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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 [...]
So, is Chrysler still in major trouble, or are they okay? It was announced that Chrysler lost an astounding $3.8 billion dollars in the second half of 2009, but it doing much better now. Much better means that for the first quarter of this year they only “lost” $197 million. While I acknowledge that’s a [...]
This can’t be a surprise to anyone, but yesterday, the Dow Jones closed at 9,908.39, falling 104 points from last Friday. Supposedly, the market is falling because of three reasons. One, President Obama wants there to be a bit more regulation in watching what these guys do. Two, foreign markets have been erratic, especially with [...]
It seems 2009 was more memorable than anyone hoped it would be as it pertains to the housing market. A record number of foreclosure notices went out in 2009, and more are expected in 2010 to break 2009′s record; how scary is that? There were around 2.8 million foreclosure notices that went out in 2009. [...]
The National Federation of Independent Business came out with a report saying that the hiring of temporary workers is not only up, but is surging. In the last month alone, around 52,000 new temporary positions were filled, and that gives the organization a feeling that, at least for some companies, regular employment might be just [...]
This morning it was announced that unemployment has finally decided to go in the direction we’re all hoping for, as it dropped from 10.2% at the end of October to 10% at the end of November. There were fewer jobs lost in November, which helped contribute to the figure. It’s the best report in more [...]
