Economic Upturn Not Leading to Rise in Employment

The statistics collected over the past month have shown clear indications that the US economy is slowly getting back on track. Industrial activity is picking up, investors are moving into US markets once more and consumers are beginning to lose their fear of spending again. However, no matter what the figures and facts say about the improvement in the economy, the jobless are still no better off than they were a year ago. [Read more…]

Unemployment Rate May Impede Economic Recovery

Even as some analysts hail the end of the global economic slowdown with the stock markets gaining momentum, the 10% unemployment rate, one of the highest in decades is a worrisome issue and certainly does not support the positive outlook. [Read more…]

Moody’s Says US Credit Rating Under Threat

Credit ratings agency Moody’s has warned that the Aaa credit rating of top developed nations like the U.S., Germany, U.K., and Spain could be under threat as their deficits go out of control.

Moody’s has published a new report on the creditworthiness of these countries and has come out with a gloomy picture. Although it said that currently the ratings are stable and there is no immediate risk of downgrades, it warned that countries like the United States are much closer to downgrades now than they were before the financial crisis. [Read more…]

Fourth Quarter GDP Numbers Released

As recoveries go this is one of the oddest. There is no denying that the US economy continues to return to its once fabled glory; it is simply not embraced, believed, or yet noticed by the average American.

A group responsible for over seventy percent of the economy’s machinations just doesn’t see it primarily due to housing prices and unemployment rates that are expected to hover around 10% for the remainder of 2010. Given unemployment’s firmly entrenched ties to consumer confidence the economy should only post modest gains throughout the year as consumers continue to keep their belts tightened. [Read more…]