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07 May 2010 10:23

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Biz: Jobs: Employers are hiring, but more people are looking

  • 290,000new jobs in April, way more than
    expected and the best month for
    employment in four years
  • 9.9%the current unemployment rate,
    higher than last month because more
    people are looking for work source
Posted by Ernie Smith • 0 Comments • Permalink

30 Apr 2010 09:24

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Biz: Consumers driving gross domestic product’s improvement

  • 3.2% the increase in gross domestic product this quarter – good, but smaller than expected
  • 2.55% of that growth came from
    consumer spending – the largest boost since 2006 source
Posted by Ernie Smith • 0 Comments • Permalink

18 Apr 2010 11:17

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Biz: Banks still full of failure nearly five months into 2010

  • eight banks were seized on Friday, bringing the total up to 51 this year
  • 9% of all U.S. banks are listed by the FDIC as “troubled banks” source
Posted by Ernie Smith • 0 Comments • Permalink

16 Apr 2010 11:18

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Biz: Goldman Sachs’ stocks look like a waterfall this morning

Posted by Ernie Smith • 0 Comments • Permalink

15 Apr 2010 10:40

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Biz: Fortune 500: Huge profits go hand-in-hand with record layoffs

  • $391
    billion     size of the collective profits the Fortune 500 had last year
  • 821,000
    positions     number of jobs they had to cut to ensure that huge profit source
Posted by Ernie Smith • 0 Comments • Permalink

12 Apr 2010 21:28

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Biz: The stock market reached the other end of the inverted bell curve today

  • 11,005 the closing price of the Dow Jones Industrial today, a new peak in a long rebound from the recession
  • 11,143 the closing price on Sept. 26, 2008 – the last time it ended above 11,000 (we blame Lehman Bros.) source
Posted by Ernie Smith • 0 Comments • Permalink

12 Apr 2010 09:29

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Biz: Is unemployment higher because unemployment’s easier?

  • 44% of unemployed Americans have been jobless for six months or longer
  • 26% of those unemployed in the early ’80s recession could say the same source
  • » What’s the difference?: According to The Daily Beast, the reason for this has a lot to do with the changing nature of unemployment. Among other things, there are more two-income homes than in the early ’80s. On top of that, it’s easier to get unemployment now than it was 30 years ago – per-capita spending for the jobless has increased 77 percent. While it’s no walk in the park, obviously, it’s clearly not the same situation as it used to be.
Posted by Ernie Smith • 0 Comments • Permalink
 

02 Apr 2010 11:05

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Biz: The big flop: The Census isn’t creating the jobs it should

  • 600,000 Census jobs should be created, including 100,000 in March
  • 48,000 have been hired so far, which was far below estimates source
Posted by Ernie Smith • 0 Comments • Permalink

02 Apr 2010 10:49

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Biz: The jobless rate stayed flat, but companies are hiring again; yes!

  • 9.7% the current unemployment rate, which is unchanged from February
  • 162k the number of jobs created in March, which is good, but below estimates
  • 6.5M the number of people unemployed six months or more, which is a record source
Posted by Ernie Smith • 0 Comments • Permalink

26 Mar 2010 23:35

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Biz: The U.S. could make bank by selling their Citibank bailout stake

  • 27%
    stake     the share of bailed-out Citibank the government currently owns
  • $8
    billion     amount they’d make on their investment if they sold today source
Posted by Ernie Smith • 0 Comments • Permalink
 
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