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The job market is worse than you think

January 8, 2009

Brian Battle reacts to the latest government unemployment numbers.   He said it was important to note that the average workweek declined from 33.5 hours in November to 33.3 hours in December, and that spooked him more than the other numbers. “It looks like people that are still employed are working less," Battle said. “That portends more job cuts in the future.  Companies might be keeping people now, but eventually will have to let them go if they are working less."

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Stocks knocked by recession fears

January 7, 2009

Brian Battle comments on the day’s financial markets. “Attendance is higher and people are paying attention again to the numbers," Battle said. “I don’t think the job news is that surprising, but it’s a reminder that we continue to face a global economic erosion." He said some uncertainly about the timeline and content of an economic stimulus plan was also in the mix.

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