A jobs jolt
Posted on November 6, 2009 at 10:49 amI know the basic argument that employment is a lagging indicator, but who’s going to stand up and say this number won’t make for a dismal holiday shopping season? And keep in mind that the official unemployment rate doesn’t account for people who have simply stopped looking for work. Add them in and we’re getting way too close to 20 percent.
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Why state, local governments need more stimulus
Posted on October 26, 2009 at 9:10 am
Employment in state and local governments appears to lag that in the private sector by about a year. Given that the latter fell off cliff about a year ago, there’s a case to be made that funneling more stimulus cash to local governments now will stave off more job losses.
State’s construction job losses among worst in country
Posted on October 22, 2009 at 10:08 am
Tennessee is 48th on an Associated General Contractors list that tallies the number of construction jobs lost in the 12 months to September. Only the hard hat job markets in Michigan, Arizona and Nevada fared worse.
“These figures should serve as a sobering reminder that public investments alone are not going to turn around a trillion dollar construction industry,” said Stephen E. Sandherr, the association’s chief executive officer. “The three most important issues in Washington ought to be jobs, jobs and jobs, which is why we need pro-growth measures like those we outlined in our blueprint for recovery.”
SEE ALSO: Our recent print story on the possibility of a construction labor shortage
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Atlanta Fed president: Lost factory jobs likely won’t return
Posted on August 27, 2009 at 6:42 amThe recession’s painful toll on the U.S. industrial sector will be long-lasting, Atlanta Federal Reserve President Dennis Lockhart told the Chattanooga Chamber of Commerce Wednesday.
Lockhart said these ’structural adjustments’ in employment will likely weigh down GDP growth in the medium term. But he added that ’stabilization has taken hold, and the beginning stages of recovery are under way.’
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It ends with big red spots
Posted on May 6, 2009 at 3:30 pmAn intriguing animated graphic shows the net job loss/gain throughout the country during the last five years.
Note the fact that Nashville’s little green spot stays fairly steady until roughly this time last year, when the entire nation appears to get a horrific case of chicken pox. Detroit and New Orleans are also interesting to watch.
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Watch your mouth
Posted on April 7, 2009 at 8:41 pmRecessionWire passes on some empathy etiquette for when it comes to talking with people who’ve just lost their jobs.
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Small business takes a hit
Posted on January 7, 2009 at 2:46 pmJeff Cornwall reports:
According to today’s ADP Small Business Report small-size businesses lost 281,000 jobs in December, the largest decline in small-size business employment recorded by the ADP Small Business Report since the beginning of the ADP National Employment Report dataset in December 2000.
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