This morning I woke up to two very different pieces of news, yet they are very much connected. The first was the news that the U.S. unemployment rate fell to 11.1% in June, and as a nation we added 4.8 million jobs to the economy. Certainly it’s good news that the trend line has moved downward for two straight months, and people are returning to work. [caption id="attachment_182239" align="alignright" width="300"] Source: Bureau of Labor Statistics[/caption] Still, economists warn that May and June’s numbers are a little rosier than reality, due to the tracking methodologies. I won’t get into this since it’s not really the point I’m working towards. And regardless of what the numbers might actually be, neither May nor June were particularly good. Make no mistake about that. No matter how much spin you put on it, double-digit unemployment figures are not an indicator of a strong economy, regardless of what a month-over-month trend line looks like, or how the stock market is performing. After all, when you zoom out a little further, that line looks especially bad when just five months ago our unemployment rate was 3.8%. And for what it's worth, soaring stock markets don't change the fact that millions have people have lost their jobs and entire industries have been decimated. Obviously there are extenuating circumstances that are responsible for where we are today. COVID-19 has ravaged our lives and our economy, and it happened almost overnight. So believe me when I say I... Continue reading at 'Folio Magazine'
[ Folio Magazine | 2020-07-02 16:42:10 UTC ]
Written By: Charlotte Williams Publication Date: Fri, 01/07/2011 - 08:48 P D James will receive the second Theakstons Old Peculier Outstanding Contribution to Crime Fiction Award, with debut novelist William Ryan and bestseller Lee Child among those to make the shortlist for this year's... Continue reading at The Bookseller
[ The Bookseller | 2011-07-01 00:00:00 UTC ]
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Written By: Lisa Campbell Publication Date: Mon, 27/06/2011 - 15:45 National Book Tokens will launch the Euro Gift Card in the Republic of Ireland for the first time this Friday. The Euro Gift Card is being introduced by NBT after a great deal of interest in the system following its launch... Continue reading at The Bookseller
[ The Bookseller | 2011-06-27 00:00:00 UTC ]
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