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Economic Outlook Improves, But Unemployment Situation of Concern
The worst post-Depression economic decline seems to have slowed, but unemployment and the prospect of a jobless recovery remain a concern, U.S. Federal Reserve Chairman Ben Bernanke told lawmakers on Capitol Hill yesterday (Tuesday).
“Better conditions in financial markets have been accompanied by some improvement in economic prospects,” Bernanke said in a prepared testimony before the House Committee on Financial Services. “Businesses have continued to cut capital spending and liquidate inventories, but the likely slowdown in the pace of inventory liquidation in coming quarters represents another factor that may support a turnaround in activity.”
Still, the rising unemployment rate in the United States…
23Jul2009 | Money Morning | 0 comments | ContinuedManagement Strategies in a Jobless Recovery
You’re a manager for a mid-sized U.S. company that’s been forced to slash its work force because of the global financial crisis. And you’ve just received a new assignment: You’re to take over a key department that was hit harder than most by the layoffs.
Morale and productivity have plummeted. Your mandate: Fix it.
It’s one of those assignments that can either be a career-maker – or a career-ender. You want to make sure it’s the former, not the latter, and need to make all the right moves.
What do you do?
In an economy in which the unemployment rate just hit a 25-year…
2Jul2009 | Money Morning | 1 comment | Continued
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