Hard to believe, but it’s been less than five years since the launch of the iPhone. Prior to its explosion in popularity, an ‘application’ was a tool for finding a job, but ask anybody what an application is today, and the first things she thinks of are those helpful little programs we store on our phones and tablets. And according to a new study by Dr. Michael Mandel of South Mountain Economics, this new kind of application is creating a whole bunch jobs for Americans — 446,000 to be exact.
The U.S. labor market continued to add new jobs in January, pushing the unemployment rate to the lowest level in nearly three years, in a sign that the economy is recovering from the worst recession in decades. The Bureau of Labor Statistics said January’s unemployment rate fell to 8.3% from 8.5% in December as the [...]
In 2008, after Lehman Brothers fell and the financial crisis and global recession began, the conventional wisdom was that we were entering an era in which government would take back power from business. In fact, just the opposite has happened. The high profile political figures here at Davos disappointed — Merkel was angry and depressed [...]
Here in snowy Davos, the topic of job creation has been about as popular as the passed canapés and free champagne. Not surprisingly, President Obama’s latest jobs proposals — a combination of taxing outsourcing corporations and reviving U.S. manufacturing — haven’t been as popular. It’s not hard to see why.
Is America in the middle of a manufacturing job revival? The latest numbers would make it seem so. The U.S. has added more net manufacturing jobs since the start of 2010 than the rest of the G7 nations put together, with only two other economies, Germany and Canada, increasing factory employment at all. The jump [...]
A strange thing has happened as the debt crisis in Europe has gotten worse: The U.S. economy has, surprisingly, improved.
Just when we were expecting the economy to go boom it went zoom
A common refrain in conversations about poverty—and unemployment and income inequality—is that more education will lead people to better-paying jobs and higher living standards. I certainly don’t want to make an argument against education, but recent research from MIT economist Frank Levy and business professor Tom Kochan provides an especially sharp illustration of why just [...]
There’s been a lot of rhetoric since Obama announced on Monday a plan to cut the debt by $3.1 trillion over the next decade, a good portion of which would come from raising taxes on the wealthly. The President’s speech itself contained a good bit of hyperbole. The President said that America’s millionaires pay a lower [...]
Call it turnover Thursday. In the past 48 hours, chief executives of three of the U.S.’s largest companies – Bank of New York Mellon, Costco and Bank of New York Mellon – have either called it quits or been shown the door. Perhaps they wanted to make labor day truly a long weekend. Of the [...]
