February 17, 2013 |
JERUSALEM - A new odd couple in Israeli politics has become the biggest obstacle to Prime Minister Benjamin Netanyahu's effort to form the next government. The surprise alliance between Yair Lapid, 49, the rising star of Tel Aviv's secular elite, and Naftali Bennett, 40, the yarmulke-wearing head of a religious-nationalist party, has added an unexpected wrinkle to coalition talks. Nearly a month after the election, Netanyahu has yet to announce a single partner, with a mid-March deadline looming.
February 9, 2013
Re "Smart spending isn't," Opinion, Feb. 5 Mostly I disagreed with former GOP Rep. Ron Paul, but he was right when he consistently pointed out that what the government subsidizes increases in price. And that, whether we like it or not, is "growth. " But Jonah Goldberg was right on the money when he wrote about increased education spending to prop up the economy. Government needs to throw money at infrastructure and at disaster relief, but how many more unemployed college graduates do we need before we realize that education needs to smarten up?
February 1, 2013 |
WASHINGTON - Fears of a recession seemed to evaporate as the nation added 157,000 net jobs last month and other key economic data improved, boosting major stocks to their highest level in more than five years. Economists and investors were heartened by the Labor Department's jobs report Friday, which suggested that growth accelerated at the end of last year. The new economic readings - a mix of federal and private data - contrasted with Wednesday's government report that the economy contracted at a 0.1% annual rate in the last three months of 2012.
February 1, 2013 |
WASHINGTON -- The U.S. economy added 157,000 new jobs in January and the unemployment rate ticked up to 7.9%, the Labor Department said Friday. The job creation was below analyst expectations of 165,000 and down from a revised 195,000 in December. The unemployment rate ticked up from 7.8% in December. The pace of job creation is consistent with moderate growth and could ease concerns that the economy's unexpected contraction in the final three months of last year was a sign another recession could be near.
January 9, 2013 |
The private sector is slowly climbing its back way from the Great Recession, adding 155,000 jobs in December, but the public sector is continuing its long employment slide, making it the worst few years for government employees in recent memory. That's a conclusion from a new report by the Nelson A. Rockefeller Institute of Government at the University of Albany, which calculates that while private-sector employment is down 3.1% from its peak in January 2008 and on the rebound, state and local government employment is down 3.4% from its peak in August 2008 and continuing to slide.
October 20, 2012 |
SACRAMENTO - California's unemployment rate fell to 10.2% in September from 10.6% in August, posting one of the biggest drops of any state for the month. The decline took the rate to its lowest level since March 2009, during the worst recession in half a century. It follows the announcement of a reduction in the national unemployment rate to 7.8% in September from 8.1% the prior month. But the employment report released Friday has a less rosy side: The California Employment Development Department reported that only 8,500 net new payroll jobs were created statewide in September.