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Showing posts with label joblessness. Show all posts
Showing posts with label joblessness. Show all posts
Monday, January 17, 2011
Saturday, December 11, 2010
Number of Adult Children Living with Parents Spikes as Homeownership Plummets
Calculated Risk
This interesting graph is from economist Tom Lawler comparing the percent of 24-34 year olds living at home vs. the under 35 year old homeownership rate ...
There is a clear inverse relationship, and this suggests some pent up demand for housing units when the employment picture improves (although the demand could be for rental units).
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This interesting graph is from economist Tom Lawler comparing the percent of 24-34 year olds living at home vs. the under 35 year old homeownership rate ...
There is a clear inverse relationship, and this suggests some pent up demand for housing units when the employment picture improves (although the demand could be for rental units).
Buy 1 Get 2 Free at Botanic Choice Buy 1 Bottle and Get 2 FREE (select items), plus Free Shipping on $25+ Expires 12/31/2010
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Thursday, December 2, 2010
High jobless rate streak could break '80s record
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| Job Fair - photo: Mark Wilson/Getty |
USA TODAY
Not since the early 1980s has the nation's unemployment rate been so grim for so long, a government report due Friday is likely to show.
Many economists predict the report will say that November's jobless rate held steady at 9.6%, making it the 19th consecutive month that the unemployment rate was above 9%. That breaks the post-World War II record set in the 1980s recession.
The dubious milestone shows that even if job growth picks up as expected in coming months, progress will be slow, and it will take years to put a big dent in the unemployment rate.
Read Full Article
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Thursday, November 4, 2010
Applications for jobless aid rise sharply
Christopher S. Rugaber
Associated Press
WASHINGTON — The number of people seeking jobless benefits jumped sharply last week, after two straight weeks of declines.
The Labor Department said Thursday that initial claims for unemployment aid rose by 20,000 to a seasonally adjusted 457,000 for the week ending Oct. 30. Wall Street analysts polled by Thomson Reuters had expected a smaller rise.
The increase comes after claims fell in four of the previous five weeks. Those drops had brought claims to their lowest level since July and raised hopes the job market was improving.
Instead, claims have risen back above the 450,000 level they have fluctuated around all year. They will need to drop below 425,000 to signal sustained job gains.
The weekly applications for unemployment benefits are volatile, but are considered a real-time snapshot of the job market. They reflect the pace of layoffs and indicate whether companies are hiring.
The four-week average of claims, a less volatile measure, rose by 2,000 to 456,000.
Claims fell steadily last year, from about 600,000 in June 2009 when the recession ended to about 470,000 at the end of the year. There has been little improvement since then.
Read Full Article
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It is time to Wake Up! You too, can join the "Global Political Awakening"!
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Associated Press
WASHINGTON — The number of people seeking jobless benefits jumped sharply last week, after two straight weeks of declines.
The Labor Department said Thursday that initial claims for unemployment aid rose by 20,000 to a seasonally adjusted 457,000 for the week ending Oct. 30. Wall Street analysts polled by Thomson Reuters had expected a smaller rise.
The increase comes after claims fell in four of the previous five weeks. Those drops had brought claims to their lowest level since July and raised hopes the job market was improving.
Instead, claims have risen back above the 450,000 level they have fluctuated around all year. They will need to drop below 425,000 to signal sustained job gains.
The weekly applications for unemployment benefits are volatile, but are considered a real-time snapshot of the job market. They reflect the pace of layoffs and indicate whether companies are hiring.
The four-week average of claims, a less volatile measure, rose by 2,000 to 456,000.
Claims fell steadily last year, from about 600,000 in June 2009 when the recession ended to about 470,000 at the end of the year. There has been little improvement since then.
Read Full Article
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Saturday, October 30, 2010
Why Can't Chuck Get His Business Off The Ground?
Institute For Injustice
RELATED ARTICLE:
7 Mega-Cartels That Kill Free Markets and Our Sovereignty
An Ode to Entrepreneurs: Middle Class? Long Gone!
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It is time to Wake Up! You too, can join the "Global Political Awakening"!
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RELATED ARTICLE:
7 Mega-Cartels That Kill Free Markets and Our Sovereignty
An Ode to Entrepreneurs: Middle Class? Long Gone!
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Live Superfoods
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Wednesday, October 27, 2010
Amidst record unemployment, US companies hoard $1 trillion in cash
| Anthony Freda Illustration |
U.S. companies are hoarding almost $1 trillion in cash but are unlikely to spend on expanding their business and hiring new employees due to continuing uncertainty about the strength of the economy, Moody's Investors Service said on Tuesday.
As the economy stabilizes companies are also more likely to spend on share repurchases and mergers and acquisitions, Moody's added.
Companies cut costs, reduced investment in plants and equipment and downsized operations in order to boost cash holdings during the recession. As the corporate bond market reopened many companies also boosted cash levels by selling debt and refinancing near-term debt maturities.
The US unemployment rate, meanwhile, sits at a whopping 9.2 percent. (A graph of the unemployment rates state by state can be found here).
Nonfinancial U.S. companies are sitting on $943 billion of cash and short-term investments, as of mid-year 2010, compared with $775 billion at the end of 2008, Moody's said. This would be enough to cover a year's worth of capital spending and dividends and still have $121 billion left over, it said.
Read Full Article
RELATED ARTICLE:
CEOs Blame Consumer Class for Joblessness
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Sunday, October 17, 2010
The Fed's New Bubble Masquerading as a Jobs Program
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| Dees Illustration |
Huffington Post
The latest jobs bill coming out of Washington isn't really a bill at all. It's the Fed's attempt to keep long-term interest rates low by pumping even more money into the economy ("quantitative easing" in Fed-speak).
The idea is to buy up lots of Treasury bills and other long-term debt to reduce long-term interest rates. It's assumed that low long-term rates will push more businesses to expand capacity and hire workers; push the dollar downward and make American exports more competitive and therefore generate more jobs; and allow more Americans to refinance their homes at low rates, thereby giving them more cash to spend and thereby stimulate more jobs.
Problem is, it won't work. Businesses won't expand capacity and jobs because there aren't enough consumers to buy additional goods and services.
The dollar's drop won't spur more exports. It will fuel more competitive devaluations by other nations determined not to lose export shares to the US and thereby drive up their own unemployment.
Read Full Article
RELATED ARTICLE:
The After-the-Fed Solutions Debate Begins: Greenbackers Vs. Goldbugs
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