Raise Capital Blog
Happy New Year Amid Postive Signs For 2011
by RaiseCapital.com | Posted on December 31st, 2010
2010 was a tough year for the economy although the stock market performed well credit remained type and many people remained unemployed or underemployed. Plus the real estate slump continued.
Yet there are positive signs for 2011.
Far fewer people are applying for unemployment benefits as the year ends, raising hopes for a healthier job market in 2011.
Applications are at their lowest level since July 2008, the Labor Department says. They fell to 388,000 in the week ending Dec. 25, bringing the four-week average to 414,000. Until mid-October, the four-week average had been stuck above 450,000 most of the year.
Economists say the number of people applying for unemployment benefits predicts where the job market will go over the next few months _ so much so that they use this data to help forecast economic growth.
That's an improvement, but still not enough to cause big drop in the unemployment rate. Fewer people applying for unemployment benefits suggests the unemployment rate will slip from 9.8 percent in November to 9.7 percent early next year; that would mean about 150,000 fewer unemployed.
The good news is that layoffs have fallen back to pre-recession levels. In October, 1.7 million people were laid off or fired _ the lowest figure since August 2006, more than a year before the Great Recession started. Layoffs and dismissals peaked at 2.6 million in January 2009.
Getting unemployment down is the key to getting the economic engine churning again. That is good news for entreprenuers as well. It is always easier to start a new business when spending by consumers is rising. Let's look forward to a healthy and prosperous 2011!
What about impending Debt crisis on America, will we able to hold out
by A+ Mobile PC Doctors | on July 11th, 2011
Nice information............
praveen kumar
www.mytravelo.com
by praveen kumar | on February 27th, 2012
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