US Job Growth Likely By Christmas

Now that the US recovery is in full swing, many continue to asked “when will this newfound economic growth produce new jobs?”

This past week all eyes were on job numbers. And there were some encouraging signs.

First, Challenger, Gray & Christmas, Inc. announced on Wednesday that planned layoffs at U.S. firms fell for . . . → Read More: US Job Growth Likely By Christmas

Aging and Export Dependency on the Agenda

I know that I tend to harp quite a bit about the topic above, but I also trust that my readers by now will be well be used to this. One of the main interesting things about the notion that aging might be related to export dependency is that while it enjoys little, if . . . → Read More: Aging and Export Dependency on the Agenda

Recession is Over: Positive Economic Data Abounds

Fed Chief Ben Bernanke said Tuesday that indeed the recession of the past year is over. And positive economic data continues to punctuate assertions that the Q3 growth will be anything but lackluster:

1. On Tuesday, the popular ICSC-Goldman report’s year-on-year measure jumped into positive ground — 1.6 percent for the best . . . → Read More: Recession is Over: Positive Economic Data Abounds

Conference Board Indicators: Recession Is Over, Recovery Has Begun

Since early June we’ve been observing more and more markers that US economic recovery has started. Monday brought even more data to support that assertion.

A close look at the elements of Monday’s Conference Board report supports the view that the recession ended in June and recovery has indeed begun. The CB’s leading index . . . → Read More: Conference Board Indicators: Recession Is Over, Recovery Has Begun

More Recession Proof Jobs at Wal-Mart

Last year Wal-mart added close to 30,000 jobs to it’s domestic labor force. In 2009 it now predicts it will add another 22,000 positions nationwide. In fact in some hard hit states like California, Florida and Michigan, Wal-Mart plans to add over 1,000 jobs in each.

Wal-Mart is the largest private-sector employer in the . . . → Read More: More Recession Proof Jobs at Wal-Mart

Pending home sales soar 6.7 pct in April

Pending home sales in April posted their largest monthly increase since Oct 2001, the National Association of Realtors said on Tuesday. The Pending Home Sales Index, jumped to 90.3 in April from 84.6 in March.

It was the third straight monthly increase this year. The index is also now 3.2% above its level a . . . → Read More: Pending home sales soar 6.7 pct in April

Three Clear Markers: The Recession is Over

We now have three very reputable markers that signal the recession’s end.

1. According to the U.S. Weekly Leading Index published by the Economic Cycle Research Institute (ECRI), that index growth has steadily risen to a 36-week high.

2. You’ve seen the pointer here for several weeks now that the “lagging peak” in new . . . → Read More: Three Clear Markers: The Recession is Over

The Decline of the Left

riting in Business Standard today, Surjit Bhalla has a table of the vote share of the CPI and the CPI(M) put together. I thought it would be useful to see this data as a time-series, so here is the result.

Click on the graph to see it more clearly. Each circle is a data . . . → Read More: The Decline of the Left

Where will the productivity growth come from?

In the Australian federal budget delivered earlier this week, forward estimates of revenue and spending were based on Treasury projections of economic growth rates in excess of 4 percent coming out of the current recession. This projection has attracted attention because the projected growth rates are higher than those experienced in Australia during recent . . . → Read More: Where will the productivity growth come from?

The Economy of Cyberspace

U.S. retail Internet sales are expected to reach $146 billion in 2008, a 14.3% rise from 2007—and yes, that reckoning takes into account the economic downturn, which has actually boosted online sales because of high gas prices and reduced driving. While U.S. retail sales rose by 2.8% between the first quarter of 2007 and . . . → Read More: The Economy of Cyberspace