October 2012

Labor Department: Hurricane Sandy Should Not Disrupt Release of New Employment Data

On Monday, Carl Fillichio - a spokesman for the U.S. Department of Labor - put out a press release, in which he asserted that the organization intends to release its Employment Situation report for the month of October, as planned, at 8:30 a.m., on Friday, November 2. There is some speculation coming from media outlets...
ExecutionistLabor Department: Hurricane Sandy Should Not Disrupt Release of New Employment Data

Strong seasonal hiring plans may presage year-end surge in economic activity

On October 25, CareerBuilder released its annual assessment of retailers' hiring plans for the upcoming holiday season. Traditionally, this time of year brings a significant, but short-term, bump in employment as stores expand their staffs to handle extra traffic. This year, the number of positions being added by...
ExecutionistStrong seasonal hiring plans may presage year-end surge in economic activity

Can Greece exit the eurozone without causing a catastrophic collapse?

We recently discussed the ongoing fiscal crisis in the eurozone. As events have dragged on, there has been an increasing amount of speculation regarding the prospect that Greece - the most troubled nation in the currency union - will abandon the euro. At the recent annual meeting of the International Monetary Fund in...
ExecutionistCan Greece exit the eurozone without causing a catastrophic collapse?

IRS raises limit on retirement plan contributions

On October 18, the Internal Revenue Service (IRS) announced several policy updates that will take effect in 2013. The main change is that workers will be able to contribute an additional $500 to their 401(k) plans each year, tax-free. This will bring the annual limit on contributions to $17,500. However, the catch-up...
ExecutionistIRS raises limit on retirement plan contributions

Is the eurozone actually making progress on its fiscal problems?

In a recent interview with CNN's Christiane Amanpour, Italian Prime Minister Mario Monti said he was feeling more confident about the eurozone's prospects than he had been earlier in the year. He conceded that his government's actions had deepened the recession in Italy, but held that they had mitigated the risk that...
ExecutionistIs the eurozone actually making progress on its fiscal problems?

CareerBuilder issues optimistic hiring forecast as economic indicators point to progress

As part of a string of mixed - but, mostly positive - messages regarding the progress of the economic recovery, CareerBuilder recently issued its "most optimistic fourth quarter projection since 2007." "We're seeing continued evidence of stability and growth in the U.S. job market," CareerBuilder CEO Matt Ferguson said in...
ExecutionistCareerBuilder issues optimistic hiring forecast as economic indicators point to progress

How concerned should businesses be about the fiscal cliff?

In a recent report on global economic conditions, the International Monetary Fund (IMF) asserted that the realization of the "fiscal cliff" - a combination of drastic spending cuts and considerable tax increases set to take effect at the end of the year - would most likely lead to a fresh recession. Many other economists,...
ExecutionistHow concerned should businesses be about the fiscal cliff?

IMF cuts global growth forecast, citing slumping trade, policy instability

Advanced economies - including that of the United States - are projected to continue experiencing particularly low growth, with an overall expansion of only 1.3 percent expected for 2012. U.S. growth was projected to be 2.2 percent. Olivier Blanchard, chief economist at the IMF, linked low growth and uncertainty in...
ExecutionistIMF cuts global growth forecast, citing slumping trade, policy instability

Official data reveals complex picture of recovering labor market

The Department of Labor's Bureau of Labor Statistics (BLS) released its employment situation update for the month of September on Friday, October 5. According to the report, there was a net gain of 114,000 nonfarm payroll jobs in September - almost 50,000 fewer than the figure that was projected by last week's employment...
ExecutionistOfficial data reveals complex picture of recovering labor market

ADP employment report reinforces claims that private sector hiring is picking up

This blog has recently discussed a number of positive indicators concerning the trajectory of the U.S. economic recovery, including an uptick in manufacturing activity and rising consumer confidence. Today, we'll take a look at how the positive trend in public confidence regarding the economy may be affected by the most...
ExecutionistADP employment report reinforces claims that private sector hiring is picking up