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Unemployment is a major thing today. The national figure is still sitting at 9.6%. Each month there are statistics that come out saying how many new jobs were created and how many were taken away. The figure has been fairly static most of the year; it’s almost a wash at this point. The thing is, [...]
There have been a few times on this blog when I have stated that my belief is that most of the jobs that were let go in 2008 and 2009 we’re never coming back. I’ve had that confirmed by a news story last week where interviews were done with many CEOs on the subject. However, [...]
Man, I hate being right. It seems that there’s a prediction that around 1.2 million people are about to fall off the extended unemployment benefit rolls, and with that goes the benefit they were getting on their COBRA insurance coverage. I’ve talked about the fact that unemployment figures are usually skewed by the number of [...]
The latest jobs report shows that unemployment dropped from 9.9% to 9.7%. Normally looking at a figure like that would be a good thing, but this time around, there’s proof that figures sometimes don’t tell the whole truth. It seems that the reason unemployment dropped is because the federal government hired more than 400,000 employees [...]
You can keep believing that the economy is getting better and that unemployment has stabilized if you want to, but numbers seem to indicate otherwise. It seems that 33 states and the Virgin Islands have run out of money to pay unemployment benefits, and are borrowing heavily from the federal government to try to keep [...]
It seems that unemployment is becoming the new housing industry as far as conflicting information that makes you wonder if things are getting better or worse. Let’s start with the supposed “better”. According to the Labor Department, jobless claims are dropping, and in the next to last week of March dropping to its lowest point [...]
Sometimes I hate being right. On Friday, news was announced that 43 states show the growth in unemployment figures. Some of those states recorded record unemployment numbers, while others showed the highest unemployment rates experienced in many years. What’s a shame is that I had predicted that it wouldn’t be until February that we would [...]