268,00 new jobs were added last month. 62,000 of those jobs, almost 1/4, were from McDonald’s. McDonald’s was one of several large companies to receive a waiver from the new health insurance requirements. Being careful not to draw too tight
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For over a year economists I respect claimed this economy has hit bottom and is slowly recovering. Yet long after the bottom is in we see unemployment anemic and even increasing. While a recovery in employment does lag the economic
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In December of last year I posted at this blog The Second Wave of Unemployment. An excerpt from that post: Those of us who took a wait and see approach will generate another wave of layoffs. It will not be
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By pushing more people into housing through incentives the Federal government may be aggravating the unemployment problem. In good markets housing is illiquid. In a real estate depression a house is like a heavy anchor. The inability to be mobile
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Economists are realizing that each successive recession and recovery takes longer to regain the employment level before the contraction. The depth of the recession may have something to do with this and the perception of the recession may also have
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From Thomas Sowell’s Intellectuals and Society “In short, many things that the Federal Reserve, Congress and the two Presidents did (during the market crash of 1929) were counterproductive. Given these multiple failures of government policy, it is by no means
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The biggest risk the Democrats take on the comprehensive approach to health care is that they will find it much harder to use the health insurance companies as the demon to unite their troops. They may try to continue to
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Economic growth hit 5.7% in the last quarter of ’09. We should be hitting a rebound at this point in the cycle, but Wall Street is still in the midst of a losing streak. What gives? First, it is always
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Team Obama has missed the reason for high unemployment and slow growth in spite of low interest rates and seemingly endless stimulus. In the Wall Street Journal Gary Becker, Steven Davis and Kevin Murphy writes “Uncertainty and the Slow Recovery”.
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This has become one of my favorite features on one of my favorite sites. Randall Hoven’s Graph of the Day at American Thinker Hoven notes: In ther last decade we have LOST 1,489,000 jobs in the private sector (non farm)
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In the American Metal Market magazine Commercial Metals Company’s (CMC) metal fabrication division noted a drop in earnings to a $’17.3 million LOSS in the most recent fiscal quarter (three months ending Nov 30) from a profit of $66.6 million
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Recent postings on the growing spread between private sector and government sector employment elicited some protest, many who claimed that most government workers could make more in the private sector. This is true for some. Many of the people who
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from Randall Hoven at American Thinker Manufacturing Jobs Government jobs
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A friend raised this question in conversation. If job losses are causing record unemployment, are the unemployment numbers actually worse due to the effect of illegal immigerants? Since many of these workers did not show up in the employment numbers
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One of my colleagues in the steel business has closed his business. Like our business his was started by his father in 1955. Ours was started in 1956. He had about the same number of employees (70) a year ago
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For the first time in my working career I laid of three people in one day. Over the last year we have laid off about 20% of our whole work force. We have ceased matching the workers 401k plans for
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