The Jobs Bill Passed. Do You Care?
Today, Congress, by a vote of 68-29, passed the Jobs Bill. Just to refresh your memory, the jobs bill promises the following: Businesses that hire unemployed workers will be exempt from paying the 6.2% Social Security payroll tax through December 2010 Businesses that retain these employees for a full year receive an additional $1,000 credit/worker [...]
5 Companies Where Profits and Hiring Are Up
These companies turned in shiny gains for the quarter and their gain appears to be ours as they are not only adding profits but also jobs. Hormel Medtronic Eaton Vance Allied Healthcare Thor Hearthis post
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 [...]
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 [...]
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