Treasury officials are in talks over whether American firms should be allowed to repatriate funds at a discount, in what is sometimes called a tax holiday. It has been trumpeted as a needed boost to the economy and a welcome step toward reform. Firms such as Apple, Oracle, and Qualcomm […]
Other News
Stagnant Wages Making Inflation Worse?
There is no doubt the U.S. economy is still in a fragile state. A wave of commodity driven inflation spurned by the increasing cost of gasoline, energy and food is making the situation worse. In an effort to combat the increases many are turning savings and pension into supplements to […]
Job Search Not Easy for Laid-off Public Sector Workers in New Jersey
In late April of this year, 125 Paterson cops joined thousands of state and local employees in New Jersey to receive pink slips in the last year. In the last twelve months, New Jersey has let go of over 26,000 state and local government workers. The Garden State is one […]
Tight credit keeps buyers from cheap homes
In the aftermath of a housing crisis built on easy credit, today’s tighter credit standards are widely accepted. But just how fine a comb lenders put to loan applications can be surprising. California Realtor Scott G. Harrison tells the story of a recent buyer with a pending contract on a […]
The Economic Toll of the Japan Crisis
The disaster in Japan has caused immeasurable human toll but as more numbers from March and April are released, its economic impact may prove less dire than first expected, at least for the rest of the world. A few weeks after the earthquake and tsunami hit the northeastern coast of […]
Construction Industry Growth Looks to be a Year Away
There have been signs pointing to the construction industry – one of the last industries to recover after the recession – finally starting to grow this year. With building permits up and existing home sales rising, it looks like they are poised to experience growth immediately. In March building permits, […]
Wired to Hire
Last week’s April jobs report surprised economists and capped three consecutive months of the strongest job growth the country has seen in years. Unfortunately, the ranks of the unemployed are also growing – currently 13.7 million Americans are unemployed. Many employers are taking a ‘wait and see’ approach to adding […]
Private Sector Hirings Fuel Job Growth
The United States economy added more jobs than expected as the willingness of consumers to spend fostered private sector job growth. The month of April saw the addition of 244,000 jobs, the Labor Department reported Friday. This follows a gain of 221,000 jobs in March, and 768,000 jobs total since […]
Unemployment Will Remain Steady as Jobseekers Grow but Remain Untrained
Tomorrow’s Bureau of Labor Statistics report will show that unemployment remains at 8.8 percent according to most economists. This ends the steady decrease of jobless claims in the United States since November when it was as high 9.8 percent. The growing number of people getting jobs in the private sector […]
Rising Weekly Claims Rattled Investors Today: all eyes on tomorrow’s April jobs report
Today’s initial claims report did not influence tomorrow’s jobs report. It came after the survey week related to the current population survey. Unfortunately, it came just in time to confirm some investor’s fears that improvement in the labor market has stalled. Initial jobless benefits claims surged last week by 43,000 […]
