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Kildare delegate gives grim warnings over unemployment rates

KILDARE DELEGATE Adrian Kane warned that nobody could predict how bad the recession might be during the debate on enterprise, trade and employment. “If you look at the economic forecasts of the ESRI, the Department of Finance and the Bank of Ireland, they predict an unemployment rate of between 7.3 per cent and 8 per cent for 2009.

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Economists Expect a 6.8% Unemployment Rate, Data on Dec. 5th

A polling of economists are now expecting the unemployment rate to jump to 6.8% for November. 6.8% is the median. U.S. payrolls probably shed 316,000 jobs in November, following October's drop of 240,000 jobs, according to economists polled by Reuters. The unemployment rate is seen rising to 6.8 percent in November from October's 6.5 percent This would be the worst unemployment rate since 9/11. Goldman...

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Briefcase Noteworthy

How will George W. Bush’s administration be judged? That’s hard to say yet, Bloomberg News notes, but some numbers don’t bode well. From December 2000 to September 2008, the magazine says, the unemployment rate had gone from 3.9 to 6.2 percent; the GDP growth rate had shrunk from 3.7 to 1.5 percent; annual government spending had grown from $2.03 trillion to $2.64 trillion; and a...

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Help for job hunters in a weakening economy

Nationally, some 1.2 million jobs in the first 10 months of this year were lost, according to the Bureau of Labor Statistics. In New York, state comptroller Thomas DiNapoli estimates that 225,000 private sector jobs could be lost over the next two years.

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Time for a change at the Fed

Plan A didn't work. Plan B didn't work. I suggest the Fed get going on Plan C. The Bureau of Labor Statistics announced last week that the seasonally...

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12 Months Into the Recession

The NBER Business Cycle Dating Committee has declared December 2007 as the most recent peak for the U.S. macroeconomy. Hmmm. That corresponds pretty well with when the national unemployment rate began to rise. But ... there were large parts of...

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Florida unemployment hits 15-year high

Unemployment has hit a 15-year high in Florida, and there seems to be no relief in sight. During the month of October, the state’s unemployment rate reached a whopping 7 percent. Some experts think that by the end of next year, nearly 10 percent of the state’s residents could be unemployed. Recently, President Bush signed a [...]

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Pink slipped? Find work the smart way

Everyday it seems businesses are laying off hundreds - even thousands of jobs. The unemployment rate is the highest it's been in almost 15 years.

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Vista SP2 to land in April 2009-ish?

RTM date leaked on interwebs Windows Vista Service Pack 2 (SP2) looks set to hit manufacturers in April next year.…

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Ignore Jobs Numbers for Market Timing

Steven Hansen submits: Investors look to the Bureau of Labor Statistics ((BLS)) employment news releases to provide insights for, and confirmation of, their market perceptions. Armed with historical data and associated formulas, the BLS employment numbers help guide investment strategies. Year to date, the US has shed over 750,000 jobs. The Jobs Train Has Left the Tracks Since the beginning of the...

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Sofia: Ministry in Sofia claculated 10% unemployment in budget 2009

Sofia : Bulgarias Ministry of Labour and Social Policy calculates a ten-percent unemployment rate into the ministrys budget for the next year. Instead of the expected 7 percent the country should be prepared to cope with higher unemployment rates. The r...

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5 Tips To Help Your Bank Account Survive the Holiday Season in Uncertain Economic Times

At this time of economic uncertainty, probably the last thing many of us want to think about is the approach of the season when we tend to spend more money than any other time of year. With the way the unemployment rate, stock market and other sources of income and investment have been headed, many of us are struggling to make ends meet with our regular expenses, without adding in all the special...

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Tis The Season

I'll be up front by saying that I hate this time of year. Not for what it was intended to be but for what it has become. I had high hopes this year might be different. With record numbers of people out of work and many others unsure of what their employment situation will be in 2009, I assumed that people would spend less money on more stuff and more time being thankful for what they had. These are...

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Military Recruiting Up as Economy Turns Down

It was inevitable: As it becomes harder to find work in the civilian sector, more people are turning to their local military recruiter. The economic downturn and rising unemployment rate are making the military a more attractive option, Pentagon officials say. In some cases, the peace of mind that comes with good benefits and a regular paycheck is overcoming concerns about the wars in Iraq and...

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FTA, TN, TAF & TM

Why we hate soldiers, sailors, airpeople & Marines, & don't support the troops. 1. They aren't "patriots," they're just "real" Americans: too stupid or poorly educated to get real jobs. Economy down, recruiting up . The economic downturn and rising unemployment rate are making the military a more attractive option, Pentagon officials say. In some cases, the peace of mind that comes with good benefits...