Business

That $1.2 billion? It's around here some place

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Australian Housing Valuation Bubbles

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Recovery finally starts to reach job market

Recovery finally starts to reach job market

Technically, the recession has been over for nearly two years, since June 2009, but the job market has been agonizingly slow to recover. Now there are encouraging signs that may be changing.The March unemployment rate fell to 8.8 percent, its lowest in two years, and the economy added 216,000 jobs, ... Read more

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Fantasy football fans are true lovers of the game

Fantasy football fans are true lovers of the game

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New rumours of a Facebook phone

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NEC & Lenovo announce new strategic partnership in Japan

NEC & Lenovo announce new strategic partnership in Japan

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Nick Leeder new head of Google Australia

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Nick Leeder is the new head of Google Australia, having joined the firm at a rather unique time, that is perhaps best described as a watershed period. Having lost long-time Google staffer Lars Rasmussen to rival Facebook, the firm is no longer the new kid on the block exhibiting explosive growth, ... Read more

Motorola becomes Motorola Solutions and Motorola mobility post split

Motorola becomes Motorola Solutions and Motorola mobility post split

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Facebook is trying to reshape communication, and in doing so bring an end to conventional email. Mark Zuckerberg spoke candidly of the need to find a better way to communicate, a more natural way to communicate that did away with some of the unnatural aspects of email style communication. He spoke o... Read more

How has the global recession impacted on the Australian retail industry?

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Google announces new WebP image format

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Google has recently released a new image format that is about 40% smaller than JPEGs, but there is one drawback, the new svelte format takes quite a bit longer to encode. It is nonetheless an intriguing development within image standards, an area where there has been some standards inertia for some ... Read more

Ebay reloaded

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Facebook not making a phone, looking for deep social integration

Facebook not making a phone, looking for deep social integration

Reports have been circulating through the net that Facebook the social networking giant was looking to push its ubiquitous platform more heavily by producing and marketing its own phone. It was an intriguing supposition, the online behemoth taking on the hardware and software dominance of technology... Read more

John Maynard Keynes and the Global Financial Crisis

John Maynard Keynes and the Global Financial Crisis

Keynes is best known as the author of the General Theory … published in 1936.  Outside of Chapter 12, which is on long-run expectations, the book is not well written as compared to Keynes’ other efforts.   It is as if he had forgotten his past, his writing style changed, a man under mental stress no... Read more

Airline Alliances get a little more interesting, as Branson’s Virgin enters the fray

Airline Alliances get a little more interesting, as Branson’s Virgin enters the fray

Richard Branson is known for his unique approach to business and his ability to generate significant interest and support for his new ventures. From Virgin Music to Virgin Galactic, the serial entrepreneur has seemingly done it all. Yet his most recent venture speaks volumes about his business pragm... Read more

HP holds the lead with Dell in second, Lenovo making gains

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It has been quite a year in the personal computer market; Matthew Wilkins of iSuppli has reported that first quarter sales reached a record 81.5 million, effectively about a 23% increase on 2009. HP remains the producer by market share, accounting for just over 18% of the total market equating to 14... Read more

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Amazon has just released a new Kindle. While the devices are aesthetically and functionally similar to prior devices the new devices are differentiated in several key ways. The Kindle is 3G enabled making it one of the first e-ink devices with this capability. While this may seem somewhat unremarkab... Read more

The Keynote Blog

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The Financial Historian

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The Analyst is pleased to announce that Professor Edwin Maberly and Dr. Raylene Maberly Pierce are going to be commencing their column on financial history in the coming weeks (titled the Financial Historian, the frequency of publication TBA). Both Ed and Raylene are recognised as experts in the are... Read more

Featured Analyst opinion

Featured Analyst opinion

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06
Apr

Recovery finally starts to reach job market

Written by Dale McFeatters on 06 April 2011.

Technically, the recession has been over for nearly two years, since June 2009, but the job market has been agonizingly slow to recover. Now there are encouraging signs that may be changing.
The March unemployment rate fell to 8.8 percent, its lowest in two years, and the economy added 216,000 jobs, along with the 200,000-plus added in February, making those the strongest two months of hiring since the recession began in December 2007.
The unemployment rate has dropped a full percentage point over the past four months, making it the sharpest drop since 1983, when we were coming out of another bad recession.
The Associated Press notes that if hiring continues at this rate through the end of the year, the economy will have generated 2.5 million new jobs. While that's good, it's still not enough to make up for the 7.5 million jobs lost during the recession or employ the 13.5 million out of work.
The underemployment rate -- the percentage of people who are so discouraged that they have quit looking for work altogether and those who work part-time but want full-time jobs -- fell to 15.7 percent.
The unemployment rate may rise again, but for a good reason. As the job picture brightens, discouraged workers, who are not counted in the regular unemployment rate, may come flooding back into the job market, swelling the size of the workforce.
Employment shrank in construction, transportation and telecommunications; and after four months of layoffs, appears to have bottomed out in state government. But hiring in other sectors was more than healthy enough to offset that shrinkage plus the 15,000 layoffs by local governments.
More than anything the Republicans do, the economy will be the significant factor in whether Barack Obama is re-elected president. The jobs figures --"signs of real strength" -- left the president almost giddy.
At a visit to a UPS facility in the Washington suburbs, Obama said that making sure good jobs were available to any American who wants one "is the first thing I think about when I wake up every morning. It's the last thing I think about when I go to bed each night."
Hold that thought, Mr. President. The March numbers show we're getting there, but we're not there yet.


Dale McFeatters is a political analyst,his regular columns feature in the Analyst e-edition and monthly


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