A Tale of Two Economic Indicators: Publishing’s Long Road to Recovery Will Require More Detours

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 ]
News tagged with: #annual celebration #bounce back #great deal #sincerely hope

Other Publishing stories related to: 'A Tale of Two Economic Indicators: Publishing’s Long Road to Recovery Will Require More Detours'


Dropbox pushes to publish spy data request details

Cloud storage locker Dropbox has joined Google, Microsoft, Yahoo, LinkedIn and Facebook in their quest for permission to publish the number of data requests they have received from the U.S. government, and the number of users affected by those requests. Dropbox filed a brief with the U.S.... Continue reading at PC World

[ PC World | 2013-09-24 00:00:00 UTC ]
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Canadian Publishing, 2013: A Time of Opportunity

Despite some trouble spots, Canadian publishers are seeing opportunites for growth. Check out our special report on the state of Canadian publishing to get the scoop on what's really going on in this market of 34-million. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-09-23 00:00:00 UTC ]
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Profit drops 25% at Haynes amid publishing 'slowdown'

Haynes Publishing Group has reported falls in revenue and profit in its results for the year... Continue reading at The Bookseller

[ The Bookseller | 2013-09-23 00:00:00 UTC ]
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Two Roads signs Harvard's Johnston

John Murray Press imprint Two Roads has signed a debut novel from Harvard creative writing... Continue reading at The Bookseller

[ The Bookseller | 2013-09-23 00:00:00 UTC ]
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Children’s Publishing in Fall 2013: Focus on Canada 2013

Not unlike the adult side of the business, children’s publishing in Canada looks to be headed for a pretty good 2013 overall, despite limited school and library budgets and reduced inventory and heavy return rates at Indigo Books and Music stores. Rick Wilks, director of Annick Press, points to... Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-09-20 00:00:00 UTC ]
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Children's Publishing in Fall 2013: Focus on Canada 2013

Not unlike the adult side of the business, children's publishing in Canada looks to be headed for a pretty good 2013 overall. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-09-20 00:00:00 UTC ]
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How Did Newspapers Blow It? Not Enough Engineers, NYT Publisher Says

It would be hard to single out just one mistake from the news industry’s fumbled transition to the Internet era. But the most important newspaper publisher in America—Arthur Sulzberger, Jr. of the New York Times—says one ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2013-09-19 00:00:00 UTC ]
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Small publishers concerned over Man Booker changes

The Man Booker Prize submission rule changes will have a negative impact on small publishers,... Continue reading at The Bookseller

[ The Bookseller | 2013-09-19 00:00:00 UTC ]
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Nonfiction long-list announced for book awards

A pair of best-selling works by staff writers for The New Yorker, Lawrence Wright's "Going Clear" and George Packer's "The Unwinding," were among 10 books chosen for the nonfiction long-list of the National Book Awards.Besides Mr. Wright's investigation of Scientology and Packer's bleak account... Continue reading at Crains New York

[ Crains New York | 2013-09-19 00:00:00 UTC ]
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Johnson Publishing Gets Credit Infusion

Johnson Publishing has secured a line of credit as it continues to "reposition" itself in the marketplace. Continue reading at Folio Magazine

[ Folio Magazine | 2013-09-18 00:00:00 UTC ]
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Michael House Stepping Down as President, Publisher of Chicago Defender

Chicago Defender President and Publisher Michael House is stepping down. House will retire effective Sept. 30 and will take a position with the National Newspaper Publishers Association, the Washington, D.C.-based federation that represents more th ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2013-09-18 00:00:00 UTC ]
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E-Publishing Growth is Organic in the Developing World

Emerging markets incorporate international digital publishing models, while at the same time putting their own stamp on them, writes Octavio Kulesz. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2013-09-18 00:00:00 UTC ]
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Faber to publish Ian Curtis collection

Faber is to publish a book of lyrics and notebooks from Joy Division frontman Ian Curtis. So... Continue reading at The Bookseller

[ The Bookseller | 2013-09-17 00:00:00 UTC ]
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First long-list of finalists for book awards

Kate DiCamillo and David Levithan were among the 10 authors who made the first-ever long-list of finalists for the National Book Awards, part of a new nominating process that prize organizers hope will lead to increased attention and sales.Ms. DiCamillo and Mr. Levithan were nominees in the... Continue reading at Crains New York

[ Crains New York | 2013-09-17 00:00:00 UTC ]
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Fledgling French Publisher Takes on “la rentrée littéraire” and Frankfurt

Young French publisher Les Escales is looking to make a splash this literary season and in Frankfurt with an unconventionally produced novel from the UK. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2013-09-16 00:00:00 UTC ]
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National Book Award releases long-list for Young People's Literature

The National Book Awards launched its first long-list with the 10 books in the running for the 2013 award for Young People's Literature on Monday.The National Book Awards launched its first long-list with the 10 books in the running for the 2013 award for Young People's Literature on Monday. Continue reading at Los Angeles Times

[ Los Angeles Times | 2013-09-16 00:00:00 UTC ]
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Scholastic to publish new Stiefvater

Scholastic has bought world rights in a companion book to the Shiver trilogy by Maggie Stiefvater... Continue reading at The Bookseller

[ The Bookseller | 2013-09-11 00:00:00 UTC ]
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Publishing System Helps Writers Determine Audience Interest

InboundWriter wants to help big publishers and niche bloggers figure out how much demand there is for their idea in the Web ecosystem before they type a word or hit "publish." At least that's the idea behind the newest version of the startup's software, which the company said will be used by... Continue reading at AdWeek

[ AdWeek | 2013-09-10 00:00:00 UTC ]
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Smashwords Reaches a Milestone: Publishes 250,000th Book

The Smashwords self-publishing platform has published a quarter of million books containing 8.5 billion words in six years in business. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2013-09-10 00:00:00 UTC ]
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Storify Acquired by Web Publishing Services Company Livefyre

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[ AdWeek | 2013-09-09 00:00:00 UTC ]
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