Beyond Big Miss: Wkly earnings down, aggregate payrolls up, PT for econ. reasons WAY down.Returnees working cheap = wage/price disinflation
— Dan Alpert (@DanielAlpert) April 06, 2012
Dan Alpert, a managing partner at Westwood Capital in New York, is one of my favorite sources. He was a life saver on that fateful Sunday night in September 2008 when it seemed the world was ending. He was in the CNN studios doing TV MOREPaul R. La Monica - Apr 6, 2012 3:07 PM ET
Here's more good news for the recovery: 47 states are predicted to see their economies strengthen over the next six months, according to a report issued by the Philadelphia Fed Tuesday.
Among them, West Virginia has the strongest prospects, likely due to a boost from natural gas drilling in the Marcellus Shale. The state also wasn't hit hard by the housing boom and bust, and has had far fewer government layoffs than other MOREAnnalyn Kurtz - Apr 3, 2012 4:04 PM ET
Kermit has more company lately.
There were 3.1 million green jobs in the U.S. in 2010, or about 2.4% of the nation's employment.
The Bureau of Labor Statistics just released its first tally of jobs associated with producing green goods and services. The Obama administration has been pushing green jobs as a way to stimulate the economy and generate job growth. He's set aside billions of dollars to promote the industry, including MORETami Luhby - Mar 23, 2012 7:50 AM ET
The job market might be getting better...but not for teens
Their unemployment rate remains above 20% for the 40th month in a row, the first time this has happened since the government started keeping records in 1948.
Last month, it edged up to 23.8%, roughly the same as a year ago and up a bit since December. The national unemployment rate, meanwhile, has fallen to 8.3%.
Some 31 states and the District of MORETami Luhby - Mar 15, 2012 9:23 AM ET
Here's the latest way President Obama wants to help the unemployed.
The president is looking to give displaced workers $4,000 a year to pursue training in technical fields to land new jobs.
The grants are part of the latest jobs proposal unveiled by Obama Monday. Many of them have gone nowhere as Congress and the White House continue to fight over the best way to promote job creation.
The plan would provide additional MORETami Luhby - Mar 12, 2012 4:58 PM ET
Though employers are finally hiring again, it could take until 2020 to get employment back to pre-recession levels.
The new estimate of the jobs gap, released Monday by Brookings' Hamilton Project, is
based on a relatively rosy monthly job creation estimate of 208,000. (That's the average rate for 2005, which was the best year of job creation in the 2000s.)
While that may sound optimistic, job growth has been on a winning streak, MORETami Luhby - Mar 12, 2012 1:29 PM ET
The markets are in a more chipper mood Wednesday following the worst drop of the year for stocks a day earlier.
One reason for the enthusiasm? Looks like the private sector hired 216,000 people in February, according to the latest monthly report from payroll processor ADP. That was roughly in line with forecasts.
But investors shouldn't get too excited. The big jobs number from the government comes out on Friday. And the MOREPaul R. La Monica - Mar 7, 2012 3:45 PM ET
Tuesday is purportedly the most super day of the primary season.
I think it might actually be quite boring. Tennessee and Ohio look close -- but the writing is on the wall in other states. Most forecasts show that Mitt Romney will capture the majority of delegates and thereby continue his long slog toward securing his party's nomination.
So let's jump ahead to the general election, where (last time I checked) the MORECharles Riley - Mar 6, 2012 11:30 AM ET
How many domestic jobs has the world's most valuable company created?
If you ask that company -- Apple -- the answer is 514,000, according to a post published on the company's website. But not nearly that many people are getting paychecks signed by Tim Cook.
According to Apple, the company has directly employed 47,000 workers in the United States. Beyond that, the tech company says it is responsible for another 257,000 U.S. jobs MORECharles Riley - Mar 5, 2012 11:17 AM ET
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.05%||4.05%|
|15 yr fixed||3.15%||3.18%|
|30 yr refi||4.04%||4.03%|
|15 yr refi||3.14%||3.16%|
Today's featured rates:
|Much faster Wi-Fi coming soon|
|Chinese billionaire buys 007's yacht maker|
|Dow sinks 200 points after Fed hints at stimulus easing|
|J.D. Power ranks GM tops in quality for first time|
|Stratasys buys Makerbot 3-D printing company for $400 million|
|Latest Report||Next Update|
|Home prices||Aug 28|
|Consumer confidence||Aug 28|
|Manufacturing (ISM)||Sept 4|
|Inflation (CPI)||Sept 14|
|Retail sales||Sept 14|