economy

Posted Wed, 09/23/2009 - 14:30 by chuck

Great News: March Jobs Report Shows Growth!

Posted Fri, 04/02/2010 - 09:07 by chuck

According to the March jobs report released by the U.S. Department of Labor, the economy added more jobs (162,000) in March than in any other month for the past three years. This is only small progress since the economy needs to add 70 times that many jobs just to get back to where we were in 2007, but it is a huge step in the right direction. If this continues for a few more months, I will be prepared to say that the recession is over (even though a lot of folks will still be out of work for a while).

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New York Times Blows the Lid off Distortions in Economic Statistics!

Posted Mon, 11/09/2009 - 11:53 by chuck

It's about time somebody told the truth about this charade. READ THIS!

The nation's economists, including those at the BLS, Fed, and BEA, have been distorting the state of the nation's economic health, skewing it upward. Anybody who reads this blog or lives in the real world already knew that.

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What Does the Falling Dollar Mean for the Unemployed?

Posted Tue, 10/27/2009 - 10:31 by chuck

Those who have lacked dollars over the past months and year may not have been paying attention to the global currency markets. Having been paying attention makes me an exception, I guess.

In case you had not heard, the dollar has been plummeting in value of late. This is a natural response to the massive debt the federal government has run up in the past year -- a trillion or so for war, a trillion-plus for the financial bailouts, $350 billion for the stimulus package. Pretty soon you're talking about real money... and printing essentially fake money.

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Report: Sacramento Unemployment Will Rise Until 2011

Posted Wed, 09/23/2009 - 15:03 by chuck

Location

Sacramento, CA
United States

Sacramento California unemployment

A report released by the University of the Pacific today projects a gloomy medium-term economic future for the Sacramento area. According to the report, the unemployment rate in the area will continue to rise for at least another year. Reasons cited include the slump in construction and a general inertial slowdown in the economy, including a decline in personal income this year.

"Although the recession is technically ending, we expect a slow and sluggish recovery that will not feel like a recovery, at least in California, for at least a year," said a spokesperson at the University of the Pacific's Business Forecasting Center. (This fledgling reporter apologizes for not getting the person's name.)

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