Tag: chief economist

Did the stimulus help?
ecthompsonmd August 25, 2010

With ugly economic news raining down on us like a monsoon, I think it is important to ask if the stimulus helped. Was it worth it? First the badness: Sales of newly built homes dropped to their lowest level since the government started tracking the numbers more than four decades ago, with demand for home purchases down in all four regions of the country. The Commerce Department reported Wednesday that new homes sold in July at an annual rate of 276,000, down 12.4 percent from June and down 32.4 percent compared with the same time last year. First, I would like

Read More
July jobless numbers (Updated)
ecthompsonmd August 7, 2009

I’ll have more later but here’s the numbers.  It looks better but… From NYT: The rampant pace of job losses slowed in July, an encouraging sign that the labor market is nearing a bottom as the broader economy struggles to recover, the government reported on Friday. The American economy shed 247,000 jobs last month, the smallest monthly toll since last August. While businesses are expected to keep cutting positions through the rest of the year, the Labor Department’s latest figures offered hopeful signs for the American worker and a measure of relief to the Obama administration, which has faced rising criticism

Read More
Special Edition of the Errington Thompson Show – The Economy
ecthompsonmd July 8, 2009

Jobs, Jobs, jobs If president Barack Obama has any thoughts of becoming a two-term president, he has got to create jobs.  The jobs numbers for June were not abysmal but they weren’t good either.  I talk with Dr. Heidi Shierholz from the Economic Policy Institute.  She is a Masters and Ph.D. in economics. The American economy has now lost 6.5 million jobs since the start of this recession.  Last month we lost 467,000 jobs.  During the first quarter of this year we lost an average of 691,000 jobs per month.  So the jobs market may be improving.  I mean were losing

Read More
Subscribe for updates!
ABOUT AUTHOR
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.

Books

A Letter to America

Get a copy now

The Thirteeneth Juror

Where is The Outrage Topics
Categories
FOLLOW ME ON
Facebook Twitter Youtube