WASHINGTON — The college class of 2012 is in for a rude welcome to the world of work. A weak labor market already has left half of young college graduates either jobless or underemployed in positions that don’t fully use their skills and knowledge. Young adults with bachelor’s degrees are increasingly scraping by in lower-wage [...]
All posts in category Economy
1 of 2 grads jobless or underemployed – msnbc.com
Posted by Evan Trowbridge on April 23, 2012
http://evantrowbridge.com/2012/04/23/1-of-2-grads-jobless-or-underemployed-msnbc-com/
Obama moves to curb oil speculators
NEW YORK (CNNMoney) — The Obama administration proposed new measures Tuesday to limit speculation in the oil markets, seeking to draw a contrast with Republicans who have been calling for more domestic drilling during a time of near record gasoline prices. The new proposals require oil traders to put up more of their own money [...]
Posted by Evan Trowbridge on April 17, 2012
http://evantrowbridge.com/2012/04/17/obama-moves-to-curb-oil-speculators/
Apple, Google Shares Slump; Apple Falls Below $600 – MarketBeat – WSJ
By Steven Russolillo …Apple and Google shares are both getting torched this morning amid an otherwise upbeat day in the broad market. Shares of Apple and Google are each down more than 3%, with Apple falling below $600 for the first time since late March. Apple shares are now down more than 9% since hitting [...]
Posted by Evan Trowbridge on April 16, 2012
http://evantrowbridge.com/2012/04/16/apple-google-shares-slump-apple-falls-below-600-marketbeat-wsj/
March jobs report: Hiring slows, Unemployment falls to 8.2% – Apr. 6, 2012
NEW YORK (CNNMoney) — Hiring slowed dramatically in March, clouding optimism about the strength of the recovery. Employers added 120,000 jobs in the month, the Labor Department reported Friday, falling far short of economists’ expectations. via March jobs report: Hiring slows, Unemployment falls to 8.2% – Apr. 6, 2012.
Posted by Evan Trowbridge on April 6, 2012
http://evantrowbridge.com/2012/04/06/march-jobs-report-hiring-slows-unemployment-falls-to-8-2-apr-6-2012/
State unemployment report shows widespread improvement – Mar. 30, 2012
NEW YORK (CNNMoney) — Unemployment fell in 29 states in February and rose in only eight, the government reported Friday, in another sign of broad improvement in the U.S. labor market. via State unemployment report shows widespread improvement – Mar. 30, 2012.
Posted by Evan Trowbridge on March 30, 2012
http://evantrowbridge.com/2012/03/30/state-unemployment-report-shows-widespread-improvement-mar-30-2012/
BBC News – Greek debt swap ‘success’ welcomed by European leaders
Greece’s winning of a crucial swap of its government debt has been welcomed by European leaders. Luxembourg’s Prime Minister, Jean-Claude Juncker, said the conditions were now in place for Greece to get its latest eurozone bailout. The Greek deal with its lenders is the largest restructuring of government debt in history. The Greek Finance Minister, [...]
Posted by Evan Trowbridge on March 9, 2012
http://evantrowbridge.com/2012/03/09/bbc-news-greek-debt-swap-success-welcomed-by-european-leaders/
Employers created 227,000 jobs last month, unemployment rate unchanged at 8.3 percent
WASHINGTON — U.S. employers added 227,000 jobs in February to complete three of the best months of hiring since the recession began. The unemployment rate was unchanged, largely because more people streamed into the work force. http://www.washingtonpost.com/business/economy/another-month-of-strong-hiring-expected-to-be-reported-for-february-as-job-market-strengthens/2012/03/09/gIQAp3uP0R_story.html?wpisrc=al_comboNE_b
Posted by Evan Trowbridge on March 9, 2012
http://evantrowbridge.com/2012/03/09/employers-created-227000-jobs-last-month-unemployment-rate-unchanged-at-8-3-percent/
Income goes up…especially for the rich – Economy
After two years of declines, Americans’ income finally rose in 2010. The Internal Revenue Service provided a first peek at taxpayers’ returns and it showed that adjusted gross income totaled $8 trillion, up 5.2% from 2009. But a closer look at the data reveals that only the wealthiest Americans will be popping the Cristal. Taxpayers [...]
Posted by Evan Trowbridge on March 5, 2012
http://evantrowbridge.com/2012/03/05/income-goes-up-especially-for-the-rich-economy/
Stocks: Dow closes above 13,000 – Feb. 28, 2012
NEW YORK (CNNMoney) — U.S. stocks closed at multi-year highs, as investors weighed a small pullback in oil prices and improving consumer confidence against a worse-than-expected drop in durable goods orders. The Dow Jones industrial average (INDU) closed above 13,000 for the first time since May 19, 2008, after narrowly missing that finish line for [...]
Posted by Evan Trowbridge on February 28, 2012
http://evantrowbridge.com/2012/02/28/stocks-dow-closes-above-13000-feb-28-2012/
8 reasons why gas will hit $5 a gallon this year
By Paul Ausick and Douglas A. McIntyre, 24/7 Wall St. The price of gas is a widely covered news item these days. Oil prices have moved up from $75 a barrel in October of last year to more than $100 a barrel currently. And the trend continues to point toward even higher oil prices. Of [...]
Posted by Evan Trowbridge on February 25, 2012
http://evantrowbridge.com/2012/02/25/8-reasons-why-gas-will-hit-5-a-gallon-this-year/
