Tonight at 7:15 PM ET, I’ll be appearing on CNBC’s Kudlow Report discussing policy initiatives for job growth in the United States.… …READ MORE
Monthly Archives: August 2010
Where the Jobs Are:
Yesterday, I wrote on the problems with the 99 week extension of jobless claims and how that contributed to higher weekly jobless claims and higher unemployment numbers. Today, I thought it might be good to show where jobs are in the United States. Here’s list provided by Payscale.com and beyond.com:
Physical therapist $59,547 – $72,999; Occupational therapist: $53,477 – $67,321; Sales representative: $32,711 – $48,120; Customer service representative: $28,261 – $39,102; Administrative assistant: $28,227 – $39,415; Retail sales associate: $23,589 – $40,744; Registered nurse: $46,797 – $65,210; Java developer: $62,571 – $85,438;
Project manager: $50,693 – $79,549; Project coordinator: $38,918 … …READ MORE
Where the Jobs Are:
Yesterday, I wrote on the problems with the 99 week extension of jobless claims and how that contributed to higher weekly jobless claims and higher unemployment numbers. Today, I thought it might be good to show where jobs are in the United States. Here’s list provided by Payscale.com and beyond.com:
Physical therapist $59,547 – $72,999; Occupational therapist: $53,477 – $67,321; Sales representative: $32,711 – $48,120; Customer service representative: $28,261 – $39,102; Administrative assistant: $28,227 – $39,415; Retail sales associate: $23,589 – $40,744; Registered nurse: $46,797 – $65,210; Java developer: $62,571 – $85,438;
Project manager: $50,693 – $79,549; Project coordinator: $38,918 … …READ MORE
99ers vs 26ers
Today, the WSJ carries an editorial from Harvard economics Professor Robert Barro entitled, “The Folly of Subsidizing Unemployment.” It explores a theory I subscribe to (and have been writing about for months) that the unemployment rate is higher than it should be due to the extension of jobless benefits from 26 weeks to 99 weeks.
Barro’s argument is the same one used in the 1990s that led to welfare reform in the United States. “The loss in efficiency results partly because the program subsidizes unemployment, causing insufficient job-search, job-acceptance and levels of employment. A further inefficiency concerns the distortions from … …READ MORE
Posted in Front Page Tagged consumer confidence, Federal Reserve, jobless benefits, unemployment 4 Comments
Why Politicians Don't Understand Jobs
http://www.cnbc.com/id/15840232?video=1574423833&play=1… …READ MORE
CNBC Appearance Today
Today at 11:30 AM ET, I’ll be appearing on CNBC’s The Call to discuss corporate tax cuts.… …READ MORE
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Bring Back Corporate Tax Cut Fruit!
As we stare into the economic double dip abyss, there are still some low hanging fruit to be picked by policy makers to aid the economy and business. With changes to the tax laws focused on increasing receipts to pay for spending, tax cuts seem to be out of favor. However, I think it would be a great time to discuss a cut in foreign tax earnings for US companies.
Under current law, US companies are subject to US tax on foreign earnings when distributed to the US unit as a dividend. Given lower tax rates in some countries abroad, … …READ MORE
Follow the Money
One of the symptoms of uncertainty that is pervasive in the economy right now is the large amount of cash that is sitting on companies’ balances sheets. According to FactSet, non-financial companies in the Standard & Poor’s 500-stock index are sitting on a record $2 trillion. The question arises: what will these companies do with all that money?
Along with strong profits, corporations are finding markets very receptive to high yield bond issuance as well. Two weeks ago, the high yield market had its largest week of issuance ever with $15.4 billion in deals. This has further fueled the amounts … …READ MORE
