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Economic Recovery Losing momentum

Prepare to hunker down until around 2014, when things might begin to really improve, assuming we haven’t been obliterated by a sun spot or whisked away by a pre-trib rapture. The U.S. economy shed more jobs than expected in July while the unemployment rate held steady at 9.5%, a further sign the economic recovery may [...]

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Expect lots of government layoffs at state, local level

Source: USATODAY.com Up to 400,000 workers could lose jobs in the next year as states, counties and cities grapple with lower revenue and less federal funding, says Mark Zandi, chief economist for Moody’s Economy.com. The development could slow an already lackluster recovery. Friday, the Labor Department said employers cut 125,000 jobs, mostly because 225,000 temporary [...]

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Expect lots of government layoffs at state, local level

Source: USATODAY.com Up to 400,000 workers could lose jobs in the next year as states, counties and cities grapple with lower revenue and less federal funding, says Mark Zandi, chief economist for Moody’s Economy.com. The development could slow an already lackluster recovery. Friday, the Labor Department said employers cut 125,000 jobs, mostly because 225,000 temporary [...]

[...]

Expect lots of government layoffs at state, local level

Source: USATODAY.com Up to 400,000 workers could lose jobs in the next year as states, counties and cities grapple with lower revenue and less federal funding, says Mark Zandi, chief economist for Moody’s Economy.com. The development could slow an already lackluster recovery. Friday, the Labor Department said employers cut 125,000 jobs, mostly because 225,000 temporary [...]

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Count on this: Hiring to be weak

A couple of months ago, a recovery in the U.S. labor market seemed to be at hand. That hope has proved as fleeting as a job with the Census Bureau. The surge in hiring of census workers in May was responsible for virtually all the 431,000 jobs created that month. Private sector employers, who had [...]

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