Question: What do you think of the Jobs Bill?
The new Jobs Bill that just passed the Senate. Here are it’s key offerings: Employers who hire workers who have been unemployed 60 or more days are exempt from paying their portion of Social Security payroll taxes through December, and earn an additional $1,000 tax credit per worker if the worker remains employed for 1 [...]
All Signs Point to Recovery
According to the economic tea leaves, a recovery is still in the offing. Here’s what the tea leaves are telling us: Home prices are up 6.2% Consumer spending is up 0.7%, Personal incomes are up 0.2%, New jobless claims are down 7% Stock markets are up an average of 0.3% (DJIA up 0.2%, S&P up [...]
Unemployment Up, But Duration of Unemployment Down
According to the Labor Department’s monthly jobs report released today, the unemployment rate skipped 0.3% to land at 9.7%. There were no real surprises. Construction and manufacturing were the biggest job losers, losing 65,000 and 63,000 jobs, respectively. Healthcare led the job gainers, adding 28,000 jobs in August, mostly in ambulatory care, nursing and residential [...]
Jobless Claims Down, But Not Enough
According to the Labor Department, last week marked another week of declining jobless claims. The number of new claims fell to 570,000, down from 574,000 the prior week. Meanwhile, the number of people continuing to receive unemployment benefits rose by 92,000 to 6.23 million. The good news is that we can take heart that layoffs [...]
States With the Highest Unemployment
There’s always an upside and a down. An earlier post was about the good job-hunting grounds. This one’s about those states you’ll want to avoid if you are considering relocating to find a job. That said, this doesn’t mean you’ll never find a job in one of these tight markets. States With the Highest Unemployment [...]
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) [...]
States With the Lowest Unemployment
Unemployment is still reasonably low in these 11 states, making them good bets for job-seekers. States With the Lowest Unemployment North Carolina – 4.2% Nebraska – 4.9% South Dakota – 4.9% Utah – 6.0% Iowa – 6.5% Wyoming – 6.5% Oklahoma – 6.5% Montana – 6.7% Vermont – 6.8% New Hampshire – 6.8% Virginia – [...]
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