Federal Reserve predicts the unemployment rate will stay above 6.5 percent for about two more years. Policymakers expect the economy to grow as little as 2.3 percent this year, not enough to quickly drive down unemployment.
Lower income workers have posted the biggest job gains since the deep 2007-09 recession. Those earning $35,000 or less annually are generally pessimistic about their finances and career prospects. Many see themselves as worse off now than during the recession.
Workers have little faith that the economic recovery and the stock market’s climb have left them better-prepared for retirement. Job security and financial security continue to be Americans’ major concerns.
Gas prices drove U.S. consumer costs up in February by the most in more than three years. Food prices increased 0.1 percent.
Obama administration is facing criticism for giving $250 million in aid to Egypt while saying the recent sequester has forced drastic cutbacks elsewhere in the budget including forcing the release of illegal immigrants from jail.
Why is common sense so uncommon?
Posted in Business, Congress, Country, Democrats, Economics, Economy, Food cost, Government, Health, News, Republican, Retirement, Senate, Society, Taxes, Unemployed
Tagged 2013, bureaucrats, Business, Congress, Democrats, Depression, Economy, Government, News, Obama, Recession, Republicans, Senate, Society, Taxes, unemployed
Unemployed? Ask your union why, they know it is mostly Union Leadership or more to the point Failure In Union Leadership that caused You to be unemployed!
Source Hostess to close, lay off 18,500 after ‘crippling’ union fight
After 82 years a strike by members of the Bakery, Confectionary, Tobacco Workers and Grain Millers International Union (BCTGM) Has Killed an American Company and it’s product lines, Twinkies, Ding Dongs, Ho Ho’s and Sno Balls.
Union inflexibility and unrealistic demands has forced Hostess company to lay off 18,500 employees and to liquidate (sell) to the highest bidder. Hostess Brands spokesman said “Hostess Brands has no other alternative than to begin the process of winding down and preparing for the sale of our iconic brands.”
Why is common sense so Uncommon?
Posted in Business, Country, Economics, Economy, Food, Food cost, Freedom, News, Society, Survival, Unemployed
Tagged 2012, BCTGM, Business, Ding Dongs, Economy, Food, Ho Hos, hostess, News, Sno Balls, Society, Twinkies, unemployed, unions