ISLAMABAD: Prime Minister Yusuf Raza Gilani said transparent disbursement of funds among the poor under Benazir Income Support Fund (BISF) has received international praise. The Prime Minister said this during a meeting with MNAs here Friday. He said various development projects for rural areas are under consideration for economic well being of the people and [...]
US January headline unemployment posted an unexpected decline to 9.7% from 10% last month and nonfarm payrolls dropped by 20k. The average workweek increased to 33.3 hours from 33.2. 8.4mln jobs have been lost since the start of the recession in December 2007 compared to the 7.2mln originally reported by the Labor Department. The number [...]
WASHINGTON: US President Barack Obama on Monday projected the U.S. budget deficit would peak at a fresh record in 2010 before easing as he pushes for fiscal responsibility while battling double-digit unemployment. Dubbed an old-style liberal tax-and-spender by his Republican opponents, Obama is under pressure to convince investors and big creditors like China that he [...]
The engineering group argues that engineering employment is a bellwether of national economic vitality. If companies are to create new products and systems, then they will need to hire engineers do the work. Among electrical engineers, the unemployment rate dropped from 7.3 percent to 5.2 percent from the third to fourth quarter. Good news? Not [...]
WASHINGTON (Dow Jones)–The U.S. economy’s recovery continued at the end of 2009, spreading to more parts of the country, but remains too weak to bring down unemployment, the Federal Reserve said in a report Wednesday. In its latest beige book, the Fed said economic activity was improving slightly as 2010 started, but remained at a [...]
