Archive for July 17th, 2010

It Will Take 5 to 11 Years to Recover Our Lost Jobs

July 17, 2010

From the left-of-center Brookings Institute: How long will it take to erase this gap? If future job growth continues at a rate of roughly 208,000 jobs per month, the average monthly job creation for the best year for job creation in the 2000s, it would take 136 months (more than 11 years). In a more [...]

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FDIC Friday

July 17, 2010

From Reuters: Regulators closed eight U.S.-insured banks with combined assets of $2 billion on Friday, raising the number of failed banks to 96 this year, said the Federal Deposit Insurance Corp. 140 banks failed in 2009, and we’re on track to beat that number for 2010 – with nearly 6 months left, we’ve room to [...]

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