Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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Radio Free Wall Street
Posts Tagged ‘ Unemployment Rate ’
US Treasury Issues Cautiously Bullish Outlook For TBAC
WASHINGTON - The recovery continued to firm in the The recovery continued to firm in the final quarter of last year, and labor market conditions improved. According to the advance GDP report released last week, the economy grew by 2.8 percent at an annual rate in the fourth quarter, the tenth straight quarter of...
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I Was Wrong About Everything
I was wrong: doing more of the same has solved all our problems.
Time for a mea maxima culpa: I've been wrong about everything: the stock market, the economy, globalization, energy, everything. Heck, I've even been wrong about the American di...
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Downward Mobility is Crushing the American Dream
Forget about getting ahead. For many in the middle class these days it's more about not sliding backwards.
It's called downward mobility and it's crushing the American Dream.
According to a study conducted by the Pew Charitable Trusts, nearly one out of three U.S. citizens born into middle class...
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Roubini: Don’t Believe The Good News
NEW YORK – Macroeconomic indicators for the United States have been better than expected for the last few months. Job creation has picked up. Indicators for manufacturing and services have improved moderately. Even the housing industry has shown s...
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The Truth Behind the U.S. Labor Department Employment Report
Tags: U.S. Labor Department employment report, us department of labor and industry, us department of labor consumer price index, us department of labor grants, us department of labor history, us department of labor laws, us department of labor payroll form, us department of labor salary, us department of labor unemployment, us department of labor...
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200K Jobs Added, Unemployment Rate Falls to 8.5%
DECEMBER JOBS REPORT SMASHES EXPECTATIONS AT 200K, UNEMPLOYMENT FALLS TO 8.5%
Read more: http://www.businessi...1#ixzz1ignPQAjU
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The Five Most Idiotic Things Congress Did This Week
As life for the average American has gotten harder and harder, elected officials in Washington have done little to help.
Congress wastes much of its time on political posturing and bickering. And in those rare instances when our representatives actually do something, they usually make a mess if it.
FOMC Statement
http://www.federalreserve.gov/newsevents/press/monetary/20111213a.htm
Release Date: December 13, 2011
For immediate release
Information received since the Federal Open Market Committee met in November suggests that the economy has been expanding mo...
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American Privilege Rots an Empire From Within
A rising empire rewards people who contribute to its growth and invest in its future. The empire’s decline begins when certain members of society are over-rewarded by means of privileges, and the empire’s money is wasted on outdated endeavors. ...
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Go Figure: Jobs Report Misses Expecations, But Unemployment Rate Plunges to 8.6%
THE NUMBER IS OUT...
It's a mixed bag.
The good news is that the unemployment rate fell from 9% to 8.6%.
The bad news is that non-farm payrolls only grew by 120K, which is below the 125K that was expected.
On the private payrolls side, growth o...
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NY Fed Issues Mea Culpa That Nobody Saw at 6PM on Black Friday
In a report released on Black Friday around 6 PM, when nobody is around, let alone paying attention, except for crazy people like me, the NY Fed posted a mea culpa on just how lousy its economic forecasts have been, a function which I had already performed over a year ago (The Fed – Clueless,...
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Welcome To Austerityville
PONTIAC, Mich.—To get to city hall, you drive up I-75, past the empty Silverdome where the Detroit Lions used to play, and into a nondescript concrete municipal building. The city clerk was laid off a few days ago, but the door to her office hangs...
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Job Market Won’t Normalize Until At Least 2023
Disgruntled American workers have yet another reason for pessimism: At the current rate of job creation, the U.S. unemployment rate will not fall back to "normal" levels - below 6% - until 2023.
Through most of this year the U.S. economy has managed to create about 119,000...
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U.S. Underclass to serve U.S. Ruling Class Forever
Slowly, over the last year, it’s begun to dawn on us: The economic recovery isn’t really making a dent in unemployment. ...
