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US job gains weak in March – economy
http://www.euronews.com/ Austerity bites as US employers hired at the slowest pace in nine months in March.
Just 88,000 jobs were added last month as across-the-board federal spending cuts started, and after the government increased taxes in January.
Upwards of 200,000 extra jobs are needed each month for the US economy to grow but J.P. Morgan Senior Economist Jim Glassman said there will be weaker months: “For an economy that is only beginning to get traction I think I’d never expect job growth to be solidly in the 200,000 to 300,000 range, where I expect it will go eventually, until the economy picks up speed.”
There was some good news the job gains for January and February were revised up to show 61,000 more jobs added than previously estimated.
The unemployment rate did slip from 7.7 percent to 7.6 percent, but surveys of households show that was largely due to people dropping out of the work force.
The numbers could mean policymakers at the Federal Reserve are more confident about continuing their stimulus programme – buying government bonds with newly printed money.
Fed Chairman Ben Bernanke, who has said the labour market must show sustained improvement before monetary stimulus is eased, had voiced concern about the government spending cuts.
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Viennese woman takes city to court over toilet fees
A 27-year-old Viennese woman is suing the city over public toilet fees, arguing that women have to pay 50 cents to use stalls while men can use certain urinals for free.
READ MORE : http://www.euronews.com/2026/08/18/viennese-woman-takes-city-to-court-over-toilet-fees
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Houthis claim strike on Saudi tanker in latest Red Sea escalation
The missile struck a tanker 63 nautical miles west of Yanbu, setting it ablaze, in the latest strike under the Houthis’ announced blockade of Saudi Arabia, threatening its ability to export millions of barrels of crude oil per day.
READ MORE : http://www.euronews.com/2026/08/24/houthis-claim-strike-on-saudi-tanker-in-latest-red-sea-escalation
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Rival leaders of divided Cyprus agree to meet weekly after UN chief’s visit
Cyprus has been divided since 1974, when Turkey invaded and occupied the northern third of the island in response to an Athens-engineered Greek Cypriot coup seeking unification with Greece.
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Ukraine war: Western leaders cautious over Russia pledge to reduce attacks around Kyiv
At peace talks in Instanbul, Russia said it will “fundamentally” reduce combat operations around Kyiv and Chernihiv. Ukraine has said it will accept neutral status in return for security guarantees.
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@ChrisRoadWarrior
April 20, 2024 at 3:35 pm
"The unemployment rate did slip from 7.7 percent to 7.6 percent, but surveys of households show that was largely due to people dropping out of the work force"
63.3% Labor participation (Americans fully employed, on the payroll and with full benefits), lowest since May 1979, Jimmy Carter used to be POTUS at that time.
Using Jan 2009 Labor Force participation, when Obama came to power, unemployment today would be 11%.