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Adam Rombel is editor-in-chief of The Central New York Business Journal. He has been a business reporter, writer, and editor for 12 years, including several years in New York City covering global business news. Contact him at arombel@cnybj.com
To say the job market has been slow to recover is a vast understatement. Even though the economy grew for the entire second half of last year — 2.2 percent in the third quarter and 5.9 percent in the fourth quarter — employers have continued to cut jobs and have been reluctant to hire.
The U.S. Commerce Department reported Jan. 29 that the nation’s real gross domestic product (GDP) soared at an annual rate of 5.7 percent in the fourth quarter of 2009. That’s the fastest growth rate since 2003.
The nation's GDP jumped 5.7 percent in the fourth quarter of 2009, the U.S. government reported this morning. Great news, right? The number is not as strong as it seems.
Evidence continues to mount that a jobless economic recovery is under way and will continue for some time. Uncertainties about the longevity of the recovery and government-policy changes are scaring many business owners from adding to their payrolls.
The Associated General Contractors of America said federal data shows that 38 states and the nation's capital saw double-digit percentage drops in construction employment between January 2009 and January 2010.
Everyone assumes that health-care costs in America are rising too rapidly.
“On a per-capita basis, health-care spending increased by a factor of six between 1965 and 2005, after adjusting for inflation,” say Jason D. Fodeman and Robert A. Book, co-authors of a Heritage Foundation study entitled “Bending the Curve: What Really Drives Health Care Spending” (February 17, 2010).
The landscape for financing early-stage companies continues to evolve, as does the rest of our economic system. As venture-capital (VC) funds have grown in size over the past decade from the significant influx of money from institutional investors, so has their appetite and need to deploy greater amounts of capital. This sounds like a good thing at first for those of us wanting to raise money for startups.
Top Ranks Lists The 2008 Book of Lists electronic edition may be downloaded in Excel format. These 57 lists include key business information (when available) such as number of employees, revenue, products/services offered, and top executives for each company.
ACCOUNTING Dee Moerman has joined Daniel T. Dreimiller, CPA, P.C., as senior accountant. Moerman will be responsible for various accounting and income-tax services in all industries served by the firm. She is a certified QuickBooks adviser and has extensive experience with sales and payroll taxes. Prior to joining the firm, Moerman was a senior accountant in the small-business services department with ParenteBeard, LLC. She has 13 years public accounting experience.
Adam Rombel is editor-in-chief of The Central New York Business Journal. He has been a business reporter, writer, and editor for 12 years, including several years in New York City covering global business news. Contact him at arombel@cnybj.com