Census bureau jobs end = increase in the jobless

In the month of June the U.S. economy shed 125,000 workers.  However, the U.S. government single-handedly represented 225,000 of the lost jobs as the temporary jobs of the U.S. census were shed.  What that means is that net, the U.S. economy added 100,000 jobs. ...

Unexpected Greek foray into debt markets

This Euro-year has all been about scrutiny of those profligate spenders, the Greeks.  May’s big worldwide stock market declines were largely triggered by fears of a Greek budgetary collapse and the contagion it would have throughout Europe.  Now those Greeks are...

People are still spending more money

Despite the fact that much of the month of May was filled with grim economic forebodings, personal spending still grew 0.2%.  This data from the Commerce Department was also accompanied by data showing that consumer spending grew 3% in the first quarter.  Still more...

Finally a financial overhaul bill

The big news this morning, and perhaps the biggest news since I started publishing the blog, is that a financial industry overhaul bill has finally been readied for Congress to vote on.  I began the blog sending out a mini-manifesto to the e-ethers calling for reform...