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November, 2009

November 6, 2009  3:09 PM

As Expected, US Unemployment Tops 10% Mark

Ed Tittel Ed Tittel Profile: Ed Tittel

Today's the first Friday of the month, and that means that it's also the day that the US Bureau of Labor Statistics releases its "Employment Situation Summary" for the preceding month (October, in this case). As expected,...

November 2, 2009  5:07 PM

GDP Up, But Employment Keeps Dropping

Ed Tittel Ed Tittel Profile: Ed Tittel

If I understand things correctly a recession is considered to be over when a quarterly GDP report returns to positive terrritory. With a forecast return for this quarter to a positive growth rate, by some metrics that means the recession is over. But that probably explains why includes...

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