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Recession 2009

Forget deflation. U.S. consumer prices jumped in January for the second month in a row — and it wasn’t just soaring costs for gas and food. Americans are beginning to pay more for clothes, rents and travel, new data released Thursday show.

http://www.tennessean.com/article/20110218/NEWS08/102180353/Inflation-may-bad-consumers-good-deficit-jobs

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The jobless rate for Lancaster County (PA) fell again last month to 7.2%, down .3% over November 2010. Showing a slow decline, the jobless rated is only .7% lower over December 2009.

I guess, in some sense, this is good news: there are less people unemployed. Otherwise, for the rest of us who still don’t have a job, or find job opportunities but can’t land the job, this is still bad news. [more…]

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NEW YORK (CNNMoney.com) — The job market suffered another blow last month, as business hiring dwindled and the government continued to shed workers.

Overall, the economy lost a total of 95,000 jobs in September, the Labor Department reported Friday, far worse than expected and down from the previous month, when employers shed 57,000 jobs.

Government job losses, especially temporary census positions, have dragged down the overall number for several months. But in September, sweeping cuts by cash-strapped state and local governments accounted for more than half of the public sector losses.

Read CNNMoney.com article.

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Job openings rise for first time since April, but good luck finding or landing that job

September 9, 2010

From the Associated Press WASHINGTON — Job openings are rising modestly, a sign that employers may step up hiring soon. But rising openings in the past year haven’t reduced unemployment, heightening concerns that the unemployed might lack the skills to fill the jobs that are coming available. If companies have openings but can’t find qualified […]

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David Reilly of the Wall Street Journal: Election-Year Stimulus Can’t Counter Unemployment Woes

September 8, 2010

By David Reilly, Wall Street Journal Pass the silver bullet. With campaign season in full swing, the unemployment rate, and how to crush it, is front and center. Right out of the Labor Day starting block, President Barack Obama proposed an additional $50 billion in infrastructure spending. He also is expected on Wednesday to unveil […]

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Lancaster County jobless rate jumps to 8%: happy days are here again.

August 31, 2010

From an article by Tim Mekeel in the Intelligencer Journal/Lancaster New Era, Tuesday August 31 Like a boat bobbing in the ocean, the local jobless rate continued its recent up-and-down motion in July, rising to 8.0 percent. By increasing from June’s 7.8 percent, the countywide rate stayed in the same narrow range where it has been […]

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Unemployment rate rises to 8 percent in Lancaster County

March 16, 2010

Sure, the economy is improving! Yeah right! Readers of the Lancaster County morning newspapers were greeted with more happy news of an improving economy. The combined Intelligencer Journal and Lancaster New Era is reporting that the unemployment rate in Lancaster County rose 2 percent to 8 percent in February. Nationwide, the unemployment remained stable at […]

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