Greece’s leaders oppose new austerity measures: All three party leaders in Greece’s teetering national unity government have opposed new austerity measures demanded by international lenders, forcing eurozone finance ministers to postpone approval of a new €130bn bail-out and moving the country closer to a full-blown default. Unemployment hits record high in Spain: Jobless rate is twice the average for the rest of the EU, with young people particularly badly affected, new data show. Canada: Unemployment rises as just 2,300 jobs created in January: Canada's economy squeezed out a paltry gain of 2,300 jobs last month as the country's unemployment rate increased due to more people looking for work. Why Today's "Very, Very Suspicious" NFP Number Is Really Down 2.9 Million In Past 2 Months: "Actual jobs, not seasonally adjusted, are down 2.9 million over the past two months. It is only after seasonal adjustments – made at the sole discretion of the Bureau of Labor Statistics economists – that 2.9 million fewer jobs gets translated into 446,000 new seasonally adjusted jobs." GOP Rep. West: Someone's 'playing around with' unemployment numbers: There is something suspicious about the job numbers released today and it has me very concerned," West wondered Friday. Working Poor: Almost Half Of U.S. Households Live One Crisis From The Bread Line: According to the report, 43 percent of households in America -- some 127.5 million people -- are liquid-asset poor. If one of these households experiences a sudden loss of income, caused, for example, by a layoff or a medical emergency, it will fall below the poverty line within three months. Home prices drop, consumers turn gloomier: The S&P/Case-Shiller composite index of single-family home prices in 20 metropolitan areas, released on Tuesday, declined 0.7 percent on a seasonally adjusted basis, a bigger drop than the 0.5 percent economists expected.
Saturday, 4 February 2012
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