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Detnews:Using A Broader Term Of Unemployment, Nearly 50% Of Detroit's Workers Are Unemployed
12 hours ago ago from The Centrist
The Centrist is reading where the unofficial unemployment rate for Detroit is close to 50%. Michigone has litterally become a real life version of The Road' . What will the tragedy of Detroit look like after the stimulus dollars run out? Via Detnews.com December 16, 2009 Despite an official unemployment rate of 27 percent, the real jobs problem in Detroit may be affecting half of the working-age population, ...
Related contentCzech Bankers to Keep Rate Steady, Weighing Inflation (Update2)
18 hours ago ago from All About Work & Financial
Czech central bank policy makers, who were split in their last two meetings over whether to cut the main interest rate, may leave borrowing costs on hold again today to assess inflation risks posed by the economic recovery. The benchmark two-week repurchase rate will stay at a record-low 1.25 percent, according to 16 of 21 economists in a Bloomberg survey. Five expect a quarter-point reduction. A decision from the meeting in Prague is ...
Related content‘BUILDING AN INFLATION HEDGE,’ from Reuters via fidelity.com. LINE THEE DUCKS UP NOW!!!
19 hours ago ago from Want Less Blog
To many economists, inflation will be the unavoidable result of federal deficits and the economic recovery. They posit that the Federal Reserve will have no choice but to pay off the $12-trillion the Federal government already owes and the additional $6-trillion it's expected to borrow over the next five years. It will do that by pumping more and more money into the economy by creating the cash it needs to buy more and more Treasury ...
Related contentNo Title
15 hours ago ago from SH Commercial Real Estate/Special Use Properti
Inflation continues to run a little hotter than expected given a 10 percent unemployment rate. The CPI rose 0.4 percent in November and the core CPI was unchanged. The CPI is now up 1.8 percent, year over year. [Wells Fargo Securities Economics Group]
Related contentDetroit's Unemployment at 45%
23 hours ago ago from CF Economics
via DetroitNews Nearly half of Detroit's workers are unemployed Analysis shows reported jobless rate understates extent of problem Mike Wilkinson / The Detroit News Despite an official unemployment rate of 27 percent, the real jobs problem in Detroit may be affecting half of the working-age population, thousands of whom either can't find a job or are working fewer hours than they want. Using a broader definition of unemployment, as ...
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Fed keeps key rate low amid sluggish economy
13 hours ago ago from Media General - TBO.com
WASHINGTON - The Federal Reserve pledged today to hold interest rates at a record low to drive down double-digit unemployment and sustain the economic recovery. The Fed noted that the economy is growing, however slowly. And turning more upbeat, it pointed to a slowing pace of layoffs. Still, Fed Chairman Ben Bernanke and his colleagues gave no signal that they're considering raising rates anytime soon. They noted that consumer spending ...
Related contentBBC News - US interest rates remain on hold
13 hours ago ago from BBC
Low inflation gives the Fed the chance to keep rates low The Federal Reserve has decided to keep US interest rates on hold at between 0% and 0.25%, as had been widely expected. Despite continuing signs that the US economy is recovering, the central bank reiterated that rates would stay at the low level for an extended period . The Fed's hand was strengthened by official data showing earlier on Wednesday that US inflation ...
Related contentFed Will Hold Down Rates, Citing Tenuous Recovery
6 hours ago ago from The New York Times
WASHINGTON The Federal Reserve said on Wednesday that it was still wary of raising interest rates because it believed the economy remained fragile but took steps to wind down emergency lending programs. Richard Drew/Associated Press Sal Spaltro, right, and Stephen Foley after news that the Fed would keep rates flat because it considered the economy fragile. Related Text of the Federal Reserves Statement (December 17, ...
Related contentFederal Reserve again leaves interest rates unchanged - FOXBusiness.com
11 hours ago ago from FOX Business
Existing users please login User Name: Password: Remember me on this computer Home / Personal Finance Wednesday, December 16, 2009 Federal Reserve again leaves interest rates unchanged  By Jeremy M. Simon CreditCards.com  The Federal Reserve left ...
Related contentHousing Starts Rebound; Energy Pushes CPI Up : NPR
19 hours ago ago from NPR
Search hear continuous streams 24-Hour Program Stream NPR News and Shows hear the latest news [4 min 45 sec] Latest NPR Newscast Housing Starts Rebound; Energy Pushes CPI Up by The Associated Press text size A A A December 16, 2009 Construction of new homes, helped by better ...
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