President Obama convened a “jobs summit” at the White House Thursday morning. It was likely one of the more brilliant moves of his presidency.
One of the most notable early promises from Obama was that the massive stimulus measure signed into law earlier this year would save or create 3.5M American jobs. The President and the [...]

On Wednesday, the Fed’s Beige book was released for July and August. It summarizes reports from the 12 Federal Reserve Districts and pointed to economic activity that continues to stabilize.
Compared to the summary from the Fed’s last report 11 out of 12 regions asserted that economic activity had either stabilized or improved. Even [...]

Wednesday we pointed to three reports that reflect job market improvement. On Thursday another encouraging sign emerged.
The Monster Employment Index for August was released. It recorded its highest monthly rate of improvement in four years spiking 6% higher than its July reading. The report — produced monthly by the popular online jobs bulletin [...]

On Wednesday, two jobs related reports continued to show a labor market on the mend. The Christmas, Challenger and Grey report showed corporation layoff counts fell sizably in August, to 76,456 versus July’s 97,373.

The more closely watched ADP employment report also showed improvement on Wednesday. And Tuesday, the ISM manufacturing report also showed employment [...]

As one of the large number of Americans who depends on a positive business and investment environment for his prosperity, I regarded the election of Barack Obama as president with Democrat majorities in the House and Senate with considerable concern.
But more than the usual number of my fellow businesspeople and investors supported them, contrary [...]

It was a week that was flush with positive news stories.
1. Personal income in April was reported to rebound sharply. Personal income jumped 0.5 percent in April far better than the forecast by most economists for a 0.2 percent drop. House investor’s rental income also spiked up 3.1 percent after several months of decline. The [...]

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 [...]