Recovery from the recent massive job losses around the globe will likely not be swift nor immediate. In the United States, 14.34 million more people are unemployed than the total jobs created over the last decade since The Great Financial Crisis of 2009. In other words, in eight weeks, all the jobs created during the…
Tag: Unemployment
A prosperous evolution
Awoken at 6:46 am on the Saturday after the 4th of July, through groggy consciousness, I registered the staccato sounds of a teenage texter. I recalled that The College Board released the 2019 AP (Advanced Placement) Exam scores (at least in California) on that fine morning. His texts were the first of many I received…
Educational Investing Quagmire
As state revenues shrink, the subsidies to public K-12 schools and higher education systems will shrink proportionately, effectively increasing the (or likelihood of) fiscal deficits for educational institutions. In a recent Bloomberg News article discussing the economic state of affairs in California, the fifth largest state economy in the United States: California Governor Gavin Newsom…
Middle Class Wealth Erosion Set to Continue
The above chart depicts that the wealthiest and upper middle class have not only regained their wealth previous to the 2008 recession, but gained greater wealth, at the expense of the middle class and poorest classes. And, now, middle class and poorer families are facing an even greater economic downturn that has yet to be…
More on U.S. Employment
Presented for those of you wondering why new college grads are having a difficult time finding employment: The employment rate has been improving lately, but not nearly as much as the unemployment rate http://t.co/X52OksfI0v pic.twitter.com/Pjx8mS9AMV — Real Time Economics (@WSJecon) February 7, 2014
Ahead of the Curve: February 7, 2014
From Our Clients: SAT and ACT Prep: Each day, I talk with at least one parent concerned that their kid is not doing enough preparation for the SAT or ACT, who asks for advice how to motivate their kid to practice SAT and ACT questions. For most teens, the intention to prepare for the SAT…
Caution: For Soon-to-Be-Graduated College Students
As the chart shows, 18% of college graduates are currently living with their parents. In addition, unemployed college graduates are more likely to live at home (45% vs. 29%),