON (AP) — Four out of 5 U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream. Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor and loss of good-paying manufacturing jobs as reasons for the trend. The findings come as President Barack Obama tries to renew his administration's emphasis on the economy, saying in recent speeches that his highest priority is to "rebuild ladders of opportunity" and reverse...
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Twitter has reduced historical memory to minutes, but think back to what had the political class atwitter last week. Back then the air filled with worry on the left that Barack Obama was losing his juice after the gun-control setback, the sequester backfire and the Syrian red-line roll-up. The left can breathe easy. Conservatives this week, clearly over the funk of losing to him last November, have resumed their favorite political blood sport: Tearing each other apart. The conservative tribes are at it again over that most ancient of all grievances: immigration. Here's the rub: Just as this self-immolating civil...
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Full CNBC breaking news title: Jobless Claims Drop Less Than Expected, Down 3,000 to 382,000; Analysts Expected Claims to Drop to 373,000 (story developing)
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Unemployment was up in 44 States, down in two states, down in D.C, and unchanged in four others. There has been no improvement nationally this year. Bloomberg reports U.S. Joblessness Rise Broad-Based as 44 States Show Gain
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[Today] the Labor Department will release its April employment report. If the rate goes down, the administration will brag a bit, but they won't dwell on it. They know that the unemployment rate does not reflect the actual number of people who need work. Did you ever wonder how many of them are really out there? Let's put it in pre-recession, real numbers perspective. In July 2007, at the peak of the bling-years boom, there were 146.1 million people employed, 7.1 million unemployed, and 4.5 million working part-time "for economic reasons," which, added to the unemployed, gives the number for...
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Two weeks ago, we observed that the number of seasonally-adjusted initial unemployment insurance claims being filed each week was still following the same trend it has since 9 April 2011, but that it was becoming increasingly volatile, suggesting that the trend is beginning to break down: Today's number also underscores the increasing level of volatility in the data - when the current trend was establishing itself, it was characterized by relatively small changes in the number of new jobless claims being filed from week to week. Today new data marks the fourth time in the last six weeks in which...
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http://www.usatoday.com/money/economy/story/2012-01-26/unemployment-claims-durable-goods/52800550/1 USA today - link only
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The rich and corrupt elite that runs Mexico, regards the American people as the biggest suckers in the world. They are not the only ones. The whole world views America as a nation of stupid suckers. Americans are suffering with a 9 percent unemployment rate, yet, Mexico is grinning happily with a much lower unemployment of 4.8 percent. That is almost half of the American unemployment rate. You can view the Mexican unemployment rate statistics here: http://www.tradingeconomics.com/mexico/unemployment-rate In 2002, the Mexican unemployment rate was 2.22 percent, which is lower than that of Japan and Switzerland today. Mexico is a parasitic...
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Initial claims for state unemployment benefits fell 10,000 to a seasonally adjusted 390,000 in the week ended November 5, slightly below the 400,000 that analysts polled by Reuters had expected.
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WASHINGTON (AP) -- For more Americans, being out of work has become a semi-permanent condition. Nearly one-third of the unemployed - nearly 4.5 million people - have had no job for a year or more. That's a record high. Many are older workers who have found it especially hard to find jobs. And economists say their prospects won't brighten much even after the economy starts to strengthen and hiring picks up. Even if they can find a job, it will likely pay far less than their old ones did. The outlook is unlikely to improve on Friday, when the government...
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Economy: What's a six-letter word that describes what you get when you combine spiking jobless claims and rising inflation? Answer: M-I-S-E-R-Y. And as new reports show, Obama is dishing out heaping portions of it. The two reports out of the Labor Department are troubling enough on their own. Jobless claims hit 428,000 last week, up 11,000 from the week before, the highest level in months and, naturally, unexpected. And inflation in August was up 3.8% over last year, also higher than forecast. These reports also point to a more worrisome trend. With unemployment stuck at a stratospheric 9.1% — and...
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NEW YORK -(Dow Jones)- Private businesses added a modest number of jobs in August, according to a report released Wednesday. Private-sector jobs in the U.S. rose by 91,000 this month, ... had expected ADP would report an August gain of 100,000. The July data were revised down to show a rise of 109,000 versus 114,000 reported earlier. ...Economists surveyed by Dow Jones Newswires expect total nonfarm payrolls rose by only 80,000 slots in August. This month's number is expected to be held down by workers on strike at Verizon Communications Inc. (VZ) in mid-August and layoffs in the state and...
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