The Organization for Economic Cooperation and Development has urged countries to gradually stop the fiscal stimulus measures within 2010. The OECD stated that economic growth will continue during the first half of 2010, albeit at a slower rate. This will be preceded by a decline in supply and an end to additional borrowings. [Read more…]
Labor Market Shows Signs of Recovery as Jobless Claims Fall
As predicted by analysts, first time jobless applications declined in the week ending March 13 to 457,000 according to the Labor Department. The decline continues the trend that was established two weeks ago, with the job markets picking up and signs of new hiring emerging in several industries. However, a large number of people are still receiving unemployment benefits, which is a cause for concern. [Read more…]
