April 25, 2013 |
TACARIGUA, Venezuela - The razor-close vote to replace late Venezuelan President Hugo Chavez has sparked what opposition leaders and human-rights groups say is a government crackdown on public employees who either didn't back Chavez's handpicked successor or failed to show sufficient support for the ruling party. The April 14 election had revealed a major shift in public support away from the Chavez program as problems such as food shortages, soaring inflation and crime, as well as the absence of the late leader's famous charm, led hundreds of thousands of Venezuelans to back the opposition for the first time since Chavez took power 14 years ago. It was an ominous start for successor Nicolas Maduro's government, which is struggling to write the second chapter of the country's socialist transformation amid deepening economic problems and widening divisions in a bureaucracy and public that once solidly backed Chavez.
March 11, 2013 |
Wall Street liked what it heard from Washington, as the stock market responded positively to an upbeat jobs report Friday from the U.S. Labor Department. February's unemployment rate edged down to 7.7 percent from 7.9 percent, while payroll jobs grew by 236,000, with broad hiring in nearly every sector. The report sent the Dow Jones industrial average up 67 points, and the S&P gained nearly seven points. "The number was up more than expected," said PNC Financial Services chief economist Kurt Rankin.
March 9, 2013 |
The nation's payrolls added 236,000 jobs in February, and the unemployment rate dropped to 7.7 percent, down from 7.9 percent, the U.S. Labor Department reported Friday morning. Stocks rose as the news was released. Except for 10,000 government jobs lost, there was hiring in nearly every broad industry sector, including manufacturing, construction, retail, business and professional services and health. Education, typically a job generator, saw a decline, both in the private and public sectors.
January 24, 2013 |
WASHINGTON - Union membership plummeted last year to the lowest level since the 1930s as cash-strapped state and local governments shed workers and unions had difficulty organizing new members in the private sector despite signs of an improving economy. Government figures released Wednesday showed union membership declined from 11.8 percent to 11.3 percent of the workforce, another blow to a labor movement already stretched thin by battles in Wisconsin, Indiana, Michigan, and other states to curb bargaining rights and weaken union clout.
December 26, 2012
IN HIS STORY ON unemployment in Pennsylvania ( Daily News , Dec. 21), Will Bunch reveals a fundamental lack of understanding when it comes to free-market economies. Recovering from a recession is best accomplished by growing private-sector employment - something the Corbett administration has done to the tune of 109,000 new jobs. These are the jobs that spur economic recovery, support other sectors through spending and investment and provide revenue for government services. Government jobs, on the other hand, consume public dollars, and the taxes public employees pay return only a fraction of money to the same treasury from which their salaries came.
December 9, 2012 |
The bell kept ringing at the Be a Hero, Hire a Hero job fair for veterans at the National Constitution Center on Friday - each ring signaling a tentative job offer or a second interview. Maybe it's a reflection of Friday's news from the U.S. Labor Department that the nation's payrolls expanded by 146,000 jobs in November or that the unemployment rate dropped to an unanticipated low of 7.7 percent - a five-year low. Or maybe it's just another confusing signal in a confusing job market.
September 28, 2012 |
WASHINGTON - The nation probably created 20 percent more jobs in the economy's third year of recovery than previously estimated, with businesses hiring nearly half a million more workers than earlier thought. In its latest employment revision, the Bureau of Labor Statistics said Thursday that the economy added 386,000 more jobs than its earlier estimate, bringing total hiring from April 2011 through March 2012 to 2.3 million. The private sector added more than 453,000 jobs, the report said.
September 21, 2012
By Tobias Peter Is this really the United States of America? Maybe we should forget the United - unless it means united in polarization, partisanship, and plotting. Washington today is like a battleship that doesn't move anymore because all the crew does is fight about who gets to steer. The surest way to overcome this gridlock would be to sink the battleship that is the two-party system and adopt proportional representation. Americans can choose from an innumerable range of different coffee drinks.
August 5, 2012 |
A fairly upbeat U.S. employment report released Friday showed 163,000 new jobs added in July, despite the overall unemployment level ticking up to 8.3 percent. One thing is certain: The latest report from the U.S. Department of Labor provided fresh fodder for the political debate about the economy. President Obama's administration and Republican challenger Mitt Romney had widely divergent reactions. Although payrolls were up 163,000, the largest increase since February, the unemployment rate increased to 8.3 percent from 8.2 percent, the Labor Department said.