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 [...]
Job Losses Will End in 2010
That’s according to the 48 professional forecasters that make up the National Association of Business Economics (NABE), the same panel that, in October, declared the recession over. In their most recent report, NABE panelists conclude that net job losses will end in the first quarter of 2010, and that the economy will see job gains [...]
What’s Behind the 10.2% Unemployment Rate
As expected, the national unemployment rate reached, and then exceeded, 10% in October. The number of unemployed persons increased by 558,000 to 15.7 million. That’s 8.2 million more unemployed than in December 2007, the start of the recession. Unemployment rates for minorities continued to rise, landing at 15.7% for blacks and 13.1% for Hispanics (up [...]
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 [...]
keep looking »
careersthatdontsuck.com
sponsors
Books
Career Gear
Career videos
Job Search
Meta
Good Reads
Careersthatdontsuck Podcasts
Meet the Editor
We Belong
