Day: May 2, 2014

Jobs Report – March

So all of the doom and gloom over the economy we saw earlier this week seems to be over nothing. The jobs report is better than expected. From BLS: Total nonfarm payroll employment rose by 288,000, and the unemployment rate fell by 0.4 percentage point to 6.3 percent in April, the U.S. Bureau of Labor Statistics reported today. Employment gains were widespread, led by job growth in professional and business services, retail trade, food services and drinking places, and construction. Household Survey Data In April, the unemployment rate fell from 6.7 percent to 6.3 percent, and the number of unemployed persons,

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Hail the CEO and Spit on the Workers

I’m all for rewarding strong performances by CEOs and by workers. If someone does a good job they should be rewarded. A worker who does the extra things to make sure things go smoothly should be rewarded, as should a worker who comes up with a new innovative process to get the job done more efficiently. The CEO who figures out how to cut costs and streamline production should be rewarded. I simply don’t understand how CEOs who watch their company’s share price fall over a three-year period are rewarded with a huge bonus. Why isn’t the company board immediately fired?

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Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.


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