Word: forecasters
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...deferred associates they can earn up to $60,000 per year if they work in public service, plus an additional $10,000 if they continue to study for the bar. Overall, firms estimate that these deferral arrangements could save them $25,000 to $85,000 per employee. (Read "Job Forecast for College Seniors: Grimmer Than Ever...
Read "Job Forecast for College Seniors: Grimmer Than Ever...
...rise in the dual nature of data is where the analyst's ability to forecast gets more difficult. When unemployment, consumer confidence, GDP, manufacturing, and capital expenditures are all falling simultaneously, it is hard to find optimists, but they will grab even the slightest bit of ambiguous information and claim that the recovery is underway...
...news. One is the unemployment number for March and the other is the GDP figure for the first quarter. If one or both of these is "better than expected" stocks may climb even higher. Over the last six months, these figures have usually been worse than analysts have forecast and there is not much in the way of anecdotal data to support anything other than the fact that figures will keep getting worse. The most important bellwether for economic activity may be the rate of contraction in manufacturing. In the U.S., those numbers are bad. In parts of Asia...
...Administration's attention is on The Motor City where unemployment has hit 22%. Steve Rattner, a former media industry investment banker who has somehow become the Treasury's point man for the car business, says that GM (GM) and Chrysler will need more money than had been previously forecast. His comments are those of a man driving into the future while looking into the rearview mirror. Once U.S. light vehicle sales dropped over 30% the first two months of the year it was clear that the American auto companies would lose billions of dollars more than they forecast when they...