For the week of June 4, 2012 a summary of key indicators shows that the economy is weakening. The pace of the weaknesses very slow, but it is rather broad. The question is whether it is temporary.
Obama’s White House press conference today centered more on reassuring markets and building confidence in the recovery than on offering new proposals to address the current market turmoil.
Small business account for the majority of new jobs. However, their hiring depends upon demand from consumers, business-to-business sales, corporate supply chain and government purchasing.
China is an economic powerhouse, but it has some significant problems to overcome. In the near future, the health of the world’s economy will still be determined by what happens in the US.
To sustain US employment growth more attention must be given to minority-owned businesses. The government’s small business policies must put more attention on minority businesses.
CNN anchor Suzanne Malveaux interviews Gazelle Index CEO Danny Boston regarding the June, 2012 jobs report. Boston sees a silver lining behind the disappointing unemployment report.
The May Jobs Report showed unemployment increased to 8.2% and 69,000 new jobs created. Also, the labor force expanded by 642,000 and 422,000 more people were employed. The latter two figures are good.