Greek Unemployment Soars To New Record, 56.6% Of 15-24 Year Olds Without Job

Judging by ongoing momentum moves in various European stock and bond market indicators, one could be left with the impression that something in the continent is actually improving. And while hope of improvement is certainly be high, the reality is vastly different as confirmed by the just released Greek unemployment data, which saw the broad […]

On Revolution, Food Prices and Youth Unemployment or Why the GDP Scam Is About To Explode

According to the official figures the global economy is growing and all is hunky dory. England’s economy is healing and China is racing ahead and while Ben “helicopter” Bernanke is a tad worried about deflation there is nothing that another bit if Quantitative Easing won’t fix. And while most Kiwi’s will continue to live in […]

Over 300,000 Kiwis on benefits

The number of New Zealanders receiving a benefit has risen to 302,000 – the highest level since 2005. There was “no escaping” the effects of the recession on the economy, Social Development and Employment Minister Paula Bennett told Parliament’s social services select committee this morning. As unemployment soared the number of people receiving the dole […]

Low unemployment rate hides rise in long-term jobless

WASHINGTON — Bill Clinton’s campaign famously defined the 1992 election with the phrase, “It’s the economy, stupid.” Today, “It’s the jobs, stupid.” The latest employment figures, released in late January, showed a 52-month streak of job creation ending with a loss of 17,000 jobs in January. The Bush administration acknowledged the contraction, but pointed to […]