The Economic Policy Institute does a deep-dive on the long-term unemployment picture (hat tip: Naked Capitalism). There are some significant pearls of economic consideration in this analysis, especially as it applies to long-term employment. Here is one that I think is particular enlightening regarding the unemployment deficit we need to recover from: "Furthermore, while the labor market has shed 6.7 million jobs since the start of the recession, it is important to keep in mind that in those 19 … [Read more...]
Are We in an Economy Where Low Mortgage Rates Don't Matter?
March 27, 2009 By 1 Comment
Image via Wikipedia 24/7 Wall Street presents and interesting angle on the role of mortgage rates in recovering the housing market. Are we in an economy where factors and anxiety around unemployment and investment make it such that mortgage rates are too much at any cost? While some data shows that housing may be finding a bottom, it is likely that very few people are willing to gamble their own money that the perception is true. If unemployment rises, housing prices could continue to fall. If foreclosures … [Read more...]
Unemployment Jumps Up Again, Tech Sectors Turn to Lose
December 11, 2008 By Leave a Comment
US Jobless Claims Jumps 58,000 to 24 Year High. Tech Sector losses 34,000 contributing most of these losses November losses. … [Read more...]
What Will Obama's Job Stimulus Plan Look Like?
December 11, 2008 By Leave a Comment
A great analysis and compilation of President-elect Obama's potential Job Stimulus Plan. What do you think it might include or should include? … [Read more...]
Unemployment Economic Edition
November 14, 2008 By Leave a Comment
I though since our economy is (almost sequentially) taking us through a course in classic economic theory I would make today a deep dive on employment and its role in the economy. Economic Reading If you are looking to brush up on all of your economic classics I have assembled a great economics reading list. Or, if you prefer to have all the quintessential classic economic writings in one place I recommend Michael Lewis's The Real Price of Everything: Rediscovering the Six Classics of Economics. Official … [Read more...]