The US government disappeared almost a million jobseekers from the unemployment lists in the last two months to try to make the numbers look better. Still, fewer people have jobs now than when the stimulus began. Those workers with jobs earn less than they did then. And those who lose their jobs wait longer than ever to find a new one. Housing is sinking again, too.
July 12th, 2010 | Bill Bonner | 10 comments | ContinuedAll Posts Tagged With: "jobs"
Emerson Electric CEO David Farr Stated Jobs in the United States Are Being Destroyed
Late last year, David Farr shot off his mouth and made a lot of people mad. But the insights that spring from his candid comments could make a lot of other people rich. Including you.
May 19th, 2010 | Addison Wiggin | 3 comments | Continued
A Depression in Full Technicolor
As we’ve opined many times in the past, a depression is not just a time when people stand in line to get bowls of soup or sell apples on street corners. It’s a time of adjustment…when mistakes of the previous boom are corrected…
February 23rd, 2010 | Bill Bonner | 67 comments | Continued
Bubble Age Jobs Lost Because of Recession
Millions of people, for example, earned their money in ‘housing.’ They were putting up houses in the sand states…or building granite countertops…or selling, flipping, financing the houses.
October 7th, 2009 | Bill Bonner | 7 comments | Continued
The Pound is in Trouble
“Reason #3: Industrial production in the United Kingdom has maintained double-digit losses since January: -12.1%; February: -12.7%; March: – 12.6%; April: -12.4%; May: -11.9%; June: -11.1%. Without production, nothing sells. No sales.. no income. No income… no jobs.
August 31st, 2009 | Bill Bonner | 3 comments | Continued
Where, Exactly, is this Economy Headed?
Then, they said the numbers were getting better each month – inevitably leading to a recovery by the end of the year. They predicted a loss of 365,000 jobs in June – considerably fewer than in May. Instead, the figures – even after they had beaten them up – said 467,000 jobs had gone, which was considerably more than May’s figure.
July 6th, 2009 | Bill Bonner | 1 comment | Continued
Can a Consumer Economy Boom If Consumers Have Less Money?
Consumer Costs Fall Most in Six Decades,” reports Bloomberg. Europe is already in deflation. America is not far behind. We had a hard time following the Bloomberg report…
June 19th, 2009 | Bill Bonner | 2 comments | Continued
Feds’ Plan is to Reflate the Economy
For that, they need rising consumer prices. Consumers need to borrow…and spend. They’ll do so, say economists, when prices rise and their dollars lose value. So far, milk and potatoes aren’t cooperating.
June 1st, 2009 | Bill Bonner | 0 comments | Continued
The Most Foreboding Christmas Season in History
we can’t remember such a foreboding Christmas season. Factories all around the world are shutting down. People are losing their jobs. Banks are repossessing houses. Prices are being cut…
December 23rd, 2008 | Bill Bonner | 2 comments | Continued
