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December Unemployment 6.7% and fewer Jobs Created: Aberration or Trend? (1/10/2014)

The unemployment rate finally declined beneath the 7% threshold and reached 6.7% in December, according to the Labor Department’s Monthly Employment Report. However, the number of new jobs created was less than a...

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Reasons to be Optimistic about December Jobs Report(1/9/2014)

On Friday the Labor Department will release its latest report on employment and unemployment during the month of December. Most economic forecasters expect an okay report, but not one that is significantly better than...

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Economy Enters New Phase of Recovery (12/20/2013)

What’s new about the current phase of the economic recovery is all sectors are moving forward in sync. It’s like an automobile that is firing on all cylinders, rather than a few. This is not happened in the four and...

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Noisy Employment Data- we must wait another month to find out the truth!

There are two major sources from which we gather data on employment and unemployment; the establishment survey and the household survey. The first showed a very positive trend and the second displayed and alarmingly...

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U.S. House Continues Dangerous Game of Political Chicken with the Economy

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The US House of Representatives appears to have shifted tactics from fighting over the debt ceiling to defund Obamacare, to fighting over the continuing resolution, i.e. funding government operations. Either way, it is...

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House Vote Fuels a Perfect Storm for a New Recession

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There are three reasons why a perfect storm for a new recession is developing rapidly. The House of Representative's latest vote, to fund the government but de-fund Obamacare may be the ingredient that tips the economy...

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Black Unemployment in South Africa and the US: Problems and Solutions

In South Africa, black unemployment was 29.1% in 2012 and white unemployment was 6.1%. In January 2013, black unemployment in the US was 13.8% and white unemployment 7.0%. Comprehensive solutions are needed....

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Role of Government Contracting in Minority Business Development

Government opportunities prompted an increase in minority business startups and lead to the formation of more successful companies; minorities are also more dependent on government opportunities....

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Inequality in America: Wealth, Jobs and Race

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Inequality for blacks and Latinos has worsened over time. Whether measured by wealth, income or jobs, the picture is dismal. Blacks and Latinos make up 27% of the workforce and 40% of all unemployed workers....

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Latino, Black and Asian Firm Capacity & Mentor Protégé Programs

Two major challenges that are facing minority businesses are building greater capacity and improving management efficiency. Corporate mentor protege programs can assist in this regard....

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