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Economy Adds 175,000 Jobs, Unemployment Rate Rises Slightly to 7.6%

Job growth in May beat economists' expectations, coming in at 175,000 new positions added, which aligns closely with the yearly average. The unemployment rate rose ever so slightly, from 7.5 percent to 7.6 percent, a result of more people entering the work force, according to the Labor Department.

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Category: Economy Tags: , ,
Prostitution
Evans, Getty Image
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Brothel Owner Recommends Legalized Prostitution to Fix Economy

There is one business that continues to flourish no matter how unstable the American economy seems to become: prostitution. And while lawmakers are currently struggling to figure out ways to keep the country from tipping right over the fiscal cliff, there are some that believe the solution lies in legalizing and taxing the sex trade.

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President Obama Signs The Middle-Class Tax Cut Bill
Pool, Getty Images
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Your Taxes Will Almost Certainly Go Up in January, and Congress Won’t Stop It — Dollars and Sense

Regardless of who wins the presidential election, starting January 2013 some 163 million workers across the United States will be slapped with a significant tax increase.

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J
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What Are the Best and Worst States for Business?

While taxes are a way of life not all tax systems have been developed equally, according to the 2013 State Business Tax Climate Index by the Tax Foundation.

The Foundation’s latest report was released today, ranking the states most and least friendly to do business in based on factors like individual income tax, sales tax, corporate income tax, property tax and unemployment insurance tax.

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Category: Economy Tags: , , ,
shaking hands
John Moore, Getty Images
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How Hard Is It to Get a Job if You’ve Been Out of Work for 6 Months? — Dollars and Sense

They say the best time to look for a new job is when you already have one. Turns out there might actually be something to this phenomenon: New research suggests that the longer you're out of work, the harder it gets to find a new job.

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Category: Economy Tags: , ,
college graduates
Lesliebyk, Flickr
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Job Market (Finally) Improving for College Grads — Dollars and Sense

For recent college graduates, the economic downturn and very, very slow recovery of the past few years have been brutal. But things may be looking up.

According to the Job Outlook 2013 survey, employers are on track to hire 13 percent more graduates from the class of 2013 than they did for those who walked away with their degrees in 2012.

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espensorvik, Flickr
espensorvik, Flickr
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Americans Are Spending Money Again — Dollars and Sense

Economically, it’s been a rough few years. But things seem to be improving — a new survey says that for the first time since 2009, Americans aren’t pinching pennies quite the way we used to.

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jmrosenfeld, Flickr
jmrosenfeld, Flickr
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Does Drinking More Booze Mean the Economy Is Improving?

Check all the charts and graphs you want, but finding proof of financial optimism may be as simple as visiting your local liquor store.

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Category: Weird News Tags: , ,
Topical Press Agency/Getty Images
Topical Press Agency/Getty Images
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Made In America – Industries That Are Still Hanging On

The Haynes car. One of the first cars to hit the road back in 1893. America was getting ready to turn the corner and head into the next century as an industrial giant.

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Category: Economy Tags: , ,

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