Word: jobless
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...shopping season than last year - perhaps the weakest since, well, the last recession. "I think the full effect of these layoff announcements will take effect in the second half," PricewaterhouseCoopers senior retail economist Frank Badillo told the Wall Street Journal. Leaving the American consumer either too scared or too jobless to keep whistling past the graveyard and directly to the mall...
...Friday, manufacturing continued to sink into its personal tar pit, with the Commerce Department reporting that durable goods (expensive, long-lasting stuff like cars, air conditioners and computers) fell in the U.S. in July, again, this time by 0.6 percent. And Thursday?s weekly jobless claims hit a nine-week peak while the number of people collecting checks hit 3.18 million, the highest since September...
...turned out he was just talking about homebuilding stocks like Centex shedding a few bucks "in the years ahead." Not to denigrate the value of that (probably accurate) insight to Centex investors or other housing-watchers, but we?ve got bigger, more imminent fish to fear. Also Thursday: Weekly jobless claims, and a fresh four-week rolling average that will hopefully stay below 400,000, and an economic survey from the influential Philadelphia...
SPARE A DIME? The U.S. jobless rate is stable at 4.5%, but other signs of woe persist...
...believe that God has a purpose in everything," said Masifi, who is married with a young child. In Masifi's case God - and the government - will provide. In Sweden, employees who lose their jobs are cocooned from many of the harsh realities of unemployment, at least initially. Jobless workers get 300 days of benefits, or about 14 months of five-day weeks, which can be extended to 600 days if some activity like vocational retraining is involved. Maximum unemployment pay has just been increased from $1,189 to nearly $1,400 a month. But benefits don't stop there...