Archive | Economy
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NJ unemployment rises, economists see slow recovery
The New Jersey Department of Labor and Workforce Development reported a rise in the state unemployment for the first time since December, setting a grim outlook for New Jersey residents. According to the U.S. Bureau of Labor Statistics, New Jersey’s unemployment rate peaked at 10.
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Column: The Fed must act
As the economy continues to face falling prices and high unemployment, the Federal Reserve is failing to fulfill its mandate to pursue the goals of price stability and maximum employment.
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Upcoming graduates fear life after college
Once upon a time, a college degree guaranteed you a job. Although the National Association of Colleges and Employers predicts a 5.
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Column: End of recession will not eliminate country’s growing budget problems
The first thing most of us learned when we got a credit card was to never pay just the minimum balance. By the time a customer finishes paying off a balance at the monthly minimum, interest accumulated over the years can be as costly as the item itself.
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Column: Federal Reserve could use a makeover
Federal Reserve Chairman Ben S. Bernanke promised Friday that the central bank is ready to act if the U.S. economic recovery effort falters. The assurances he made at the Kansas City Fed's symposium near Jackson Hole, Wyo.
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Recession lacks growth necessary to add jobs
Depending which experts you ask, these are the worst economic conditions since 1980, 1945 or 1937. Or ever. By sheer number of jobs lost, businesses have killed 7.7 million positions since December of 2007. The average unemployment rate for 2009 was the highest level in 26 years.
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Column: U.S. unemployment rate may soon rise
I doubt that it’s news to anyone that we are in pretty dismal economic times here in the U.S. Everyone is constantly looking at economic data to argue for or against the possibility of a double dip recession. Statistics are thrown around constantly.
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Economy forces student budgeting
Mariah Kimpton won't be returning to George Washington U. this fall. The sophomore said a disappointing financial aid package forced her to discontinue her education.
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Column: Keynesian policies are wrong prescription for this economy
Treating a cold with a walk in the rain. Killing a mean cough with a pack of Camels. Halting heartburn with jalapenos and five-alarm chili. If John Maynard Keynes and his followers held a family medical practice, surely his prescriptions would look similar to the ones stated here.