Intersecting Minds: Education, Business and Technology at the North Carolina State Jenkins Graduate School of Management

Friday Quick Links | February 5, 2010

Today’s focus remains on jobs:

– The unemployment situation in this country is slightly worse or slightly better depending on how you look at it. First, the jobless rate fell to 9.7%, which is good news.

– But the bad news is that the economy shed another 20,000 jobs in January, deepening the number of unemployed in this country. By some estimates, almost 18% of the country’s workforce is out of a job or can’t find full-time employment. That is a scary number.

– While the numbers indicate that the US economy is poised to start adding jobs again, this graph from Calculated Risk shows just how far we have to go to climb out of the hole (click link for larger version):

– Meanwhile, the US Senate has reached an “impasse” on financial regulation. Reforming the financial system will be a key ingredient to sustaining a long-term economic recovery for the United States.

All in all a rough week, and more signs pointing to the fact that any type of economic recovery will take an extended amount of time to unfold.

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