Brush away all the rhetoric, all the vitriol, all the divisiveness from the presidential campaign. To most Americans, only one thing matters — the economy.
Four years into Barack Obama’s presidency, economic growth is sputtering. Family incomes are down. Poverty is up. Business owners are reluctant to assume risk in the face of unending uncertainty. Many are holding on by their fingernails, desperate for signs of an economic recovery that will help [...]
Mortimer Zuckerman: Those Jobless Numbers Are Even Worse Than They Look
Still above 8%—and closer to 19% in a truer accounting. Here’s a plan for improvement.
Don’t be fooled by the headline unemployment number of 8.1% announced on Friday. The reason the number dropped to 8.1% from 8.3% in July was not because more jobs were created, but because more people quit looking for work.
The number for August reflects only people who [...]
A record 46.7 million Americans received food stamps in June, up 0.4 percent from the previous month, the government said.
Participation was 3.3 percent higher than a year earlier and has remained higher than 46 million all year as the unemployment rate has stagnated just above 8 percent. New jobless numbers will be released Sept. 7.
“Unemployment is stubbornly stuck,” making it difficult to significantly reduce the number of food-stamp recipients, Agriculture Secretary Tom Vilsack [...]
Angela Merkel Stands Firm On Greece At G8 Talks After inconclusive discussions, leaders issue communique saying ‘the right measures are not the same for each of us’
Patrick Wintour 20 May 2012
Angela Merkel has declined to shift position on fresh measures to stimulate demand in the euro area, including the idea of eurobonds, leaving other EU countries hoping she will adopt a more conciliatory mood when the EU heads of government [...]
“If we had the same level of participation in the labor force we had the day Obama was sworn in, it would be 10.8 percent,” Gingrich said, disputing the calculation..that unemployment hovered at 8.3 percent for a second straight month.
… in front of an oil rig with a message for the White House: “I just wanted to point out Mr. President that this is how they get natural gas. This [...]
On Friday December 3, 2010, 3:42 pm
Pay no attention to those 15.1 million unemployed people-Wall Street instead is more focused on the man behind the Fed curtain and what he’ll be doing to fire up the equity markets.
Friday’s significantly disappointing jobs report, which under normal circumstances would have sparked a significant selloff in the stock market, instead was greeted only with more expectations that [...]
* The Wall Street Journal
* JULY 23, 2010
By PAUL GODEK
In terms of employment, how bad is this recession? Last month’s unemployment rate was 9.5%, according to the Bureau of Labor Statistics (BLS). But the jobs picture is even worse than that rate suggests.
The BLS defines the jobless rate as the number of unemployed as a fraction of the labor force. If one person in a labor force of 10 [...]
I’m watching consumer sentiment closely, and it has turned down hard even in highly conflicted surveys like U Michigan which is now synching up with the ABC poll which has been stuck in deep negative numbers all along. Consumers know about the REAL jobless numbers, despite all the self serving BS being spewed out by our government fudge makers. We know about housing now that the industry is clearly in [...]