UNEMPLOYMENT

Weak labour market holding back recovery - ILO

A faltering and uneven increase in jobs is holding back the overall economic recovery and unemployment is likely to continue at near record levels this year, the International Labour Organisation said on Tuesday.

IMF projects India to grow at 8.4 pct in 2011

International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn (R) and Governor of People's Bank of China Zhou Xiaochuan seen in this file photo.
The International Monetary Fund (IMF) said it expects India to grow at 8.4 percent in 2011 and fall to 8 percent, unchanged from its prior estimate as the two-speed global recovery will continue.

Global recovery not translating into jobs: ILO

Global economic recovery is not resulting in job creation, as the number of the unemployed people worldwide stood at a record 205 million last year, the International Labour Organization (ILO) warned on Monday.
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Hu's U.S. visit sets new tone but tensions remain

Chinese President Hu Jintao headed home on Friday after a U.S. visit both sides declared a success, but which left questions over how the world's top two economic powers will manage future frictions.

Recession 'not over' on Main Street amid job losses, fear

Job losses and fear about what lies ahead persists on Main Street America, despite official pronouncements that the 'Great Recession' ended over a year ago, the head of a U.S. mayors group said this week. The group was in Washington to lobby President Obama and federal officials for billions of dollars in grants and investments.

Union membership plunging in the U.S.

According to The Bureau of Labor Statistics, the percentage of unionized American workers dropped to 11.9 percent from 12.3 percent, with the loss of 612,000 members in 2010. In 2008, unions lost 771,000 workers.

NYC unemployment rate eases to 8.9 pct in December

New York City's unemployment rate fell two-tenths of a percentage point to 8.9 percent in December from November, but the tourism-related sector hired fewer workers than expected, labor experts said on Thursday.
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Debate on jobless rate may shape Fed policy

The U.S. Federal Reserve's latest $600 billion bond-buying program is built on the idea that most of the stubbornly high unemployment rate is reversible, if only borrowing costs are pushed low enough.

Mexico Dec unemployment rate falls to 4.94 pct

Mexico's unemployment rate fell more than expected in December, dropping to 4.94 percent in a sign that an economic recovery is gaining traction, data from the national statistics agency showed on Friday.

New York Jets Hoping For Win, Financial Boost

A New York Jets win this Sunday not only would propel the team to its first Super Bowl appearance since 1969, but could also give the team a boost in revenue while it makes payments on $650-million in debt.
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Protests as Tunisia mourns victims of unrest

Anti-government protesters took to the streets on Friday as Tunisia began three days of mourning for the dozens of people killed during the overthrow of president Zine al-Abidine Ben Ali.
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Tunisia protests hit economy: IMF spokesman

Economic activity in Tunisia has been hit by recent political turmoil but it is hard to know exactly by how much without a proper assessment, an IMF spokesman said on Thursday.

China's Hu rapped by Congress, assures U.S. in speech

Chinese President Hu Jintao got an earful of U.S. lawmakers criticism on North Korea and human rights on Thursday, but tried to assure the United States that China's military and trade policies were not a threat.

Obama pushes Hu on China's currency and rights

President Barack Obama urged Chinese President Hu Jintao to let the value of China's yuan currency rise and delivered a strong message on U.S. concerns over Beijing's human rights record at a summit on Wednesday.

Police fire shots to disperse new Tunis protest

Tunisian police fired shots into the air on Thursday to try to disperse hundreds of protesters demanding that ministers associated with the rule of ousted president Zine al-Abidine Ben Ali leave the government.

Employment to edge up in U.S. cities in 2011: study

Payrolls will grow in almost all U.S. metropolitan areas this year, but the gains will be slight, according to a forecast from IHS Global Insight, Inc. released by the U.S. Conference of Mayors on Wednesday.

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