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The government may acutally be leaving the free market

The government may acutally be leaving the free market

Well…maybe not, but it looks like the Federal Reserve may be stopping any new efforts to “revive the economy” at its meeting this week. According to economists, Chairman Ben Bernanke and his colleagues don’t want to “overdo” the stimulus medicine and that “stimulating the economy” …

May Joblessness offers Glimmer of Hope

May Joblessness offers Glimmer of Hope

The United States Labor Department reported over the weekend that 345,000 job were cut by employers in May 2009, which has created an average 9.4% unemployment rate. However, for the last six months, joblessness had increased by twice that much per month. The total is …

March could be the bottom to job losses

For this recession anyway, March could signal the bottom for job losses.
On CNBC: David Jones of DMJ Advisors says that there will be a 675,000 decline in march payrolls. His forecast is only slightly worse than the Briefing.com consensus of 658,000. In February payrolls fell …

Jobless claims fall last week

New jobless claims fell to 646,000 from the revised figure from the previous week of 658,000.
However continuing claims were up 185,000 to a seasonally adjusted number of 5.47 million jobless collecting unemployment. The number is more than the 5.33 million economists were expecting.
When jobless rates …

Retail sales make an unexpected gain in January

Perhaps it was all the bad news that made consumers decide to go out and spend a little money last month…Retail sales for January increased 1% from December. Economists were expecting an almost 1% decline in sales for January, but the increase is still an …