New car sales in September are estimated to have risen 19% year-over-year, though down -5.5% sequentially. The seasonally adjusted annual rate of new car sales is now set at about 12.9 million new cars.…
The Labor Department has released its tally on the weekly jobless claims and the net post-revision data does not show much. The prior week’s reading was revised from 404,000 to 409,000 and the new…
The number of jobs in the US solar industry has risen by 6.8% year-over-year from August 2010 to August 2011. Over 100,000 people are now employed in making, selling, and installing solar systems in…
The reading on the weekly jobless claims were down marginally after a slight revision higher from the prior week’s report. The Labor Department reported that weekly jobless claims were down 1,000 to 404,000 for…
Somehow, someway, the official employment data from the Labor Department managed to hold up in September. The Labor Department reported that September’s unemployment rate was flat from the months before at 9.1% and it reported…
The weekly jobless claims from the Labor Department is not showing any hope for a surprise win on the unemployment and non-farm payrolls data due Friday morning. The report from the prior week was…
The game of predicting the Labor Department’s data on Non-Farm Payrolls and Unemployment before the first Friday of each month is truly nothing more than a game. Estimates fluctuate wildly and there are more…
More bad news from Europe. Spain’s Employment Minister Valeriano Gomez told CNBC that a slow economy almost certainly will cause his country to miss growth targets. About the same time he was interviewed, huge…
The highest rate in almost 30 years, nearly one and six Americans lived in poverty last year, according to recently released data from the U.S. Census Bureau. Many states choose to combat poverty rates…
Automaker Ford Motor Co. (NYSE: F) and the United Auto Workers (UAW) union have reached a tentative agreement on a new contract. The UAW reached a deal with General Motors Co. (NYSE: GM) last…
The Labor Department has finally delivered some good news in the weekly jobless claims reading. While the prior week was revised to 428,000 from 423,000 in weekly jobless claims, the current report showed a…
China is taking American jobs, labor unions, politicians and economists, have accused for some time. The logic is simple. While a manufacturing job in the U.S. may pay $50 an hour, when salary and…
When companies announce that they are going to lay off thousands of employees, it shouldn’t be any surprise that employee morale drops like a stone. So why do they do it other than for…
GM’s (NYSE: GM) bankruptcy was cause by three things, and one of those was labor costs. The car company and the UAW have set a reasonable agreement as they finish contract negotiations and it…
Weekly jobless claims are heading the wrong way and all we can hope is that there is some hurricane and storm bump that has been in this report. The Labor Department, which should soon…