In the U.S., all eyes on jobs

A rise in jobless claims shows that while a lot of companies have suspended layoffs, they still haven’t started hiring. When that cash will start burning a hole in their pockets is anyone’s guess.

President Obama is banking on his big speech strategy to turn things around for him politically.

With pundits placing the price tag in the $300 billion ballpark, it’s causing some to ask just how much stimulus has to be in queue to get the U.S. economy back on track.

While the Paris-based Organization for Economic Cooperation and Development cut its forecast for growth in the U.S. and other developed nations, the World Economic Forum dropped the U.S. in Global Competitiveness ranking. One bright spot for the U.S. came from the trade deficit numbers, which showed the gap widening on an expansion of exports from the world’s largest economy.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.