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 US Economy |
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Apr 6, 2013: The US Economy added a meager 95,000 new private sector jobs in March. The economy contracted partly due to budget cuts (sequester) of $85bn authorizing the government to enact across-the-board reductions signed into law on (Mar 1, 13) by President Obama.
The unemployment rate dropped to 7.6 percent, the seventh consecutive month below 8 percent with the private employme... |
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| US Consumer rebounds to 5 year high |
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Nov 2, 2012: US consumer was up in October, the highest it has been in 5 years, according to a survey that tracks consumer habits. The Conference Board's Consumer Confidence Index was 72.2, up from 68.4 in September, due to a rebounding job market.
The index is an important indicator because it measures consumer spending, which is critical to the US economy, accounting for as m... |
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| Clinton tells Kenyans to hold free and fair elections |
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Aug 4, 2012: U.S. Secretary of State Hillary Clinton urged Kenyans on Saturday to hold free and fair elections and be a role model for Africa, to avoid the bloodshed that followed the hotly disputed elections of 2007.
The country will hold election in March of 2013, which mark a turning point since the last election of 2007 which was mired in violence and ethich cleansing that re... |
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| Austerity measures hurting job creation: ILO |
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May 1, 2012: The International Labor Organization (ILO) warned Monday that austerity measures are hurting job markets worldwide and predicted global unemployment of 202 million people in 2012, up six million from last year.
The ILO's World of Work Report 2012 said fiscal austerity and labor market reforms have had "devastating consequences" for employment while mostly failing to c... |
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| Bernanke worst not over yet |
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Mar 28, 2012: Federal Reserve Chairman Ben Bernanke said it may take a few more years before unemployment declines to a normal rate due a to slow economic growth. During an interview with ABC News, Mr. Bernanke, said he goes to bed feeling optimistic about the US financial market, which he described as resilient.
However, Mr. Bernanke, expressed frustration at the r... |
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| US Economy added a quarter million jobs in February |
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Mar 9, 2012: The US economy added a little more than a quarter million jobs 227,000 in February, while the unemployment rate remained frozen at 8.3%, the lowest it has been three years.
The Department of Labor report also showed that job-creation figures in December and January were even stronger than first estimated. President Barack Obama said the figures showed the economy "ge... |
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