Modernomics* – Daily Writings on Technology
a site by Erik T. Kaiser, Design Technologist
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 [...]
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Dow turns positive for ’09 – Wall Street ends a mixed week little changed, but investors manage to push the blue-chip average into the plus column for the year. [Via CNN Money] Europe Lags as U.S. Economy Shows Signs of Recovery — There was more evidence Thursday that the United States economy might be stabilizing, [...]
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“The Storm Is Not Over, Not By A Long Shot” An oped this week in The New York Times, talks about the economic situation, and asks a couple of really intriguing questions. The writers, one a broker, the other a retired Wall Street banker, question the simplified PR campaign of the current Administration that hinges [...]
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The recession has led to steep job losses across the U.S. work force, but less-educated people have been hit particularly hard. The unemployment rate for workers over 25 years old who haven’t gone beyond high school rose to 10% in May, nearly doubling from 5.2% a year earlier, the government said Friday. Among workers who [...]
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