Articles About Unemployment Rate

Author:
Tom Silva
Posted:
10.29.2012

The Truth About Those Unemployment Numbers

The nation’s unemployment rate fell to 7.8 percent in September, the lowest level reported since January of 2009.  That is a 0.4 percent decline from the 8.1 percent reported for the previous month, yet represents a slight hiring slowdown after the Department of Labor revised the July and August numbers upwards by 86,000.  A total […]

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Author:
Tom Silva
Posted:
07.16.2012

June 2012: Jobs Fizzle

80,000 was the number. 200,000 is what we need for this to feel like a recovery. And 8.2 is the number that keeps hanging on.  The nation’s unemployment rate was unchanged at 8.2% (that’s 13 million unemployed workers) for the second consecutive month, the Labor Department said Friday.  Businesses added just 84,000 jobs, while governments […]

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Author:
Tom Silva
Posted:
06.19.2012

Median Family Wealth Slid 40 Percent During Recession

While the American public was bailing out Wall Street, those same taxpayers saw their families’ net worth decline by nearly 40 percent. The recession took roughly 20 years of Americans’ wealth, according to government data, with middle-class families faring the worst.  According to the Federal Reserve, the median net worth of families plummeted by 39 […]

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Author:
Mike Ochs
Posted:
05.14.2012

House Prices At 2002 Levels

The S&P/Case-Shiller home price index of 20 cities revealed a 3.5 percent decline when compared with last year.  Home prices are now at their lowest levels since November 2002.  “Nine (housing markets) hit post-bubble lows,” said David Blitzer, spokesman for S&P, including Atlanta, Charlotte, Chicago, Las Vegas and New York.  “While there might be pieces […]

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Author:
Tom Silva
Posted:
02.22.2012

Bernanke Defends Fed Policy on Job Growth, Inflation

Although the economy has improved in the past year, Federal Reserve Chairman Ben Bernanke told lawmakers that they still must cut the growing budget deficit.  “We still have a long way to go before the labor market can be said to be operating normally,” Bernanke said in testimony to the Senate Budget Committee.  “Particularly troubling […]

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Author:
Tom Silva
Posted:
01.16.2012

Santa Brings More Than 200,000 New Jobs in December

The United States added more than 200,000 jobs in December of 2011, building on a strengthening employment market that dominated the second half of the year.  This brought the unemployment rate down to 8.5 percent from the revised 8.7 percent, which had been predicted in November.  The primary growth was in transportation — primarily courier […]

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Author:
Tom Silva
Posted:
01.11.2012

Job Creation Strengthens, But Unemployment Increases?

American companies added 244,000 jobs to the economy in April, the fastest pace in five years.  In an ironic twist, however, the unemployment rate climbed to nine percent, according to the Department of Labor.  The unemployment rate fell to 8.8 percent in March after dropping continuously since November’s rate of 9.8 percent rate. Economists had […]

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Author:
James I. Clark III
Posted:

Economic Indicators Showing Signs of Life

Leading economic indicators (LEI) rose 0.9 percent in October, a sign that the U.S. economy is likely to see accelerated growth and not slip into a feared double-dip recession.  According to The Conference Board, its index of leading economic indicators rose significantly faster than the revised 0.1 percent rise in September and the 0.3 percent […]

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Author:
Tom Silva
Posted:
11.30.2011

Companies Are Stocking Up on Durable Goods

American companies ordered more heavy machinery, computers and other long-lasting manufactured goods in September, an encouraging sign for the shaky economy.  The increase in demand for these durable goods suggests businesses are staying with investment plans, despite slow growth and a lack of consumer confidence. Durable goods are products expected to last a minimum of […]

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Author:
Tom Silva
Posted:
11.02.2011

Companies Are Stocking Up on Durable Goods

American companies ordered more heavy machinery, computers and other long-lasting manufactured goods in September, an encouraging sign for the shaky economy.  The increase in demand for these durable goods suggests businesses are staying with investment plans, despite slow growth and a lack of consumer confidence. Durable goods are products expected to last a minimum of […]

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