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95,000 Jobs Lost in September: How Many Is That, Really?
By Carl Franzen - AOL News
(Oct. 8) -- For the past two years, talk about the economy has basically come to center around one critical indicator: job creation. Specifically, the fact that in this post-recession, achingly slow recovery period, new hiring hasn't been anywhere close to the rate required to get us back to pre-recession levels anytime soon. This morning's news that the economy shed some 95,000 non-farm jobs is not that surprising, but it's also not very reassuring either. As the Bureau of Labor Statistics points out, the losses are mostly due to cuts in government jobs or the end of temporary government ...
Local Governments: An Economic Bright Spot in the Recession?
By Ria Misra - Politics DailyEarlier today, I reported on Chicago's city-wide government shutdown on Monday in response to a looming budgetary shortfall of over a half billion dollars. That news, combined with forced furloughs and stagnant property values around the country, paint what should be a grim economic picture for local governments. Instead, not only has overall spending by local governments risen, their revenues have remained almost steady. The reason: the influx of federal stimulus money.So, could local governments be an economic bright spot in the recession? It appears so. USA Today reports that the latest ...
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