Word: recessional
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With stimulus spending doing little to combat an unemployment rate at 10.2% and rising, U.S. leaders are starting to take further action. President Barack Obama is holding a jobs summit Dec. 3, followed by a White House to Main Street Tour to "share ideas for continued recovery." Congressional Democrats, meanwhile...
Leaders in the early Republic had it easier. The work of taming a continent provided every American who wanted one with a full-time job and drew settlers from oceans away. Laws like the Homestead Act of 1862 - which granted any man or woman up to 160 acres of public...
Among the projects that FDR's spending paid for was the Current Population Survey, which has measured unemployment every month since March 1940. The process - which aside from computerization and expansion has not fundamentally changed over the years - centers on interviews with a rotating sampling of 60,000 households. Workers...
Furthermore, long-term growth is propelled by productivity gains, not by consumer spending. From this standpoint, the outlook for stocks is even more promising. Companies have rigorously cut costs and positioned themselves for a rapid rise in earnings once top-line growth resumes. Annualized productivity growth in the second and...
To Gihan Perera, that's just one example of how federal and state governments are missing a great opportunity to use the stimulus to aid the poor and minority communities hardest hit by the Great Recession. Perera, director of the nonprofit Miami Workers Center (MWC), is among a number of...