Archive for the ‘jobs’ tag
651,000 Job Losses in February
The Bureau of Labor Statistics released the payroll report for February: 651,000 job losses in February, bringing the unemployment rate to 8.1%. According to the Bureau, the job losses cut across virtually every sector of the economy:
The number of unemployed persons increased by 851,000 to 12.5 million in
February, and the unemployment rate rose to 8.1 [...]
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 [...]
How to time a recession
We’re almost certainly in a recession, and it is shaping up to be one of the worst in years (certainly the worst in my lifetime). So every economist, money manager, investor, and consumer is now trying to prognosticate what will happen next. When will we have reached the bottom of this recession and begin the [...]
