Unemployment

The Associated Press's Martin Crutsinger has been on the opposite of a roll:Just before Christmas, he appeared to be lowballing the consensus estimate of 4th Quarter 2005 GDP growth by describing it as "around 3 percent," when a broad-based Bloomberg survey of economists indicated a consensus forecast of 3.3%. Second, he pooh-poohed November's Construction Spending report released two days ago…

Two stories on the same Manpower employment report: Hiring Outlook Bright For 2006 - CBS NewsNew year job market bleak - NewsdayI like the opening to the Newsday article: Waiting for January to find a new job? It might not happen even then. If you need a job, you might not want to just sit around for a month waiting for one to fall in your lap, because as Newsday so insightfully points out, it…

A recent report  published by the Gallup Organization stated: “a majority of U.S. investors continue to describe the current economy as being ‘in a slowdown’ or ‘recession’ as opposed to being ‘in a recovery’ or ‘sustained expansion.’” Regardless of continuously strong economic reports, such bearish assessments have been regularly portrayed by public opinion polls for several years. During this…