September marks the 31st consecutive month that the national unemployment rate has been near or well above 9%. In September the Department of Labor reported that the unemployment rate was at 9.1%. In October of last year the rate was at 10.2% but it has remained largely unchanged since the start of the … [Read more...]
Lower Consumer Spending May Reflect New Habits
September 24, 2010 By Leave a Comment
For the first time since the Great Depression in the 1930s, per capita consumer spending has declined for 2 consecutive years. A new study completed by Booz & Co. showed that consumers are spending less during the recession. The question is whether this reduced spending level is temporary or reflects … [Read more...]
Dodge a Cash Crunch Amidst Unemployment Woes
November 2, 2008 By Leave a Comment
The unemployment rate in America has soared this month. The number of people that claim unemployment has reached roughly 497,000, which puts the number several thousand beyond initial expectations. Furthermore, the unemployment percentage is currently at a fairly high 6.1%, and is expected to reach higher … [Read more...]