I 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.
Nov 6, 2009 10:49 AM
Two days after announcing a big contract amendment in California, Corrections Corp. says it will grow the payroll at its North Fork prison by two-thirds. Look for a similar release soon about the 900-odd Golden State prisoners going to Arizona.
Nov 5, 2009 7:24 AM
More bleak data from the manufacturing sector: Tennessee factories has shed more than 56,000 jobs since September of 2007. The automotive sector accounts for more than 9,000 of those losses and has been laying off workers more quickly than the rest of the industry.
Nov 2, 2009 12:49 PM
Behind job creation policies, that is. Robert Reich says the president has spent his political capital on the wrong priority.
The optimist in me says Obama can pivot off a health-care victory and launch some new initiatives that palpably and quickly spur job growth. The realist says there aren’t any such initiatives — at least none that can work fast enough to reverse the tide of unemployment before the midterm elections.
Nov 2, 2009 10:22 AM
Sitel VP Andrew Kokes says the anecdotal evidence of companies having success relocating call centers and other support operations to rural U.S. areas won't materialize into anything material.
"I would say that there is zero reversal and it's growing (offshore) faster than ever," he said.
Oct 29, 2009 8:02 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.
Oct 26, 2009 9:10 AM
A group of researchers that includes Vanderbilt professor Peter Buerhaus has compared projections of the number of physicians in the work force and concluded that widely used forecasts may be overly optimistic, especially when it comes to older doctors.
Oct 26, 2009 8:26 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
Oct 22, 2009 10:08 AM
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