Commodities Forex News & Analysis

December 2nd, 2011

Unemployment Drops to 8.6 Percent as Many Adults Leave Labor Force

The economy added 120,000 jobs in November, and unemployment fell to 8.6 percent from 9.0 percent in October. Job growth in range of 120,000 should be expected to accommodate labor force growth but not much lower the unemployment rate-especially not by nearly half a percentage point. However, the scarcity of jobs is causing many professional [...]

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Fed’s Assistance to European Only Prolongs the Agony

Federal Reserve assistance to shore up Europe’s sagging banks may be good geo-politics but it is bad economics. Only abandoning the euro, not printing money and Teutonic austerity, will fix Europe’s banks and economies. When introduced in December 1998, the exchange rate for the euro against the dollar was set at the average of values [...]

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