Archive for economy SmartBlogs
As Barack Obama begins his second term as the 44th president of the United States, the economy is better than it was in January 2009 at the start of his first term. But what is the state of the U.S. economy? And how might it look in the future? This post looks at some of the key economic and demographic indicators by location.[…] Continue Reading »
Six years of recession in the U.S. has cut a $1.2 trillion-a-year construction industry into one that is worth about $800 billion a year. It also chopped more than 2 million jobs from the industry, according to data from the Associated General Contractors of America. However, a survey by AGC and co-sponsored by Computer Guidance leads AGC to look at 2013 as a potential turning point with tentative signs of recovery.[…] Continue Reading »
Jobs, jobs, jobs. Sometimes it seems like jobs are all President Barack Obama and Republican challenger Mitt Romney want to talk about. Reported monthly, the national unemployment rate is a piece of data most voters can comprehend and, as always, the question voters are being asked is whether they are better off now than the were four years ago.[…] Continue Reading »
The majority of investment professionals think the presidential election will affect both the U.S. and global economic recovery, the CFA Institute reported in a recent survey. According to the results, 80% of the more than 2,600 members who responded think the outcome of the election will affect the U.S. recovery, while 63% of respondents said they think the election will affect the global economic recovery.[…] Continue Reading »
Horrible! That is the most accurate word that I can find to describe Friday’s employment report. The 69,000 jobs created in May as measured by the Establishment Survey shows the economy at stall speed because methodology used by the Bureau of Labor Statistics has a +50,000 upward bias to it.
The official (U-3) unemployment rate rose to 8.2%, from 8.1%, because labor-force participation — the denominator in the equation — rose by 422,000.[…] Continue Reading »