Sep 6 2009

Does a College Degree Protect your Career? Unemployment Rate for College Graduates Highest on Record.

As many students begin applying for the 2010 academic school year, students are looking at an economic climate where endowments are hit, student loans are more restrictive, and parents have seen 529 plans sink along side their retirement plans.  The upcoming school year will be highly competitive and expensive but will it be worth it?  […]

Sep 2 2009

California Economy: $80 Million in Unemployment Insurance Being Paid out Per Day. 143,000 Exhausted Their Jobless Benefits on September 1. One in Four Unemployed Workers without a Job for 27 Weeks or More.

In another sign that California is inching back to the financial edge, earlier this week 143,000 unemployed Californians exhausted their unemployment benefits.  Now, you might think that this is simply a function of a normal recession.  It is not.  In fact, many of these people have exhausted their 26 weeks of benefits plus three additional […]

Jul 2 2009

Employment Situation: Job Anti-Growth – A Decade with Zero Net Added Jobs. 131 Million Nonfarm Payroll Employment in June of 2000. 131 Million Nonfarm Payroll Employment in June of 2009. 6,460,000 job losses since start of Recession.

The so-called second half recovery got off to a rocky start.  The market was expecting 367,000 job losses for the month of June but instead got 100,000 more than expected.  The market quickly turned sour as 26,000,000 Americans are now unemployed or underemployed in the job market.  Yet what is even more troubling is the […]

Jan 24 2009

Orange County Jobs: The Real OC, Companies Cutting Jobs Since the Recession Started in California.

Southern California’s most expensive area, Orange County is not immune from the current economic downturn.  The employment situation is dire across the state with the current unemployment rate spiking to 9.3% in December from a rate of 8.4% in November.  The speed of job losses is increasing in a state with a deeply troubled housing […]

Dec 15 2008

Gross Domestic Product: 40 Percent of the United States GDP comes from 5 States; California, Texas, New York, Florida, and Illinois.

Our gross domestic product contracted in the third quarter of 2008 and is contracting in the forth quarter.  There is very little doubt surrounding that.  The National Bureau of Economic Research put the start date of our current recession at December of 2007.  Simply looking at the employment patterns and trends it appears that this […]

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