Good day to all. The US is closed for the holiday, but there are still enough news stories to keep this post going for the day. Yesterday the monthly jobless report showed a larger loss of jobs in June than expected. There is one point that should be emphasized and that is US needs to […]

Continue reading about July 3 – Has the Recovery Act helped you? – 11,000 Dutch postal carriers dumped

Today the weekly Jobless Claims report and the monthly Employment Situation report show that the employment picture is still cloudy and not recovering quickly. The fall in continuing claims is likely more a matter of people exhausting unemployment benefits than finding new employment: WASHINGTON (AP) — Employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment […]

Continue reading about July 2 – Unemployment at 9.5% as 467,000 lose jobs in June – Weekly jobless claims dip to 614,000 – Continuing claims at 6.7 million: lower by 53,000 – Gannett delivers bad news to 1400 – Chicago Public Schools chop 557 – CA on verge of issuing IOUs

Mike: There are too many economic reports for this lone blogger to highlight, so you may want to visit Economic Calendar to view your favorite reports. Mike: I would be remiss if I didn’t send a Canada Day greeting to my Canadian readers and friends. Being from Rochester, NY, I often get to visit Canada and […]

Continue reading about July 1 – Mortgage applications fall to 7-month low – ADP and Challenger employment reports show some improvement – Diageo (Guinness) cuts 900 jobs – Gannett to cut 1000 more? – Briggs & Stratton to chop at least 430