The United States Labor Department released its September unemployment figures. Even though many economists expected the eight percent figure to rise, government data suggested otherwise. The final numbers showed the unemployment rate dropped by 0.3 percent from 8.1 percent to 7.8 percent, which is the first time in four years the figure is below the […]
Archives for October 2012
U.S. Vice President Joe Biden says the administration does want to raise taxes
One week after suggesting that the middle-class “has been buried the last four years,” a remark that gave the Republicans more firepower this election cycle, may have, as RedState noted in jest, continued his campaign for the Mitt Romney-Paul Ryan ticket. Speaking at an Iowa campaign stop on Thursday, Vice President Joe Biden confirmed that […]
90 percent of American households could see their taxes rise significantly in 2013
A new report released Monday by the independent Tax Policy Center (TPC) warned that huge tax increases are in the midst of middle- and high-income households if legislators in Washington do not renew a large number of tax cuts that are scheduled to expire at the end of the year. According to the report titled […]
United Kingdom minimum wage set to rise for adults over 21 years old
The British Department for Business Innovation and Skills announced in a news release Monday of the minimum wage increase for those over the age of 21, apprentices and accommodation offset. The increases take into effect as of Oct. 1, 2012 and were part of the recommendations made by the Low Pay Commission in its 2012 […]