Here’s the bad news about today’s jobs report: It proves once and for all that we are in a slow growth economy. And that’s worse news than you think.
Next to recent headlines, of course, most people would take slow growth. For the past few weeks, more and more forecasters have been saying that the economy may start to shrink and we will …
Early on in the financial crisis there was talk of this finally being the Wall Street recession. Investment bankers, CEOs and other high paid types would be thrown out of their jobs or see they paychecks cut. Manufacturing and other sectors that employ middle class workers would see a comeback. But, according to a new study from National …
Higher unemployment isn’t the only thing putting the American dream at risk.
Americans live by the idea that each generation can do better than the last and that, for those who have a job, working hard leads to more success. But that’s not panning out, according to a new paper by the Brookings Institution. Since 1975, two-parent …
At the start of the week, Jeff Immelt, the CEO of GE and the head of President Obama’s task force on job creation, released an interim report on plans to boost employment in the U.S. The reactions have been relatively …
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 …
The vibe on Wall Street couldn’t be more at odds with deflated Main Street. Yes, stock prices headed down after today’s disappointing jobs report, which showed unemployment rising to 9.1%. But for anyone who hasn’t noticed, big corporations are still making a killing. What gives?
It was only last week that a slew of companies reported …
There goes the recovery.
In May, the number of people employed in America rose by just 54,000. In addition, the unemployment rate rose for the second month in a row to 9.1%. Worse, the time it’s taking unemployed people to find a job rose to a new high of 39.7 weeks, or nearly 10 months. There was bad news in May’s jobs report, and then …
A slew of economic indicators out this week has ratcheted up fears of a double dip recession. Many think Friday’s jobs’ report could be the death knell of the U.S. recovery. But there’s a silver lining to the disappointing stats on housing, jobs, and manufacturing: No matter how bad it gets, the dollar will probably stay weak. And …
Post Updated: 1:30, Monday, May 16.
The jobs rebound came early at the Case I-H farm equipment factory in Grand Island, Neb. Last September, when many companies were still cutting employees, Bill Baasch, the manager at the Grand Island plant, which manufactures combines – the large vehicles that harvest grain crops – was hiring. In …
More jobs plus a lower unemployment rate equals — more to worry about. Really?
On Friday, the government reported that the job market grew faster in March than it has in that month for more than 5 years. The number of employed people in the U.S. increased by 216,000. That was better than the 194,000 jobs the economy added in …
A worker at Best Buy helps shoppers get carts on Black Friday (photo: Shannon Stapleton/REUTERS)
We might need a jobs recount.
The employment numbers came out on Friday morning for November and they were far lower than people were hoping for. But here’s the problem: The employment picture might not be as disappointing as the number …
Tomorrow the government will announce the jobs number for November. Companies are expected to have added nearly 150,000 jobs last month. That’s not a lot compared to the millions people who are out of work. Indeed, the unemployment rate is not expect to fall from its current 9.6%. But if the jobs number is even lower than expected, …
