Originally posted on CNN

 

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Stocks ended little changed Friday, as investors welcomed a report that showed a surprise rise in retail sales, but showed caution as  Read More →

In an excellent story in today’s Courant, staff reporter Mara Lee explores the disincentive that the unemployed have to find work as they are penalized for taking temporary jobs that pay less than the jobs they lost inititially. The story also explains how legislation pending in Congress will fix the problem along with stories from  Read More →

As per the latest reports, there have been signs of recovery in the economy of Pennsylvania. The state has gained about 34,000 jobs in the month of april, the highest since February, 1996. For this, Rendell credited $2.2 billion in federal stimulus money for creating jobs in the construction and the manufacturing sectors for highways and No related... 

The unemployment report is out for August and there isn’t good news.  The unemployment rate was 9.6% in August, with non-farm payroll employment losing 54,000 jobs and government jobs down 114,000 for a net gain of 67,000 jobs.  … Read Full Post  Read More →

There is good job market news to report for January and February.   TweetMyJOBS  reports that the site featured 1.2 million Twitter job postings in the last 30 days with postings for more than  7,000 companies. The February 2010 CareerCast.com/JobSerf Employment Index , which measures managerial recruitment activity online, also showed  growth... 

The recession killed off 7.9 million jobs. It’s increasingly likely that many will never come back.  Read More →

The unemployment rate dropped slightly, from 10% to 9.7%, in January, with non-farm payroll employment losing 20,000 jobs. The number of long-term unemployed (those jobless for 27 weeks and over) continued to increase in January, reaching 6.3 million. In addition, the job market remains really competitive with over 6 unemployed workers for every... 

The bill signed Friday by President Obama providing $600 million to help secure the U.S.-Mexico border will add 1,500 government jobs and give a modest boost to the hard-hit regional economy.  Read More →

  The credit scores of millions more Americans are sinking to new lows according to a CNBC report. “Figures provided by FICO Inc. show that 25.5 percent of consumers — nearly 43.4 million people — now have a credit score of 599 or below, marking them as poor risks for lenders. It’s unlikely they will be  Read More →

A wave of disappointing economic reports has revived fears that the recovery is unsustainable, upping the ante for this week’s batch of economic news, including the big February jobs report Friday.  Read More →

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