Now that the election is over we can go back to cat food and automobile commercials. After all, we need to get you consumers out of your house to blow money on Black Friday after you blow out your intestines on Thanksgiving. The fiscal cliff is the given name of the impending fiscal collapse of [...]
Jobs report weaker than expected – Unemployment rate falls largely because 160,000 leave labor force.
The headline unemployment rate fell today but largely due to more than 160,000 people dropping out of the labor force. Headline jobs gained were 120,000 well below what the market was expecting. It is likely to be good news that the market was going on a holiday break. Employment is the backbone of any economy [...]
Worker productivity in the United States continues to go up. This is a positive sign for companies as they are able to build stronger and more efficient organizations. The issue for the last few decades has been translating this real gain in productivity and turning it into real wage gains for the majority of the [...]