Posts Tagged ‘Economy News’

7.2 million jobs will return for Americans

November 1st, 2009 Breaking News

Despite the first signs of economic growth in more than a year, many factors will keep a jobs recovery from occurring for a long time. CNN news report.

The consensus forecast is that job losses ( Find the upcoming Job Fairs In the U.S. )will continue through the end of this year, with many economists not expecting unemployment to peak until next summer. That will add to the 7.2 million jobs already lost in this downturn.

Even with Thursday’s report that showed the economy grew at a 3.5% annual rate in the third quarter, the continued job losses are not a shock.

Jobs are what are known as a trailing or lagging indicator, meaning that they change in response to other economic events, rather than predicting changes the way a leading indicator, such as the stock market, does. That’s because even after a recession has ended, employers are slow to add staff until they’re sure that demand has returned.

Many other economists were already looking for a tough labor market for at least the next year.

According to a survey by the National Association of Business Economics, the consensus forecast of 44 top economists is for an addition of only 12,000 jobs a month in the first quarter of next year.

More than a half of the economists surveyed said that a recovery to pre-recession levels in the job market will return on 2012, that’s mean 7.2 million jobs return.

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U.S. economy grows first time in year

October 29th, 2009 Breaking News

CNN News: The U.S. economy grew at a 3.5% annual rate in the third quarter, ending a string of declines over four quarters that resulted in the most severe slide since the Great Depression. But some economists raised doubts about how long such strong growth can last.

The increase in GDP, reported by the government Thursday morning, was slightly better than expectations. Economists surveyed by Briefing.com had forecast 3.2% growth in gross domestic product, the broadest measure of the nation’s economic activity. The economy shrank at a 0.7% rate in the second quarter.

The positive GDP report is one more sign that the economy has likely pulled out of the deep recession that started in December 2007.

The reading by itself doesn’t mark an end to the recession; the economy actually grew in the second quarter of 2008. (The National Bureau of Economic Research, which officially dates the beginning and end of recessions, is not expected to declare that the current recession has ended until sometime in 2010.)

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World Economy Saviors Are Women

October 26th, 2009 Breaking News

The largest growing economic force in the world is women, according to World Bank estimates the earning power of women globally is $13 trillion 2009. That is more than 3 times the estimated 2009 GDP of China and India combined.

More and more companies were concerning on women products and works, the growing economic power of women would seem an obvious market to capture.

According to the Boston Consulting Group study “women feel at best underserved by companies, and at worst ignored”. “Women Want More,” a book based on the study results.

For women, the worst offender is the financial services industry. The Boston Consulting Groupsurvey of 12,000 women in 40 regions around the world found that financial services — such as providing ibanking, investment and insurance products and advice — are worst at connecting with female consumers.

women economy

Whether in the workforce or not, women are increasingly the drivers of consumer spending. Women globally control $20 trillion in annual consumer spending; by 2014 that could climb to $28 trillion.

The number of working women in the world’s largest market was virtually equal to the number of men. By the end of the year, working women in the U.S. are expected to outnumber men but women still earn only 77 cents for every dollar men do.

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World Economy Saviors Are Women

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