James Picerno has a close look at one set of indicators that suggests no employment-led boom this year.
Midway through the first month of 2010, there are enough headwinds facing the economy to keep our expectations in check. That includes the dire trend in the tally of the long-term unemployed (out of work for 27 weeks or more), which hit the highest rate since 1948, when data on this series was launched. [...] “This is not your typical cyclical downturn where hiring is just postponed until business improves,” Richard DeKaser of Woodley Park Research tells the Christian Science Monitor. “This is really more about structural unemployment.”
Jan 19, 2010 9:32 AM
Older workers spend more time unemployed between jobs than younger workers, labor data show. For someone who is 45 or older, it takes an average of 22 weeks to land a job, compared with 16 weeks for younger job hunters, according to an analysis of 2008 statistics by the U.S. Bureau of Labor Statistics.
May 26, 2009 7:34 AM
The home of MTSU and Nissan's plant had the country's highest rate of wage growth in the third quarter. Its whopping 17 percent growth rate — driven by manufacturing gains — was almost double that of second-place Yolo County in California. View the PDF here, the HTML version here.
Apr 9, 2009 2:09 PM