Jun 9
2010

WASHINGTON (AP) — The economic recovery finally is spreading to all parts of the country, but the modest pace of growth suggests companies won’t be ramping up hiring to drive down unemployment quickly. A Federal Reserve survey, released Wednesday, found that economic activity improved across all 12 regions tracked. The … Read more

What happens when the temporary, stimulus-funded, jobs end?  And the taxes go up and the inflation goes up? Where’s the “recovery” then?

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Jun 9
2010

Norman City Council members tonight passed a budget that temporarily, at least, saves 26 jobs from being eliminated.Read more on NewsOK.com Read more

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Jun 4
2010

NEW YORK (AP) — Stocks fell sharply Friday after the Labor Department said hiring remains weak and Hungary became the latest European country to report its economy is in crisis.Read more on NewsOK.com Read more

Maggie Thatcher said it some years ago “The trouble with socialism is that, eventually, you run out of other people’s money”. That’s what’s happening in Europe and it’s where we’re headed here.

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May 20
2010

Well, it may have been “unexpected” in DC, but no where else

WASHINGTON (AP) — The number of people filing new claims for unemployment benefits unexpectedly rose last week by the largest amount in three months. The surge is evidence of how volatile the job market remains, even as the economy grows. Applications for unemployment benefits rose to 471,000 last week, up by 25,000 from the previous week, the Labor Department said Thursday. It was the first increase in five weeks and the biggest jump since a gain of 40,000 in February. The forecast was for claims to fall by about 4,000 from the previous week. “Although no one expects this volatile …

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Apr 30
2010

Losing a job is always tough, but losing it in the middle of what’s been dubbed the “Great Recession” could hurt for years, according to a new report by the Congressional Budget Office that hints at just how deep the damage could be to those laid off. CBO analysts are forecasting that even when the out-of-work do find jobs, they’ll be well behind their peers who stayed employed and will lose out on thousands of dollars of earning potential over their lives. Worse still, the study found that, unlike past recessions, the jobs picture won’t improve as quickly this time, …

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