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Adam Rombel is editor-in-chief of The Mohawk Valley Business Journal. He has been a business reporter, writer, and editor for 14 years, including several years in New York City covering global business news. Contact him at arombel@tmvbj.com
Another month brought more disappointing news on the pace of hiring. Businesses added fewer jobs than expected in July, and previous estimates of private-sector hiring were revised downward, the U.S. Bureau of Labor Statistics reported today.
You can feel it can’t you? I’m talking about the palpable sense of unease many business owners and consumers have about the economy and their own financial condition.
For the second month in a row, the U.S. Bureau of Labor Statistics (BLS) issued sobering news on the jobs front with its June employment report.
For the second time in a month, the U.S. Bureau of Labor Statistics (BLS) today issued more sobering news on the jobs front.
The BLS reported that the national unemployment rate fell to 9.5 percent in June, from 9.7 percent in May. Good news, right? Normally, that would be considered improvement. The problem is the size of the national labor force plunged by 652,000 people last month, according to the BLS survey.
To say the national jobs report issued June 4 by the U.S. Bureau of Labor Statistics (BLS) was a disappointment is a vast understatement. If you take out the hiring of temporary government workers for the 2010 Census, the U.S. economy produced virtually no net job growth in May.
Whittet currently also serves as a director and vice chairman of the company and the bank. He served as president and CEO from 1998 until he retired in 2006. Whittet first joined Wilber in 1972.
Spending on office buildings, which has dropped 47.5 percent since the September 2008 record-spending high, is nearing a 13-year low, according to the Institute for Trend Research. Permits for new-office construction have dropped 26.7 percent just since last December. Office vacancy rates in the second quarter of 2010 increased to 17.4 percent, the 10th consecutive quarterly rise. Construction of office buildings is projected to close 2010 at nearly 32 percent below 2009.
Even the most self-assured and stoic among us feel the intensity of the times. The economic recovery seems quite elastic at best. Today’s good news can disappear as quickly as it appeared.
BANKING & FINANCE Wilber National Bank has appointed Kenneth W. Giblin, Jr., to the position of senior mortgage account representative in its Provantage Home Loans division.
Top Ranks Lists The 2010 Book of Lists electronic edition may be downloaded in Excel format. These 62 lists include key business information (when available) such as number of employees, revenue, products/services offered, and top executives for each company.