Lower Unemployment Rates For 2016?
The Federal Reserve is predicting that with the 2016 elections the unemployment rate is going to start decreasing. Many economists are predicting the unemployment rate to be 5.2 to 5.3% by the end of 2016. Other economists are predicting 5% or less. This is related to the topic of unemployment.
Brazil's Rousseff says to tackle inflation, cut spending
Brazilian president Dilma Rousseff say that the government is going to work to fight high inflation and strengthen public accounts with budget cuts. She is searching for new ways to cut spending and not have to depend on interest rates. This it related to the topic of Federal government budget.
U.S. third-quarter productivity beats forecasts
The productivity of U.S. non farm businesses has increased more than it was expected to. Over the past 3 years it hasn't rose more than 1 percent on an annual basis. Pay is accelerating which is a good sign for the economy. This is related the the topic of Productivity.
Detroit bankruptcy case ends
A federal bankruptcy judge approved the city's plan to get rid of debt and move finance operations forward. Detroit will get rid of most of its $11 billion in debt. It will have $1.5 billion to spend to improve essential services over the next 10 years. This is related to the topic of Debt.
Weekly Jobless Claims Rise More than Views
Claims for unemployment benefits rose more than they were expected to last week. One part or the labor market has returned to full health. The pace of hiring unemployed people had been very steady for the past few years. The labor department has stated there was nothing special that helped with the claims data last week. This is related to the topic of unemployment.