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Annabelle b

Greeks pushed to work more to pay debt - 0 views

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    This article talks about the scarcity of jobs for citizens living in Greece. Greek citizens are not having much luck finding any occupations, even simple ones such as working as a waiter in a restaurant or working in a supermarket. This is mostly a dilemma for the Greek youth, furthermore, data shows that more than half of the citizens under the age of 25 are out of work. The greatest challenge for employers is not a lack of cheap labor but a shortage of demand for their products, therefore, due to the fact that their products aren't selling they can't hire people because their company will be going into debt.
Elias S

Jobless claims drop, trade balance widens unexpectedly - 1 views

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    "The U.S. trade deficit widened more than expected in September as imports rose to their highest level in almost a year. The Commerce Department said the trade gap increased 8.0 percent to $41.8 billion, the largest since May. August's shortfall on the trade balance was revised slightly to $38.7 billion from the previously reported $38.8 billion. Economists polled by Reuters had expected the trade deficit to widen a bit to $39.0 billion in September. When adjusted for inflation, the trade gap widened to $50.4 billion, the largest since May, from $47.4 billion the prior month. This measure goes into the calculation of gross domestic product. The increase in the so-called real trade deficit in September suggested the government will probably lower its initial third-quarter GDP estimate." This does not surprise me at all with their trade balance widening because of the debt they are in. Their debt are in the trillions and there isn't a lot the US are doing. Yes, their economy might be improving slightly but a lot of people are without jobs creating a sort of dilemma.
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