Several prominent economist who have apparently been slumbering the last three years suddenly awoke this week and, upon an examination of the global financial situation, said that unemployment was the primary enemy of the…
In state capitals and universities across the U.S., leaders are facing the unpleasant reality that they don’t have enough money to meet their future pension obligations. States alone are facing a $1 trillion shortfall,…
US poverty levels are likely to post a record increase for 2009, with the ranks of working-age poor approaching 1960s levels, according to the AP Census figures for 2009, to be released in next…
Two-thirds of American expect a double-dip recession. A number of experts have observed that economists who have called an end to the recession are out of step with the public. The average American lives…
The September 8, 2010 Beige Book release came from the Federal Reserve Bank of San Francisco, and the data is based on information collected on or before August 30, 2010. In short, much of…
In what could be a positive bit of jobs news, job openings rose to three million in July. Whether those jobs are filled quickly is another matter entirely. The job openings rate increased over…
Some people expect that the economy may recover in the fourth quarter based on modestly positive unemployment numbers for August. GDP may actually pick up by 3% or 4% some optimistic experts claim. There…
The President said in Milwaukee today that he wants to create jobs for Americans. Mr. Obama stressed that America needs a strong middle class and that American workers, who are the best in the…
Unemployment, according to a number of government officials and economists, has become intractable and the August jobless rate hit 9.6% as non-farm payrolls dropped 54,000. That cannot be said about any other US post-war…
If preview data about employment is any indication, the US government should report a modest uptick in joblessness tomorrow. That would not be particularly surprising give the trend in weekly jobless claims and the…
The recession, so economists say, is over. The recovery may be slow, but it is underway. Unemployment will drop slowly through the next few years and may fall under 9% in 2011. The real…
ADP data on private sector employment was disappointing and pointed to a potential weak national joblessness announcement on Friday. The information, added to consumer confidence, housing, and a faltering manufacturing environment are more indications…
So far it has only been Kansas City Fed President Hoenig who has dissented against the policy of no or low rates. There may not be a direct change on that stance, but some…
The reading for the Chicago Business Barometer for August just hit the lows of 2010. The reading of 56.7 compares to a reading of 62.3 in July. Dow Jones had expectations of 57.6 projected,…
Someone forgot to tell a number of the world’s leading economists that the economy has begun to turn down. A panel of 242 members of the National Association for Business Economics found that nearly…