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Monthly Archives: December 2009
Unemployment: A Comparison
Today, the Labor Department reported that nonfarm payrolls (jobs) decreased by 11,000 in November — the smallest decline since the recession began at the close of 2007. The following chart puts that decline into perspective by comparing job losses during the current economic recession (solid red line) to that of the last recession (dashed gold [...]
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Fed’s Beige Book a Mixed Bag
The U.S. economy “improved modestly” since early October, according to the Federal Reserve. Unemployment continued to increase,though at a slower rate. Additionally, Consumer spending picked up, and commercial real estate weakened. For a more complete report, click here.
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Beware of “Closet Index Funds”