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Bad times mean staying put. The percentage of people who changed residences between 2010 and 2011 ─ 11.6% ─ was the lowest recorded rate since 1948. when the U.S. Census Bureau began collecting statistics on the movement of people in the United States. The rate, which was 20.2% in 1985, declined to a then-record low of […]
Continue reading …In a grim analysis issued 1 Nov. 2011, the International Labour Organization (ILO) says the global economy is on the verge of a new and deeper jobs recession that will further delay the global economic recovery and may ignite more social unrest in scores of countries. “We have reached the moment of truth. We have […]
Continue reading …Unemployment is bad in many industrialized nations, but nowhere is as bad as South Africa. South Africa’s unemployment rate fell from 25.7% in the second quarter but the nation’s growth appears to be slowing, Statistics South Africa said in a report released in Pretoria. From Bloomberg: The median estimate of five analysts in a Bloomberg […]
Continue reading …The Conference Board Employment Trends Index decreased in September 2011 to 100.95, down from the revised figure of 101.37 in August. The September figure is up 4.4% from the same month a year ago. “Despite the somewhat better than expected employment numbers released on Friday, 07 Oct. 2011,the decline in the Employment Trends Index in […]
Continue reading …By Rep. Lloyd Doggett via Politico A recent bumper sticker captures it all: “Republicans 2012: Keeping millions out of work to put one man out of a job.” As the ranking member of the subcommittee charged with overseeing unemployment programs, I have experienced the Republicans’ failure to permit a vote on a single meaningful jobs […]
Continue reading …From Bloomberg News: Take-home pay and wages, adjusted for prices, fell 0.3 percent in August, the third decrease in five months, and personal income dropped for the first time in two years, the Commerce Department reported last week. The declines followed news from the Census Bureau that median household income in 2010 fell to $49,445, the lowest […]
Continue reading …The economy is showing clear signs that it is improving with manufacturing activity rising for the 26th consecutive month. Unfortunately it is improving very slowly as the 03 Oct 2011, Institute for Supply Management Report On Business report indicates. From the Institute for Supply Management: Economic activity in the manufacturing sector expanded in September for the 26th […]
Continue reading …Salaries for engineers are rising, despite the weak economy and a higher-than-normal of unemployment rate for this occupation, according to the IEEE-USA, a unit of the Institute of Electrical and Electronics Engineers. For all engineers, median income, including salary, commissions, bonuses and net self-employment income, increased from $113,500 in 2009 to $118,000 in 2010, or […]
Continue reading …By Braden Goyette ProPublica America’s Sputtering Economy, by the Numbers. With increasing signs that the economy is laboring [2], most economists agree that a short-term infusion of spending, or an extension of this year’s temporary cut in Social Security taxes, could help fend off a new downturn. But whatever one thinks of the debt deal […]
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