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Analysis: Stagnant U.S. jobs market bodes ill for world conomy
Analysis: Stagnant U.S. jobs market bodes ill for world conomy
On Thursday September 29, 2011, 9:57 am
By Alan Wheatley, Global conomics Correspondent
LONDON (Reuters) - Record-high long-term unemployment is testing politicians and central bankers to...
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Wake up! U.S. Looking Even Worse Than Japan
With 10-year Treasuries sub 2%, and growth restagnating, more and more people are buying into the "US is Japan" scenario. And it's not just that the numbers look similar conomically.
The same thing has ailed both countries: a multi-year project to pa...
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Fed Preview: Today’s FOMC Meeting Will Prove That Team Bernanke is Out of Ideas
If you're handicapping the U.S. Federal Reserve's two-day Federal Open Market Committee (FOMC) meeting that concludes today (Wednesday), you can make the following two predictions - and you'll almost certainly be right:
- U.S. Federal Reserve Chairman Ben S. Bernanke will announce some...
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The Most Miserable Cities in America
Combine high unemployment, a stagnant conomy and basement-level housing prices, and what have you got?
The most miserable cities in America, according to Brookings, of course! The think tank combined every major U.S. city's unemployment rate, level...
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A Closer Look at Romney’s Economic Plan
September 7, 2011, 5:29 pm
A Closer Look at Romney’s Economic Plan
By MOTOKO RICH
Now that we’ve had a day to digest Mitt Romney’s economic plan, Matthew Yglesias looks between the lines and finds what he calls an “agenda on social welfare pol...
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The Unfixable Jobs Crisis
Another month, another sign that the job market remains unchangingly, distressingly stuck. The official unemployment rate according to just-released figures from the Bureau of Labor Statistics is at 9.1%, but that fails to capture the weakness of t...
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The Phantom 15 Million
(repost - from back in January)
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STATE OF THE UNION: ECONOMY
The Phantom 15 Million
Taming unemployment starts with solving the mystery of the jobs that were supposed to have been created in the past 10 years but weren...
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The winner economy and the loser economy
Aug 23, 2011
The winner economy and the loser economy
By Spengler
Just what do America's large multinational corporations have to do with the US economy? Very little, judging by the data.
Item: Final sales of domestic product rose by 3.8% (with...
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Chasing the Market Down from $1.5 Million to $870,000
Last week the California unemployment rate shot back up to 12 percent. Couple this with the underperformance of revenue for the state and we have heavy headwinds ahead.
It will be a herculean effort for home prices to remain inflated in bubble mar...
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U.S. employers added 117,000 jobs in July
updated 14 minutes ago
BREAKING NEWS
WASHINGTON — U.S. employers added 117,000 jobs in July, the government said Friday, offering a small amount of optimism after the worst stock-market sell-off since the 2008 financial crisis.
The Labor Departm...
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Don’t Expect to See a Housing Market Rebound Anytime Soon
Dragged down by such anchors as a bulging pipeline of foreclosures and a dearth of buyers, it will be many more months - if not years - before a housing market rebound takes hold.
Symptoms of the limping U.S. economy, primarily an unemployment rate above 9% and weak...
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U.S. Economy Slows Sharply in First Half of Year
WASHINGTON (AP) -- The economy expanded at meager rate of 1.3 percent annual rate in the spring after scarcely growing at all in the first three months of the year, the Commerce Department said Friday.
The combined growth for the first six month...
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What Should Greece Do?
Global Economic Intersection article of the week Editor's Note: We all know the story: Greece has been living beyond its means for more than a decade. As a consequence, it is running out of money. And as Econintersect's Dr. Elliott R. Morss has documented in an earlier piece, Greece has entered into an unemployment-generating...
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June’s Abysmal Jobs Report is Just the Beginning
The June jobs report was abysmal - bud sadly it's just the beginning.
After just a few months of modest, stimulus-induced improvement the jobs market is again sliding backwards into a "new normal" characterized by even higher rates of unemployment.
"Unfortunately, I expect chronic high unemployment to be...
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