Author: chip

213,000 Americans joined the workforce in June. The economy has added 2,374,000 in total over the past year as reported by the Bureau of Labor Statistics. Considering GDP per capita (the amount of output per person in the U.S. population)  is $60,961 indicates that GDP has risen $145 billion from the productivity of these new

Much has changed since the financial crises ended in June 2009. The table below juxtaposes ten important economic indicators. Each gauge brings its insights; collectively the list provides a snapshot of the overall economy. A significant gap exists between those who embrace the prospects of today’s economy and those that see dire straights. As American

Nearly a decade ago over 15 million Americans were seeking employment and trying to get back to work. Unfortunately, there were only 2 million jobs available. The tide has turned: now there are 6.5 million job openings and 6.5 million unemployed. The ratio of employment needed to jobs available has fallen from 7:1 to 1:1.

National unemployment has declined by 60% since the height of the great recession from 10.0% in Nov. 2009, to 3.9% today. All segments of the population have benefitted: workers without a high school diploma have seen the most significant decline in unemployment – falling from 14.9% to 5.9%. Workers with a bachelor’s degree or higher