Friday, March 12, 2010

Roubini: Hunker Down for More Job Losses

February 15, 2010 by Editor · Leave a Comment 

Think the worst is over? Wrong. Conditions in the U.S. labor markets are awful and worsening. We can expect that job losses will continue until the end of 2010 at the earliest. In other words, if you are unemployed and looking for work and just waiting for the economy to turn the corner, you had better hunker down. All the economic numbers suggest this will take a while. The jobs just are not coming back. Words: 536




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10 Signs it’s Time to Change Jobs

February 5, 2010 by Editor · Leave a Comment 

Most everyone hopes their current job will lead to bigger and better positions but if, along the way, you experience any one of the ten signs discussed in this article then it’s time to look elsewhere for such opportunities. Words: 710




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Substantial Job Growth Needed to End Recession

January 22, 2010 by Editor · Leave a Comment 

The December jobs report (unemployment rate of 10%) has doused the hope that we were at the beginning of a sustained economic recovery. Unemployment, in short, has graduated from being a difficulty, a worry, to a catastrophe, with some 15.3 million Americans out of work. Words: 1039




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Reich: Unsatisfactory Jobs Market Could Continue for Another 10 Years!

Reich: Unsatisfactory Jobs Market Could Continue for Another 10 Years!

January 10, 2010 by Editor · Leave a Comment 

My biggest fear for the economy is continued high joblessness, which creates a vicious cycle. People don’t have enough money to buy because they feel that their jobs are precarious and they must save, or they quite literally don’t have enough money. That leads to more layoffs because businesses can’t continue to pay people if there are no customers. Those additional layoffs, of course, lead to greater fears and less capacity to buy. We end up in a double-dip, a return to deep recession. Words: 579

Come On! What Recovery?

January 7, 2010 by Editor · 1 Comment 

Robust economies utilize all spare capacity, or restructure it for better use. Having 17% of our able-bodied population sitting at home or working part-time at Cinnabon indicates that our present policies are weakening the economy — even if GDP is growing. There is no “jobless recovery,” only senseless cheerleading. Words: 620