Canada is doing great -- both of the reports today were good news. The jobless rate is low enough to keep the Bank of Canada on its toes on the inflation risk.
Quotes about jobless (16 Quotes)
Because of their unique place in the New Orleans sound, brass bands are receiving special attention in the aftermath of Katrina. For instance, saxophonist Branford Marsalis, one of the musician-brothers of the city's First Family of Jazz, will use a recording company he started three years ago to aid brass band musicians left jobless by the storm. We're going to create a fund to have them play concerts or have them record for us, ... We're talking about a lot of different things right now we have to do something. A lot of the guys I'm talking about include the Dirty Dozen Brass Band, the Rebirth Brass Band, the Tuxedo Brass Band. There are all these different groups. It's a matter of finding all these musicians scattered across the South.
In Washington State, the immigrant population has grown by 42 percent in the five years between 2000 and 2005 - which is an increase from 8 percent to 10.6 percent of the overall population - and the jobless rate in the state has hit a 6 year low.
The difficulty for Mr. Obama will be when the public sees where his decisions lead - higher inflation, higher interest rates, higher taxes, sluggish growth, and a jobless recovery.
During the Sanford administration, economic development has come to a virtual standstill, public jobs have been sold to big, out-of-state corporations, and now one of every 14 South Carolinians is jobless.
Everyone's worry on the economy was jobs. Today's report was unexpected by most people and it allayed fears as to whether this is going to be a jobless recovery.
Jobless claims helped (the U. S. dollar), but we're looking ahead to tomorrow and next week at this point.
The market has now fully reflected its belief in a second-half pick up, but for the kind of rally we've seen to continue, you're going to need to start seeing evidence. The weekly jobless claims number this morning is a start, but it's not enough. We could be bouncing around in the next few weeks.
Everybody's looking for every single data point that can possibly give them an edge in their analysis. I've seen folks put together a ratio of stock prices to weekly jobless claims, suggesting it's a leading indicator. That's preposterous, but there's an urge to move in that direction, to find every leading indicator you can get every day.
When we came out of the recession in March of 1991, GDP started rising very feebly, while the unemployment rate continued rising for another year and a half, ... The press called it a 'jobless recovery,' and it was one of the reasons President Bill Clinton was able to defeat former President George Bush. The average person on the street judges the economy by the job market.
This is the most sluggish recovery on record, which seems to puzzle the Fed chairman. But it reflects the Greenspan style of running things he presided over a similarly tepid recovery in the early 1990s. Tom Schlesinger, director of the Financial Markets Center, a monetary-policy watchdog, thinks the lopsided economy is the most disturbing hallmark of Greenspan's governance. The Fed has said almost nothing about this, except vice chairman Roger Ferguson says there's nothing the Fed can do particularly, ... The jobless recovery appears to be a new feature of the US business cycle. Yet the principal agent of economic management says nothing.
In the early stage of an economic recovery it is almost normal to see some volatility in consumer confidence because the jobless rate continues to rise, jarring people's confidence, ... However, all the pieces are in place to generate recovery, including healthy spending, robust housing and record low business inventories.
The low jobless rate, the steady upward creep in wage increases and the solid employment gain will all help convince the Bank of Canada it is on the right path by continuing to tighten policy.
The combination of strong full-time job growth, the low-low jobless rate, rising wage gains and a decent regional balance to the employment picture make this a very healthy report overall.
I think there's every reason to believe that another jobless recovery could be in the offing in the years immediately ahead -- one that would take a comparable toll on consumer demand.
Jobless people in those areas are so easily led to follow the siren song of the easy money coming from being hatchet men and accomplices of the terrorist groups,