Archive for the ‘Business’ Category
Layoffs, Unemployment Rises
Some downturns only affect certain sectors (technology, for instance).  Others begin in one sector, and slowly creep into others, yet remain concentrated in that first sector. And yet others are broad, across-the-board recessions that leave no corner untouched. Â
That’s the kind we are in. Â From the WSJ:
“The pace at which this thing has spread geographically and [...]
Jobless Claims Rise to 589,000
From the WSJ:
Meanwhile, the number of U.S. workers filing new claims for state unemployment benefits soared last week to match the quarter-century high reached in December, suggesting layoffs continued unabated into the new year.
Initial claims for jobless benefits jumped 62,000 to 589,000 after seasonal adjustments in the week ended Jan. 17, the Labor Department said [...]
Small Business Slowdown
When we read about the current economic crisis on the news, we read about it through two lenses: large companies such as GM, Lehman, Wal-Mart, or the individual consumer. Â Yet in those stories, we are missing a significant part of the American economy: small businesses. This credit crisis is affecting them as much as their [...]
