Unemployment rate hits 10.2%

Here we go again.
When I logged on to find out the weather for today’s parade on Broadway — the Yankees celebrating their World Series win — the news headlines were not only surprising, they were shocking.
Just yesterday, I remember reading several news reports on the great recovering Wall Street is making.
Today, however, the headlines center [...]

Friday’s headlines and statistics

Five of nearly 1,000 headlines on Google yesterday referencing our current unemployment:
The New York Times: Unemployment in California at 12%, Highest in Nearly 70 Years
Forbes.com: NC jobless rate remains near 11 percent in August
Associated Press: 42 states lose jobs in August, up from 29 in July
CNBC: State Unemployment Keeps Rising; Three Hit Record Highs
The Progressive [...]

What’s the magnitude of our unemployment problem?

I don’t think I had a real sense of the magnitude of our current unemployment problem until I pulled out my trusty old calculator.
Out of curiosity, I searched the internet to find out how much average adult workers in the U.S. were earning. According to the U.S. Department of Commerce, the average adult full-time worker [...]

“90% of all businesses fail in 5 years!”

Networking at chamber events is fun. I get to meet new people, share ideas, exchange business cards, and learn what’s new in the world.
“What do you do?” was the question that came at me at just such an event yesterday from a middle-aged gentleman in a gray pinstripe suit.
I handed him my business card and [...]

The story the unemployment numbers don’t tell!

The number 14,500,000 (actually more, depending on who you ask and how you count) unemployed is a big number with a lot of zeros. But it doesn’t tell the real story.
Behind that 14,500,000 statistic are unemployed victims of the economy. They represent stories of real people and real families who we caught by a thundering [...]