Word: rates
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...theory that the unemployment rate will never go back to 5.5% is wrong. It is wrong because the American imagination for creating new large industries has not disappeared. It is wrong because the new economy in the United States will include a large number of manufacturing jobs paying wages which are historically low. It is easy to say that manufacturing can never prosper in America because the fixed prices for labor are too high. The recession has broken the grip of expensive labor. Manufacturing can and will return to the United States. American workers will work on assembly lines. They...
...There's pretty widespread agreement that the recovery, when it comes, won't be robust. "Even after a recovery gets underway, the rate of growth of real economic activity is likely to remain below its longer-run potential for a while," said Bernanke in his testimony to the Joint Economic Committee on Tuesday. That means unemployment will keep rising even after the economy has stopped shrinking. And if unemployment keeps rising, consumer spending won't rebound strongly, bank-loan losses will keep rising and a recessionary relapse isn't out of the question. The next monthly employment report, due Friday...
...budgets in future years,” Jackson said. “We will need to reduce our staff levels in order to live within our new means.” But at this stage, the magnitude of future layoffs remains unclear, and will depend on the participation rate that the school sees in an early retirement incentive program for staff that will conclude next week, according to Marie H. Bowen, an assistant dean and chief human resources officer at the Law School. To supplement the results of the early retirement program and diminish the need for layoffs...
...virals to hospitals and found they were very effective. But many who had started suffering before had already developed severe pneumonia; and for some, it was too late to be saved. The errors in treatment in the first weeks of the outbreak do much to explain the higher death rate in Mexico than the United States. By Monday, the Mexican government had confirmed 26 deaths that were caused by the swine flu virus, compared to one north of the border...
Bonilla finally left hospital after five days - a period after which he was unlikely to be still contagious. However, he was told to remain in his apartment for another eight days, while his grandchildren stayed with relatives. No other family members have developed symptoms, reflecting a relatively low infection-rate of the virus. Bonilla is still visibly shaken by his brush with swine flu and concerned about the disease spreading around the planet. But he says that it has taught him one positive thing: to appreciate what he has. "I know that I am lucky to be here getting...