Category Archives: unemployment

Greece votes on Sunday: anti austerity parties likely to capture more than 50 % of the vote.

Posted on May 6, 2012 by haroldchorneyeconomist

Greek voters go to the polls in a few hours and it appears from the polls and expert analysis that the two major parties New Democracy and the Greek socialist party Pasok may together not get more than 40 or … Continue reading →

Posted in austerity, Greek sovereign debt crisis, Mr.Papandreou and democracy, Uncategorized, unemployment | 1 Comment

US unemployment rate falls to 8.1 %, U6 unchanged at 14.5 %

Posted on May 4, 2012 by haroldchorneyeconomist

The U.S. created 115,000 net new jobs in April and the unemployment rate fell to 8.1 % from 8.2 % But the total number of people in the work force also declined, perhaps because of increasing retirement. The broader definition … Continue reading →

Posted in full employment, U.S., unemployment | Leave a comment

Schiller talks of negative impact of ‘new age of austerity’:Spain contracts again GDP falls 0.3%

Posted on April 30, 2012 by haroldchorneyeconomist

Yale university economist Robert Schiller is featured on CNBC’s Squawk Box Europe arguing that house prices may not yet have hit bottom and the new age of austerity was promoting recessionary lack of confidence. Schiller who is a very creative … Continue reading →

Posted in austerity, European debt crisis, European unemployment, Spain, U.S., unemployment | Leave a comment

Spanish unemployment 24.4 %;U.S. GDP up 2.2%:austerity not working.

Posted on April 27, 2012 by haroldchorneyeconomist

This mornings news is anything but positive. U.S. growth is still positive but it would have been 0.6 % greater had  government cuts not subtracted from the total, leaving U.S. growth in the first quarter still positive but only modestly … Continue reading →

Posted in austerity, deficit hysteria, deficits and debt, European unemployment, Greek sovereign debt crisis, Spain, Uncategorized, unemployment | Leave a comment

French unemployment rises for 12th consecutive month:austerity a bad bet

Posted on April 26, 2012 by haroldchorneyeconomist

Again no surprise but painful to report nonethess unemployment in France continues to rise for the 12th consecutive month as reported by INSEE. In metropolitan France it is now 9.7 % with the overall national rate even higher at just … Continue reading →

Posted in austerity, European unemployment, France politics+economy, Uncategorized, unemployment | Leave a comment

A Tale of Two Frances:Marine Le Pen 6.2 % in Paris, 27.5 % in Vaucluse

Posted on April 24, 2012 by haroldchorneyeconomist

When one analyses the first round French presidential election results in detail and examines the vote in the major cities and compares it with the regions some very striking differences emerge which illustrate the divide in French society today. For … Continue reading →

Posted in austerity, France politics+economy, Uncategorized, unemployment | Leave a comment

France votes:Hollande 28.5 %; Sarkozy 27.1%;Le Pen 18.2%;Mélenchon 11.1%;Bayrou 9.1%;Joly 2.3%

Posted on April 22, 2012 by haroldchorneyeconomist

France the bastion of democracy has voted in the first round of the Presidential elections. As the polls suggested François Hollande of the Parti socialiste has finished just ahead of the President Nicholas Sarkozy of the UMP. In third place … Continue reading →

Posted in austerity, European unemployment, France politics+economy, Uncategorized, unemployment | Leave a comment

Vive le Québec social et progressif ! : the conflict over higher university tuition fees in Québec

Posted on April 14, 2012 by haroldchorneyeconomist

There has been a significant clash over values and higher education taking place in Québec over the past few weeks. There is an on going student strike and there  have been daily demonstrations at many of the university campuses in … Continue reading →

Posted in austerity, Canada, fiscal policy, full employment, progressives, Québec, Uncategorized, unemployment | Leave a comment

American unemployment rate drops to 8.2 % but job creation still unsatisfactory

Posted on April 9, 2012 by haroldchorneyeconomist

The U.S. Bureau of Labour Statistics reported last week that the unemployment rate fell to 8.2 % . But the total number of new jobs added was a disappointing 83,000 below what the market had been expecting so bearish sentiment … Continue reading →

Posted in austerity, business cycles, fiscal policy, full employment, U.S., Uncategorized, unemployment | Leave a comment

Eurozone Unemployment rises to 10.8%, 17.134 million unemployed.

Posted on April 2, 2012 by haroldchorneyeconomist

Eurostat has released the latest unemployment data for the Eurozone 17. It does not make for pleasant reading. Because of the foolish contractionary  austerity policies being implemented there, as expected unemployment is rising. It is now  10 % in France, … Continue reading →

Posted in austerity, business cycles, deficit hysteria, European unemployment, full employment, Uncategorized, unemployment | Leave a comment