Job Openings in U.S. Decrease by Most in Almost Four Years By Michelle Jamrisko, from Bloomberg Job openings in the U.S. decreased in April by the most in almost four years, the latest sign that the labor market is cooling. The number of open positions dropped by 325,000, the biggest decline since September 2008, to [...]
The first chapter of “Economic Rip Tide”, by Sanford Pinna.
Eurozone unemployment continues to rise Original article from BBC The unemployment rate in the eurozone continued to rise in January, hitting another record high. The jobless rate in the 17 countries that use the euro rose to 10.7% in January, while December’s figure was revised up from 10.4% to 10.6%. There are now 16.9 million [...]
Extreme Poverty Is Now At Record Levels — 19 Statistics About The Poor That Will Absolutely Astound You From The Economic Collapse According to the U.S. Census Bureau, a higher percentage of Americans is living in extreme poverty than they have ever measured before. In 2010, we were told that the economy was recovering, but [...]
It is official! The stock markets have crashed all around the world. The most eminent Gurus of economics: Nouriel Roubini and El Arian have declared that we are definitely in the “Second Dip” of a “Double Dip” and LaGarde of the IMF has gone before the people and cried. In reality, my readers know that [...]
Patients came into the Emergency Room like animals on a farm. In the early morning, at mid-day and at late afternoon, few patients would arrive. “They’re eating,” we would tell each other. Then, after supper, at seven PM, the wave of patients would start. “Now, they’re drinking,” we would say. And, of course, we meant [...]
Global Manufacturing Slowdown Shows Every Nation Can’t Count on Exports for Growth By Kathleen Madigan, from The Wall Street Journal It’s not a surprise: if few are buying goods, then few need to produce goods. Around the world, factory activity contracted in August. Purchasing managers’ indexes from Australia to Korea to the euro zone fell [...]
U.S. Employment Probably Slowed in August By Bob Willis, from Bloomberg Hiring probably slowed in August and U.S. manufacturing contracted for the first time in two years as Americans lost confidence that the recovery will be sustained, economists said before reports this week. Payrolls climbed by 75,000 workers after a 117,000 increase in July, according [...]
