jobs report

Duane Shank 07-06-2012

Quote of the day.
"It''s been clear since the 1870s that the government needs a warrant to read postal mail. There''s no good reason email should be treated differently." Catherine Crump, ACLU staff attorney, who has filed Freedom of Information Act requests with several federal agencies, asking about their policies and legal processes for reading Internet users'' emails.
(MSNBC)

QR Blog Editor 07-06-2012

The Associated Press reports:

"A majority of economists in the latest Associated Press Economy Survey expect the national unemployment rate to stay above 6 percent — the upper bounds of what's considered healthy — for at least four more years. If the economists are correct, the job market will still be unhealthy seven years after the Great Recession officially ended in June 2009. That would be the longest stretch of high unemployment since the end of World War II.

The election isn't going to be a miracle cure for the unemployment rate — that's for sure," says Sean Snaith, an economics professor at the University of Central Florida. He thinks unemployment, which is 8.2 percent now, won't drop back to 6 percent until after 2016.
 
Economists consider a "normal" level to be between 5 percent and 6 percent.
 
The economists surveyed by the AP foresee an unemployment rate of 8 percent on Election Day. That would be the highest rate any postwar president running for re-election has faced."
 
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QR Blog Editor 06-01-2012

John Hudson of The Atlantic writes:

"Everyone agrees the latest jobs report is a disaster, but economists are split about the underlying cause. Did increased gas prices choke off employment? Did uncertainty in Europe? How about job cuts in the public sector?"

Learn more here

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