Unemployment Falls to 10% But Obscures Negative Trends
The Bureau of Labor Statistics (BLS) released its November report on employment this morning which shows that unemployment dropped to 10.0% from 10.2% in October.  While any drop in the "headline" unemployment rate is likely to be greeted with celebration ...
Persistent Job Losses Paint a Grim Picture for Recovery in 2010
There is certainly no shortage of commentary on the unemployment statistics that come out every month and most value investors do not make investment decisions based on macroeconomic factors alone. In general, it is always a good time to invest ...
Bernanke Forecast Implies Tough Policy Choices in 2010
A very brief video clip of Federal Reserve Chairman Ben Bernanke announcing that the recession is over has been seen on nearly every nightly newscast this evening. What is more relevant are the comments Mr. Bernanke made prior to stating ...
Larry Summers Predicts Extended Period of High Unemployment
President Obama's chief economic adviser has indicated that he expects unemployment to stay at elevated levels for "a few years". In a candid interview with Nightly Business Report, National Economic Council Director Larry Summers did not express much hope for ...