Jobless Claims Rise 28,000 For the Week
The Labor Department reported that the number of Americans filing initial claims for unemployment ticked up slightly, by 28,000, the larger weekly gain this year. Claims reached a seasonally adjusted...
View ArticleIkea To Raise Minimum Wage, Workers Average 17 Percent Increase
Perhaps this is the way it should be done to begin with. With many minimum wage workers and government leaders in Washington in America demanding a higher minimum wage Swedish furniture retailer Ikea...
View ArticleNorway Lowers Rate and Signals Easing Going Forward
The central bank of Norway has cut its benchmark rate of interest to a new record low while signaling it is prepared to ease its policy even further to stave off any recession in the biggest producer...
View ArticleCalifornia Wage Increase to $15 Per Hour Could Cost Jobs
A political deal that would increase the minimum wage in California to $15 per hour, which would lead the country, could help workers cope with the extremely high cost of living in the state but also...
View ArticleDrop in Jobless Claims in U.S. Point to Strength in Labor Market
The number of people in the U.S. filing for benefits from unemployment fell last week unexpectedly. Initial claims for benefits of state unemployment dropped by 4,000 to just over 264,000 for the week...
View ArticleRio Receives Last Minute Bailout from Brazilian Government
Rio de Janeiro the iconic state in Brazil is getting a huge, last minute bailout only seven weeks prior to the start of the 2016 Olympic Games. The federal government in Brazil approved a bailout for...
View ArticlePuerto Rico in Historic Financial Default
Puerto Rico has just done something that has not happened in 83 years. The Caribbean island, which is deeply in debt, defaulted late Friday on debt supposed to be guaranteed by the commonwealth’s...
View ArticleU.S. Adds 287,000 New Jobs during June
With the national conventions for the Democrats and Republicans just a few weeks away, on Friday the government released its latest jobs report. The report said that employers added over 287,000 new...
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Healthcare Costs Continue Pushing Americans Toward Poverty
On Tuesday, there was ample good news from the Census Bureau. That good news included an increase of 5.2% in household income, a drop of 1.2% in the amount of people under the poverty line and a...
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