Weekly Report for June 7th, 2010
June 7, 2010 by Pete Mitchell
Filed under All Posts, Weekly Updates
Jobless rate ticks down 0.2%. The news didn’t impress Wall Street: while May’s unemployment rate fell to 9.7% and the economy added 431,000 jobs, 390,000 of them represented temporary U.S. Census Bureau hires. Still, the number was better than the 9.8% reading economists expected.1
Weekly Update for May 10, 2010
May 10, 2010 by Pete Mitchell
Filed under All Posts, Weekly Updates
Quote of the week. “You’re born an original. Don’t die a copy.”– John Mason
March 8, 2010 Weekly Economic Update by Pete Mitchell
March 7, 2010 by Pete Mitchell
Filed under All Posts, Weekly Updates
The Labor Department reported only 36,000 net job losses last month, so the jobless rate was flat for February, unless you were one of the 36,000 that lost their job, then it was pretty close to 100%. Economists had widely assumed the unemployment rate would inch upward due to winter weather affecting construction and retail industries.1 As I’ve been saying for a while, we are not out of this, not even close.
