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A Modest Proposal on Unemployment Reporting

From Barry Ritholtz: > The Big Picture | Unemployment Reporting: A Modest Proposal (U3 + U6): U6, on the other hand, is the broadest measure of Unemployment: It includes those people counted by U3, plus marginally attached workers (not looking, but want and are available for a job and have looked for work sometime in the recent past), as well as Persons employed part time for economic reasons (they...

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America Losing Jobs

Unemployment is up. The United States is now losing jobs. As Robert Reich writes , "Total job losses since the first of the year are now 438,000. That's a loss of 73,000 a month. The economy needs to CREATE 125,000 jobs a month just to keep up with population growth. In other words, this hole is getting deeper." The Kansas City Star : The national job situation continued to sour in June with a net...

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It's Contraction - Not Stagflation

Stockerati submits: Let’s first define what stagflation means: Stagflation is the state of an economy where inflation combined with stagnation locks a society into slow-to-negative economic growth and rising unemployment, invariably including recession. Complete Story »

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Mortgage News - Afternoon Edition - Sunday, July 06th, 2008

Upside down on home? Take a deep breath Poll: Will retirement be relaxing, distressing? U.S. June Nonfarm Payrolls Decline 62k, Unemployment Rate Remains at 5.5% Finding the grill of your dreams American Cities See Record Annual Foreclosure Rate Increases in Q2 Dave Ramsey on debt in retirement

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Wall Street faces the bears of summer

Rising unemployment and inflation have market watchers taking back predictions of a stock market rally in the second half of this year.

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DNC Releases New 'Jobs First?' Website, Video

WASHINGTON, July 6 /PRNewswire-USNewswire/ -- With John McCain attempting to re-launch his campaign with a "Jobs First" tour that the Wall Street Journal reports won't offer any new economic policies or solutions, the Democratic Nat...

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Social Democrats pledge cut price unemployment insurance

The opposition Social Democrats have pledged that they will halve the cost of unemployment insurance if they win the next election.

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Opposition pledges cut price unemployment insurance

The opposition Social Democrats have pledged that they will halve the cost of unemployment insurance if they win the next election.

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Arson suspected at Stockholm museum

A fire broke out at the Biological Museum in Stockholm on Saturday evening. Police suspect arson.

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Recession threat as UK jobs vanish

The threat of rising unemployment in Britain will be driven home this week by news that the number of permanent jobs available has fallen for the first time in five years.

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Teresa Hunter: Ten tips for surviving a recession

Scotland on Sunday's Personal Finance Editor Teresa Hunter gives her top 10 tips for surviving a recession

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Lily Allen must dump her dad

KEITH Allen is facing a spell of unemployment (his character, the archetypal baddie, is to be killed off in the third series of Robin Hood).

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Long-term unemployment rises.

The WSJ reports, “In another sign of the harsh toll being exacted by the economic downturn, the number of Americans unemployed for six months or more has risen sharply over the past year and is likely to increase even more.” According to new Labor Department data, the number of people unemployed for at least 26 [...]

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Mortgage News - Afternoon Edition - Saturday, July 05th, 2008

U.S. June Nonfarm Payrolls Decline 62k, Unemployment Rate Remains at 5.5% Secured credit cards: 10 questions to ask – With old debt, know your limits 5 ways to improve your credit A 7-step plan for fixing your credit report American Cities See Record Annual Foreclosure Rate Increases in Q2

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Rising long term unemployment is just not good

The Wall Street Journal reports: Number of Those Unemployed For at Least 6 Months Rises On Thursday, in a sign of further weakening of the labor market, the Labor Department said that nonfarm... [Head on over to Boston Gal's Open Wallet to read the rest!]