The Bureau of Labor Statistics released its latest numbers – the unemployment rate fell a whopping one-tenth of a percentage point, from 8.2 in March to 8.1 in April. While some (particularly people who are running for re-election) may see this as a promising path to a rate that falls well below 8 percent by [...]
How is this for economic recovery…the latest Gallup poll shows that not only is the unemployment rate for Februrary up to 9.1 percent (from 8.6 percent in January), but the “underemployment” rate is at 10 percent. This includes people are working part-time but would prefer a full-time job. Perhaps the Occupy protestors who are villifying [...]
Multi-national firms are often the target of accusation when it comes to the loss of American jobs. The prevailing thought over the past four years and beyond has been that greed has driven firms across the Pacific for cheaper labor and that somehow these firms need to be punished. But this blog post is about [...]
The president recently spoke to a group of UPS workers in Nevada, where he expressed his wants and desires for the economy. Referring to his SOTU speech, he told the crowd, “…where we’re making stuff and selling stuff and moving it around and UPS drivers are dropping things off everywhere.” Last time I checked our [...]
I watched last night’s State of the Union address in hopeful anticipation that all taxpayers, from individuals to small business owners to multinational corporations, could look forward to a fairer, more simplified system. No such luck. Much of the speech was spent pointing out who or what is to blame for the sluggish economy, income [...]
Here we go again…beginning January 1, 2012, eight states raised their minimum wage. The way news articles have hyped this, one would think that somehow raising the wage another 30 cents is going to catapult the bottom 99 percent into the top 1 percent. According to the Huffington Post “the new rates will translate into hundreds [...]
If Black Friday was last week, “gray Friday” is today. The news is that unemployment dropped to 8.6 percent in November, from 9 percent the month before. Sounds promising. What happened? Could it reflect the gainful seasonal employment of department store Santas? Not exactly. While 120,000 jobs were added last month, 315,000 people gave up [...]