Jobless rate jumps to 58pc in sa.
Wage gap narrows, but still widened for most in middle of year, but remains elevated
Labor market continues to tighten but unemployment drops, though overall still high, but also weak
Bureauc바카라사이트rats in both parties have warned of a “new normal” in Washington for a U.S. economy whose output has been falling sharply
Jobless rate jumps to 55pc, with average growth rate steady at 0.5pc
Houses are buying up homes to house the unemployed, a sign that they believe government policy on jo구미출장안마bless benefits can ease their worries
Housing starts are more than double their 2011 levels and rise 2.2pc in September
Consumer spending expands, while consumer prices remain muted
Nominal GDP accounts for 90pc of household spending growth
Ex-offshore windfall from China’s massive coal boom boosts US power sector
Businesses, and other businesses, have reacted angrily to the latest news that China has approved a huge coal lease in Alaska.
They also note that U.S. coal exports to China, which account for around 20pc of its total exports, have slumped from around 8m tonnes in 2011 to around 8m tonnes in 2012, but growth has resumed following the announcement by President Xi Jinping’s government that the lease was approved. The United States has also sold coal to Australia and India, but the country remains locked in a dispute with Beijing over royalties. China has been the main exporter of coal to the U.S. since at least 2008.
While the approval of the coal lease in Alaska has left some businesses feeling jittery, others are bracing for more bad news in the months ahead.
John Bresnahan, chief economist at UBS Economics, said the announcement is evidence that global coal prices are coming under pressure. The price of Australian and New Zealand coal is g용인안마oing up by about 5 per cent a year, and the Chinese government has been raising the price of iron ore and coal to combat the weak global economy.
“Coal prices may come under pressure later on,” he said.
The U.S. coal industry has taken advantage of the strong U.S. dollar to raise prices. A report by Bloomberg noted that the price of coal in the United States plunged by $40 per tonne in May and June, with a rise of 6.8 per cent over the same period in June of last year. That was the most recent month o