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11 hours ago ago from LATICONOMICS
Thanks for the November Jobs Report? Why employment is still lagging. JAMES SHERK REA S. HEDERMAN, JR. Heritage Foundation Today's jobs numbers, released the day after the White House jobs summit, show that Christmas has come early for many workers. Employers shed only 11,000 net jobs while the unemployment rate fell from 10.2 percent to 10.0 percent. While it is only a one-month snapshot, this report gives reason for optimism ...
Related contentFire! Prudent Money Market Outlook
20 hours ago ago from Prudent Money Market Outlook
December 8, 2009 by Bob Brooks Unemployment is mysteriously reporting only a loss of -11,000. Poof, just like that we transition from 100,000 and 200,000 plus jobs losses each month to just 11,000 without even a transition. The unemployment rate has come down from 10.2% to 10%. So what do these numbers really tell us about the economy? Really nothing… The unemployment rate has fallen in November two-thirds of the time over ...
Related contentThe Many Faces of Unemployment
5 hours ago ago from Traders Log
Last Friday we got word that the employment picture in the U.S. improved substantially over the month of November. According to the Labor Department, the nation shed 11,000 jobs, a mere fraction of the 130,000 economists were expecting. The news came as a shock to many. In fact, president Obama reportedly corrected his chief economic adviser when she first told him the news, saying You mean a one hundred and eleven thousand job loss? ...
Related contentNovember job numbers redux
22 hours ago ago from The Work Buzz
In another indicator that the economy is healing, November’s overall job loss numbers dropped by only -11,000 less than economists predicted. Additionally, October's job loss number was revised from -190,000 down to -111,000, and September was revised -219,000 down to -139,000. That's a sign things are headed in the right direction, but it may not be until late Q1 or early Q2 that the job numbers turn positive. Keep in mind that while ...
Related contentCan the federal government really create jobs?
5 hours ago ago from Atlas Shrugged Watch
The Obama Administration is out to create jobs. Let's not get our hopes up. The day before the Labor Department announced a second month of 10%-plus unemployment last week, the White House hosted a get-together to hear from executives, labor leaders and academics about how the Federal Government can jolt job growth. We're looking for fresh perspectives, the President said. I am open to every demonstrably good idea. That may sound ...
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Job openings edge down as employers hold back
2 hours ago ago from Good News Now
WASHINGTON -Layoffs may be slowing, but employers are hesitant to take the next step that is key to reducing the unemployment rate: hiring more workers. That is likely to keep the competition fierce for those openings that do exist. There were about 6.3 unemployed people, on average, for each job opening in October, according to Labor Department data released Tuesday. That's up from about 6.1 in September and compares with 1.7 jobless workers ...
Related contentJob openings dwindle
3 hours ago ago from CNN Money
Quick Vote How will the job situation look in six months? Easier to find a job Harder to find a job About the same Find a Job Find Jobs in NEW YORK (CNNMoney.com) -- Job openings fell and layoffs rose in October, according to a government report released Tuesday. Job seekers still outnumber openings by more than six to one, the ...
Related contentLocal blog site Outside.in nabs $7 million
1 hour, 18 minutes ago ago from BloggingStocks
The local newspaper is quickly becoming an endangered species. But this does not mean the business is going away -- instead, it is changing its form. It's turning into a network of blogs. One of the leaders is Outside.in , which raised a Series B round of $7 million this week. The investors include Union Square Ventures, Village Ventures, Betaworks, the New York City Investment Fund, Milestone Venture Partners and even CNN Worldwide. ...
Related contentBe sweet and help Saks raise money for St. Jude Hospital | detnews.com | The Detroit News
15 hours ago ago from Detroit News
Archive: Tue | Wed | Thu | Fri | Sat | Sun | Mon | Today Last Updated: December 08. 2009 1:00AM Be sweet and help Saks raise money for St. Jude Hospital Alesia Cooper / The Detroit News Saks Fifth Avenue is encouraging the spirit of giving this ...
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