One More Reason You Can’t Find a Job
The Bureau of Labor Statistics released its monthly Productivity and Costs report which revealed that, in the nonfarm business sector, worker productivity was up 9.5%, worker output was up 4%, and the cost of labor was down 5.2% during Q3 2009. In the manufacturing sector, productivity increased 13.6%, output increased 7.7% (in spite of a [...]
10 MORE Metros the Recession Nearly Missed
If you didn’t see your city or metro area in yesterday’s list of the Top 10 Best Performing Metros, perhaps it’s in the second tier. While these metros didn’t fare as well as the first 10, they are still among the 20 metro areas that lost very few jobs, experienced relatively low increases in their [...]
10 Metros The Recession Nearly Missed
These metropolitan areas, like every other, felt some impact from the recession. But, unlike other metros, these 10 lost the fewest jobs (less than 3.2%), had the smallest increases in their unemployment rates (less than 4%), experienced the smallest percentage loss in gross metropolitan product (less than 6%) and suffered the smallest drop in housing [...]
The Recession Is Over
You may not have heard, but according to a survey from the National Association of Business Economics, the recession is over. Thirty-four of 43 economists called the recession’s time of death based the fact that the national gross domestic product (GDP) has grown for more than 2 quarters at a rate of about 3%. That’s [...]
Unemployment Inches Closer to 10%
According to the latest Department of Labor jobs report, the unemployment rate inched closer to 10%, landing at 9.8% for the month of September. That’s up from 9.7% in the prior month, and represents a loss of 263,000 jobs in September. There are now 15.1 million Americans out of work, 36% (5.4 million) of whom [...]
5 Signs the Economic Free-Fall May Be Over
We’ve gotten a few bits of good news in the last week that lead me to believe the economic free-fall is at an end. But, if we’re at the bottom, is there a sub-bottom, a basement, or are we on the verge of economic recovery–no where to go but up? U.S. gross domestic product (GDP) [...]
Unemployment Inching Downward, Economic Outlook Looking Up
Good news! According to today’s jobs report from the Department of Labor, the unemployment rate is inching downward for the first time in 15 months. The unemployment rates for July was 9.4%, down from 9.5% in June. The economy lost 247,000 jobs, and there are now 14.5 million people unemployed. But, the layoffs appear to [...]
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