Word: joblessness
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Dates: during 2000-2009
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...become competitive again. Longer hours without more pay would boost growth. Yet longer hours with more pay, as some unions will require, would encourage spending, which Germany desperately needs. The recovery can't really blossom until robust exports are matched by a boost in domestic consumption--but Germany's jobless rate, which dropped fractionally in June to 10.5%, has people too spooked to spend...
...ashamed of being jobless this summer anymore. It’s not the end of the world if you have nothing to do this summer. Just be sure to make the most...
...number has become something of a mantra for the jobless recovery--3.3 million U.S. jobs will move overseas by 2015. Forrester Research came up with the estimate in late 2002, kicking off the current furor over outsourcing, the movement of jobs out of the U.S. Now the consultancy has released its first revision of that landmark study, and the news is not comforting. Job losses, it concludes, will hit a lot sooner than expected. By the end of next year, Forrester believes, 830,000 jobs will have gone abroad, mainly to India. That's 242,000 more than...
What Harvard has done, aside from turning the lives of hundreds of hardworking families upside down, is validate the practices responsible for the jobless recovery we’ve seen nationwide. Even with the value of the endowment jumping 12.5 percent this year back to its pre-recession levels, the Corporation has continued to impose conditions that require extra cost-cutting—a budget crunch of its own making—starting with vulnerable employees and the valuable services they provide to the University community. Then, Harvard squeezed the rest out of its students, raising tuition 5 percent without...
Consumers have so far been mostly shielded from the rises for a couple of reasons. There has been little rise in workers' wages, which has kept overall manufacturing costs down, and companies have absorbed higher costs to keep their goods affordable in the jobless recovery. But new jobs are finally being created, which means more consumers can accept higher prices. Meanwhile, a surge in demand for raw goods--led by China--is adding to upward pressure on prices. Last week's inflation announcement "was a watershed report," says Mark Zandi of Economy.com He believes the uptick marks...