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'


Keeping the Green in Publishing

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[ Publishers Weekly | 2013-07-19 00:00:00 UTC ]
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The Agents’ View: A Case Study in Agent-Assisted Publishing

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[ Publishing Perspectives | 2013-07-18 00:00:00 UTC ]
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Restructure at BookData Publisher Services

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[ The Bookseller | 2013-07-17 00:00:00 UTC ]
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“My Agent By My Side”: An Author’s Assisted Publishing Experience

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[ Publishing Perspectives | 2013-07-17 00:00:00 UTC ]
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Ether for Authors: Agent Kristin Nelson Signs Self-Publishing Star Barbara Freethy

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[ Publishing Perspectives | 2013-07-16 00:00:00 UTC ]
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Two Experiments Running: Agent-Publishing in London

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[ Publishing Perspectives | 2013-07-16 00:00:00 UTC ]
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Icon signs self-published guide

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[ The Bookseller | 2013-07-16 00:00:00 UTC ]
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Convert a PDF for Kindle viewing, no software required

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[ PC World | 2013-07-16 00:00:00 UTC ]
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“Agent-Assisted Publishing”: An Interrupted Debate

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[ Publishing Perspectives | 2013-07-15 00:00:00 UTC ]
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Gabo Graphic Novel Bio Boosts Colombia’s Publishing Profile

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[ Publishing Perspectives | 2013-07-12 00:00:00 UTC ]
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Publishers Try a Different Kind of Pay Wall, Unlocked by Watching Web Video

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[ Editor & Publisher | 2013-07-12 00:00:00 UTC ]
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Survey: Does Apple’s Guilty Verdict in Ebook Trial Damage Publishing?

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[ Publishing Perspectives | 2013-07-11 00:00:00 UTC ]
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If Publishers Fail to Self-Regulate Native Ads, FTC May Step In

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[ Editor & Publisher | 2013-07-11 00:00:00 UTC ]
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Sony's four pillar approach to game publishing on PlayStation 4 aims to level the playing field

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[ Engadget | 2013-07-11 00:00:00 UTC ]
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Chinese E-publishing Platform Shanda Cloudary Takes in $110m Investment

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[ Publishing Perspectives | 2013-07-10 00:00:00 UTC ]
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A Polish Publishing Company Dedicates Itself to South Korean Lit

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[ Publishing Perspectives | 2013-07-10 00:00:00 UTC ]
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Instagram Debuts Video Embeds, Could Alter Publishing Habits

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[ Editor & Publisher | 2013-07-09 00:00:00 UTC ]
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Publishers launching fewer magazines in 2013

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Barnsley urges publishers to remember their 'true strength'

The outgoing c.e.o. of HarperCollins Victoria Barnsley has warned publishers against trying to... Continue reading at The Bookseller

[ The Bookseller | 2013-07-04 00:00:00 UTC ]
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