Gross Domestic Product (GDP)

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Productivity Numbers Mask Job Cuts and Retention Issues

By Donald Sears ⋅ November 9, 2009 ⋅ One comment

For anyone waiting for employment to rise on the coattails of reported gains in productivity and the Gross Domestic Product (GDP), don’t hold your breath, said several economist who spoke to BusinessWeek.
The latest improvement in GDP won’t lead to increased hiring because it was based on decreased hiring, said some of the world’s leading economists, [...]

The New York Yankees Are Good for the Economy

By Kensington Moore ⋅ November 3, 2009 ⋅ One comment

We had all better start rooting for the New York Yankees.
The Yankees aren’t just good for baseball. They’re not just good for New York. The Yankees are good for the economy, wrote Conor Dougherty, on the Wall Street Journal’s “Real Time Economics” blog.
Dougherty, a San Francisco Giants fan and self-proclaimed unbiased source, tracked Gross Domestic [...]

Average Hours Worked Dips in September

By John Hazard ⋅ November 3, 2009 ⋅ Post a comment

Looking for signs of a jobs recovery on the horizon?
The rising Gross Domestic Product (GDP) and surging stock markets are encouraging and usually precede a hiring surge, but the most telling sign job growth is around the corner remains to be seen, said Mark Zandi, the chief economist at Moody’s Economy.com, in an op-ed in [...]

3 Steps Obama Can Take to Help Small Businesses Hire

By John Hazard ⋅ November 3, 2009 ⋅ Post a comment

To ensure the tentative economic recovery becomes a lasting expansion, the Obama administration must focus on helping small businesses hire again.
The Gross Domestic Product (GDP) is back on the rise, and the pace of job losses has slowed. However, businesses are not hiring yet, and the government is doing too little to support small businesses, [...]

Why GDP is a 20th Century Measure of a 21st Century Economy

By Donald Sears ⋅ October 30, 2009 ⋅ Post a comment

The U.S. Gross Domestic Product (GDP) rose a healthy 3.5 percent in the third quarter, and everything is swell again. Employment and consumer confidence should be rising right behind it. Right?
Maybe not, said Michael Mandel, chief economist at BusinessWeek. Mandell calls the GDP an outdated measure of the economic performance and argues that it relies [...]

Economists Predict Employment Rebound in 2012

By Donald Sears ⋅ October 30, 2009 ⋅ Post a comment

More than 50 percent of economists think employment won’t rebound until 2012, according to a poll by the National Association of Business Economists (NABE). More than 30 percent think employment won’t rebound until 2013, said a CNNMoney report on the survey.
Most respondents agreed that job losses would continue through the last quarter of the year. [...]

GDP Rise Spells End of Recession, But Employment Will Lag

By Kensington Moore ⋅ October 29, 2009 ⋅ Post a comment

For the first time since the second quarter of 2008 the gross domestic product (GDP) rose from the previous quarter.
The U.S GDP rose at an annualized rate of 3.5 percent in the third quarter compared to the second, the U.S. Bureau of Economic Analysis revealed today. For all purposes this means the recession is over, [...]

Happy Days for Q4 Hires, NABE Predicts

By Donald Sears ⋅ October 27, 2009 ⋅ Post a comment

Business spending and hiring are expected to rise over the next six months, said members of the National Association of Business Economists (NABE).
A survey of 78 NABE panelists revealed “new evidence that the U.S. recovery is underway,” said William Strauss, an economist at the Federal Reserve Bank of Chicago who prepared an analysis of the [...]

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