5Vote!
SeekingAlpha.com (Free subscription) | 11/20/2009
The Macro Trader submits: We have heard about the so called economic recovery for months now and while it is true that markets are higher we have our doubts that any of this optimism is seeping into the real economy. Because of this we tend to believe that we are headed for a double dip recession, assuming that we ever got out of the first one. Lately we have started to see renewed signs of a downturn...
5Vote!
PR News Wire (Free subscription) | 11/19/2009
Urges Senate to Pass Job-Creating Bill, Announces $11 Billion in Grants to Train Workers, Improve Business Competitiveness
5Vote!
PR News Wire (Free subscription) | 11/19/2009
HARRISBURG, Pa., Nov. 19 /PRNewswire-USNewswire/ -- Pennsylvania's seasonally adjusted civilian labor force - the number of people working or looking for work - fell by 27,000 in October to 6,340,000. Resident employment was down 29,000 in October, while resident unemployment was up 2,000 over the month. The Pennsylvania labor force was down 95,000 over the year.
6Vote!
PR News Wire (Free subscription) | 11/19/2009
ADA, Okla., Nov. 19 /PRNewswire/ -- As the foreclosure crisis in the U.S. expands, along with a rising unemployment rate now at 10 percent, one thing has become all too clear: homeowners who are in danger of losing their homes to foreclosure need access to affordable professional legal services. Yet, at the time that many homeowners most need legal counsel, to understand their rights, obligations and...
3Vote!
The Register (Free subscription) | 11/17/2009
Too much coffee, too little exercise Personal training outfit Fat Free Fitness has shockingly revealed that the UK's IT workers top the nation's inertia league - drinking too much coffee and doing way too little exercise.… What is your recession sales strategy?
5Vote!
BloggingStocks (Free subscription) | 11/16/2009
Filed under: India , China , Brazil Now that it's reached 10.2%, the unemployment rate is higher than it's been in 26 years. That puts plenty of people on the hunt for work, especially since the unemployment rate doesn't reflect everyone who's been affected by the recession, such as those who have been unemployed too long or who are underemployed . Lacking alternatives at home, more Americans are...
4Vote!
Market Watch (Free subscription) | 11/16/2009
NEW YORK (MarketWatch) - The U.S. economy still faces considerable challenges, but the most likely outcome is moderate economic growth with subdued inflation, Federal Reserve Chairman Ben Bernanke said Monday. "I expect moderate economic growth to continue next year," Bernanke said in remarks to the Economic Club of New York. "Final demand shows signs of strengthening, supported by...
5Vote!
SeekingAlpha.com (Free subscription) | 11/16/2009
Data released Friday confirmed that the Eurozone, as well as the U.S. (+3.5% q/q annualized) and China (+8.9% y/y), joined the global recovery in the third quarter. In line with the improvement recorded in industrial production, Eurozone GDP grew 0.4% q/q, only slightly lower than the +0.5% q/q expected by the consensus. German GDP, +0.7%, came in substantially in line with market expectations, while...
12Vote!
The Business Insider (Free subscription) | 11/16/2009
The entire world is now pestering China over its currency policies, specifically its decision to peg the yuan at an artificially low level, rather than let it float higher. The latest is Ambrose Evans-Prichard at UK's The Telegraph , who basically accuses the country of playing havoc with the world economy and "exporting overcapacity to the rest of us on a grand scale." By holding the yuan...
5Vote!
SeekingAlpha.com (Free subscription) | 11/16/2009
Edward Harrison submits: An article in the National Post suggests General Motors may look to divert some of its bailout money to Europe in the wake of a chill in German government support for subsidies. Talk of using taxpayer money to benefit workers in other countries is sure to raise ire, especially in the United States where the unemployment rate has hit double-digit levels. When General Motors...
7Vote!
USA Today (Free subscription) | 11/16/2009
With the nation's unemployment rate at a 26-year-high of 10.2%, more Americans are hunting for, and landing, work overseas.
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BloggingStocks (Free subscription) | 11/15/2009
Filed under: Marketing and advertising , Small business In any recession, customers get stingy. It's natural. But is there something different this time; that is, are customers becoming long-term frugal? Perhaps. With an unemployment rate at 10.2%, it will likely take several years for it to get to normal levels. What's more, consumers are saddled with debt and have experienced drastic reductions...
6Vote!
SeekingAlpha.com (Free subscription) | 11/15/2009
The LFB submits: The labor market has been one of the hardest hits sectors of the real economy during the credit crisis, with the same trend being seen in most of the developed economies. The history of labor reporting indicates that employment is a lagging indicator of economic health, where the slack in an economy has to be absorbed before growth then leads to hiring. With that accepted, there is...
5Vote!
Dollars & Sense blog (Free subscription) | 11/13/2009
From the fantastic Yves Smith at Naked Capitalism : Krugman on the Need for Jobs Policies Paul Krugman has a good op-ed tonight on how Germany has fared versus the US in the global financial crisis. Recall that there was much hectoring of Germany early on, for its failure to enact stimulus programs. German readers were puzzled, since Germany has a lot of social safety nets that serve as automatic counter-cyclical...
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The Glittering Eye (Free subscription) | 11/13/2009
I agree with Paul Krugman that we can learn something from Germany: Consider, for a moment, a tale of two countries. Both have suffered a severe recession and lost jobs as a result — but not on the same scale. In Country A, employment has fallen more than 5 percent, and the unemployment rate has more [...]
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