Unemployment

Summers Predicts Job Growth by Spring

by Erik on December 13, 2009

in Information,Jobs,Markets,Recession,Uncertainty,Unemployment

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 [...]

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Teenage Entrepreneurs, Building Their Own Job Engine

by Erik on July 6, 2009

in Economy,Entrepreneurship,Jobs,Recession,Unemployment

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 [...]

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Weekly Round Up

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 [...]

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The Big Shift: Measuring the Forces of Change

by Erik on June 30, 2009

in Business Metrics,Deloitte,Recession,Uncertainty

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 [...]

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Weekly Roundup

by Erik on June 20, 2009

in Economy,New Tech,Recession,Technology,Unemployment,Weekly Roundup

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 [...]

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Less than one job opening for every five job seekers

by Erik on June 17, 2009

in Economy,Recession,Unemployment

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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Investors, Mindful of Negative Data, Sell Holdings

by Erik on June 17, 2009

in Economy,Markets,Recession

Worry About Rebound Lowers Stocks Investors continued to sell off stocks on Tuesday, as commodity prices fell and new economic data dashed hopes for an imminent rebound. New figures showing a 1.1 percent decline in industrial production reinforced that view, and blunted the impact of other, more positive economic numbers. “You have a one-two punch [...]

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The Less Educated Take the Worst Hit

by Erik on June 10, 2009

in Education,Unemployment

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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