Good News: Layoffs Down, Americans’ Wealth Up
The latest unemployment numbers show the number of newly laid-off workers unexpectedly dropped by 12,000 to end last week at 545,000 claims. Analysts expected claims to rise by 5,000, but instead, we got third decline of the past four weeks and the lowest level of claims since early July. California had the largest drop in [...]
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) [...]
Companies Waiting Longer, Paying Less
A new survey from Dice.com found that nearly 50% of companies are taking longer to fill positions, and 38% of companies are paying slightly or significantly less to new hires than they did last year. Not surprisingly, companies cited economic concerns as the reason for the slowdown and reduced wages. The survey featured a bit [...]
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 [...]
Unemployment Rates in Your Industry
The national unemployment rate is an eye-popping 7.6%. But, unemployment rates vary by industry, and some industries are doing better than others. My goal here is to make sure that we don’t get swept into the doom and gloom completely. I want to make sure you know that there are still industry sectors where jobs [...]
Unemployment Catapults to 7.6%, But a Few Sectors Still Hiring
The new jobs report from the Department of Labor is out and it’s not great news. The unemployment rate skipped a few floors and landed at 7.6%. There are currently 11.6 million unemployed people in the U.S. Startling as these numbers are, they’re worse for blacks and Hispanics who are facing 12.6% and 9.7% unemployment [...]
States With Fastest-Growing Unemployment
The national unemployment rate is rising faster than any of us might like, but in some states it’s rising even faster. The following states saw their unemployment rates increase by at least one percentage point in a single month (Nov. 2008-Dec. 2008). STATE % INCREASE DEC 08 UNEMPLOYMENT RATE Indiana (+1.1) 8.2% South Carolina (+1.1) [...]
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