It should be noted that unemployment “stabilized” in November and if the trend continues, we should see the rebound starting to take place. Lawrence H. Summers, President Obama’s top economic advisor, predicted on Sunday that by the spring the ranks of working Americans will start to grow once again. via Summers Predicts Job Growth by [...]
Job Drought in U.S. May Be Near End as Temporary Help, Working Hours Surge — The worst U.S. employment slump in the post-World War II era may be about to end as companies hasten to hire temporary workers and boost hours, according to economists such as John Ryding and Zach Pandl. [Bloomberg] G.E. Makes It [...]
It’s not just family and friends that Americans are turning to for advice and support to cope with the prolonged recession; many have found a counselor in the Internet. More than two-thirds of American adults — or 88 percent of U.S. Internet users — went online for help with recession-induced personal economic issues and to [...]
Unemployment for 16- to 19-year-olds is at its highest rate since 1992 — at 22.7 percent in May, according to the Bureau of Labor Statistics. That is causing some teenagers to rethink their notion of work and to embrace entrepreneurship. “This is a generation raised to believe they can do anything, and the first to [...]
by Erik on July 3, 2009
in Alternative Energy,Asia,Business Logic,Economy,Green Tech,IBM,Jobs,Markets,New Tech,Obama,Recession,Technology,Unemployment,Weekly Roundup
For Modest Earners, Relief Repaying Student Loans – Repaying a student loan could soon be a little less painful. Starting this week, anyone with a federal student loan can apply for a program, run by the Department of Education, that caps monthly payments based on income, and forgives remaining balances after 25 years. Those choosing [...]
Really interesting article from Deloitte’s Lang Davison about the “problem” with traditional business metrics. Relates back to the Shift Index I spoke about earlier. During a steep recession, managers obsess over short-term performance goals such as cost cutting, sales, and market share growth. Meanwhile, economists chart data like GDP growth, unemployment levels, and balance-of-trade shifts [...]
Software as a service (SaaS) could be the panacea for smaller business, according to research published today. Investing more in software as a service (SaaS) and enterprise resource planning (ERP) could help smaller businesses lower their operating costs and help them grow in spite of the recession. So claims a report released today by Ardent [...]
Opening Day: The iPhone 3G S – Hollywood has its red-carpet premieres. The NFL has the opening kickoff celebration. For technology fans, Apple’s rollout of its latest devices are as good as it gets. Tech Recruiting Clashes With Immigration Rules – Half of the engineers working in Silicon Valley were born overseas. Tech Payoff for [...]
A cautious forecast from FedEx Corp. and a downgrade of 18 banks from a credit rating agency are giving investors new reasons to worry about the economy. Stocks fluctuated Wednesday after FedEx issued a weak profit forecast and downbeat comments about the economy. Analysts look to shipping companies’ business as a gauge of the economy’s [...]
At the start of the recession in December 2007, there were 4.4 million job openings, but that number has declined dramatically. This morning’s data release by the Bureau of Labor Statistics shows that in April job openings declined 102,000 to 2.5 million, a drop of over 42% since the start of the recession. Although employment [...]