13 Jan

Is Economy recovering? The BLS report suggests something different.

The economic news released by bureau of labor statistics today i.e. Tuesday, January 12, 2010 has something very different and opposite to what most of us are thinking. As per all the current news and posts the economy is recovering but it seems it must be recovering on some specific segments. There are less than 50% jobs for the officially unemployed 15.3 million US citizens.

 Job Openings and Labor Turnover – November 2009

There were 2.4 million job openings on the last business day of
November 2009, the U.S. Bureau of Labor Statistics reported today. The
job openings rate was little changed over the month at 1.8 percent.
The openings rate has held relatively steady since March 2009. The
hires rate (3.2 percent) and the separations rate (3.3 percent) were
essentially unchanged in November. This release includes estimates of
the number and rate of job openings, hires, and separations for the
total nonfarm sector by industry and geographic region.

Job Openings

The job openings rate was little changed in November at 1.8 percent.
After falling steeply from mid-2007 through February 2009, the job
openings rate has been steady at 1.8 percent or 1.9 percent since
March 2009. The number of job openings fell by 2.3 million from the
most recent peak in June 2007 to April 2009 but has declined by only
98,000 since. The job openings rate was essentially unchanged in all
industries and all four regions in November.

Read the detailed report at bls website.
31 Dec

India Food Price Rise: Revisiting on New Year eve 2010

The Year that I am writing in is just on the corner to end and the new year is ready to gear-in. There are numerous lessons learnt and lot of thoughts on how to make the coming years better.

Just a few days back I was back to my home country “India” and I was very much disturbed by the rising prices of the food items hence making the life of not even poor but even the middle class a real challenge. Since the advent of this Globalization the prices have really sky-rocketed. India surely has benefited from this globalization but the benefit has only gone to the minority and that too at a cost of sky-high prices of all food items.

During the same time I got a lot of chances to go and live in the country side and have interaction with the farmers. The farmers complained low income potential in agriculture which was a shock to me. I was expecting that they must be the most privileged after looking at the prices in the market. The existence of the age-old mal-practice that the farmer still gets the same old prices for his crop and all the money is made by the traders  came into limelight in all such discussions. For a cabbage that the farmer still sells for 1.5-2 Rs/Kg is sold at more than 10 Rs/Kg in the markets etc.

The worst part to the whole problem is that the Government is still not doing enough to control this. The biggest challenge for the Indian Government should be to control the inflation and bring it down. The cabinet needs to understand that the masses in India don’t need cheap automobiles but food items at cheap prices. Hope someone is listening………

I would recommend a very nice article by Arindam Chaudhuri.