Every month, the Bureau of Labor Statistics releases information regarding the jobs numbers, which shows how the underlying economy is performing. Also called nonfarm payrolls, since they do not include farm-related employment, the jobs numbers are one of the most important data sets for trying to understand the strength or weakness of an economy. If the jobs numbers are improving, this means more people are being employed and the economy is gaining strength. If the jobs numbers are weakening, or there are outright job losses, this is an extremely troubling sign for the economy.
Old Man Winter appears to be killing the retail sector and the economic renewal. Extreme cold and nasty weather has engulfed about 70% of the country, reaching as far south as Georgia, North Carolina, and Texas, which don’t traditionally experience winter weather.
All that nasty weather means less driving to the malls and shops, w… Read More
Last week, when the jobs numbers report was released, a new wave of optimism spurred the U.S. economy. I saw it in the editorials of the major newspapers; I heard it on the popular financial news stations. The unemployment rate in the U.S. economy dropped from 7.9% in October to 7.7% in November. (Source: Bureau of Labor Statistics, Dec… Read More
I was reading that Apple Inc. (NASDAQ/AAPL) would produce at least one of its computer products in the United States. Great news for job seekers, but Apple will continue to manufacture most of its products outside of the U.S. in low-cost global manufacturing regions, such as China, Asia, Mexico, Eastern Europe, and Latin America. Th… Read More