Sluggish hiring is the biggest threat to an economic rebound, according to the latest Wall Street Journal economic forecasting survey. But there is a hint of good news: the economists thought the chances of a double-dip recession …
A front-page story in today’s New York Times offers an intriguing reason as to why unemployment continues: companies are investing in equipment instead of people. It’s the most significant disparity between the two in three decades.
If the economic news wasn’t bad enough after the release of yet another anemic jobs report, the highly influential global ratings agency Moody’s just announced that it was contemplating a downgrade of the U.S.’s credit rating.
There was bad news in May’s jobs report, and then there was worse news. See the full story at our companion business blog The Curious Capitalist.
Who wants to be a computer programmer anyway? As noted earlier, the usual job training programs may be proving less than satisfactory. Perhaps it’s time to try something more, uh … artistic?
The stimulus package was supposed to get people working—in the short- and long-run alike. But based on unemployment figures released last week, the stimulus bill seems to be a lot less stimulating in the real world than it was when drawn up on paper. Has the money been poorly misspent? In terms of job training, that seems like the …