Blog
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Unemployment Holds at 7.8%
Today's jobs numbers fell just slightly below the expectations of economists: 155,000 jobs were added last month, when 160,000 had been expected, the Wall Street Journal reports. The unemployment rate held steady at 7.8%; last month's initial rate of 7.7% was revised upward. Some observations from... Go to Source Author: Evann Gastaldo
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Fed Announces $45B-a-Month Bond Buy
The Federal Reserve dropped a bombshell today, announcing that it would spend $45 billion a month on bond purchases to keep interest rates low, and that it would keep its short-term rates near zero as long as it takes to get unemployment below 6.5%. It will also keep up... Go to Source Author: Kevin Spak
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Millions About to Lose Unemployment Benefits
Millions of Americans may be dreading New Year's Day—because that's when their unemployment benefits are scheduled to expire, reports the Wall Street Journal . Some economists dread it too, saying the federally backed emergency payments help the economy and put food on the table for 2.1 million Americans. With...
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Crazy Commute: Wisconsin Workers to Staff ND Store
And you thought your commute was bad: Home improvement retailer Menard plans to fly 50 workers weekly from its headquarters in Eau Claire, Wisconsin, to a store in the booming town of Minot, North Dakota. A nearby oil patch has swelled the town's population to nearly 50,000 (up from...
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Unemployment Falls to 7.7%
The unemployment rate fell from 7.9% to 7.7% in November, and the Wall Street Journal gives you permission to care a little less than usual. It calls today's report "the least important look at the labor market in about five years." That's because 1) Hurricane Sandy, holiday hiring,...
