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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, [...]
People are selfish; let’s get that out of the way first. It’s a tough economic environment we’re dealing with these days. On the one hand unemployment is still sitting around 9.5% throughout the country. On the other, both state and federal governments are being accused of either spending too much money or looking to cut [...]
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 [...]
At the Group of 20 Summit in Toronto days ago, the countries participating left with one common goal; to reduce the deficits in each country while not promoting that people hold onto their money and to spend it instead. It’s an interesting prospect, one that needs to be examined because of its unique scope. The [...]
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 [...]
The Federal Reserve today decided not to increase interest rates, saying they’re trying to help ease unemployment and stimulate the economy, which has stagnated. However, they seem to be upbeat that unemployment didn’t get worse, which I guess is a mixed blessing at best. That standards for how “well” the economy is going are so [...]
