About Charles Sherry
Basic Information
About Charles Sherry
- Biography
- I invested 6 yrs at Charles Schwab researching/writing about major events impacting financial mkts.
- Location
- Castle Rock
- Interests
- hiking, snowshoeing, skiing, anything snow!
- Occupation
- Freelance as National Economy Examiner at Examiner.com
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Total Posts
- Total Posts
- 2
- Posts Per Day
- 0.01
Visitor Messages
- Total Messages
- 5
- Most Recent Message
- 05-07-2009
Blog - Tomorrow's Economy Today
- Total Entries
- 3
- Last Blog Entry
- Recession still easing despite high unemployment 07-06-2009 07:43 PM
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General Information
- Last Activity
- 09-20-2009 06:50 PM
- Join Date
- 05-06-2009
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by
Charles Sherry on 07-06-2009 at 07:43 PM
Its been a while since I've put my thoughts on this blog, but I wanted to take a moment to talk about June's lousy jobs report.
In my view, the recession continues to slowly ease and I still believe a bottom is in sight. Most reports that gauge economic activity suggest this is the case, including June's look at the broad-based service sector.
May's nonfarm payroll number, though still weak by historical standards, was much better than expected. But as many of you
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by
Charles Sherry on 05-08-2009 at 07:44 AM
The unemployment rate rose from 8.5% in March to 8.9% in April, the highest level in 26 years and companies continued to trim payroll. Details can be found on my post at Examiner.com.
What I want to do here is compare the three worst recessions since the 1970s and how they affected employment on a percentage basis.
The chart I put together comes from data provided by the Bureau of Labor Statistics and reflects the percentage decline in the number of jobs from the peak
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by
Charles Sherry on 05-07-2009 at 12:53 PM
Of all the economic reports that wind up in the newspapers, the labor report is one of the most anticipated because of its large influence on Federal Reserve policy and politics at the national level. The ease or difficulty in finding employment has a big impact on consumer psychology, and in turn, politicians keep a close eye on the figures.
This recession is turning into one of the worst economic slumps since the 1930s, impacting nearly all segments of the economy. As a result,
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