If the unemployment problem wasn’t bad enough in America, now even college graduates are facing a tougher time finding jobs in the increasingly weak economy. CNBC reports: It’s not only a bleaker job outlook 2013 graduates face. According to the Economic Policy Institute, the class of 2013 will likely earn less over the next 10-15 […]
Analysis
McDonald’s Big Mac tracks inflation better than government CPI
It was recently reported by Economic Collapse News that the government is going to change how the Gross Domestic Product (GDP) is calculated because the numbers don’t reflect kindly on the efficacy of government stimulus programs. Another way the government likes to fudge the numbers is by changing the way the Consumer Price Index (CPI) […]
U.S. shadow economy estimated to be worth $2 trillion
The Great Recession has caused staggering amounts of unemployment in the United States. With the real jobless percentage in the low to mid-20s, many are desperate and turning to any employment opportunity, even if it’s in the underground economy. It seems the only boom that has occurred since the economic collapse is the shadow economy. […]
Is this the Great Gold Panic of 2013?
The news of the U.S. mint running out of one-tenth ounce Gold American Eagles has led some to believe that there is panic buying in the gold market, as demand for physical gold bullion has been surging relentlessly since the recent decline in prices. But looking at the fundamentals of the economy, this surge in […]
Symptoms of the economic collapse: Small business and self-employment are in decline
Since the beginning of the economic collapse in 2007 there has been a significant decline in the number of people who are self-employed, and in particular, the number of self-employed people who establish their business as a corporation and have employees. The recession has effected all forms of employment, as the division of labor will […]