Fudging the Numbers?

As you will see in another article we have posted today under “Industry News”, unemployment is still ridiculously high in the midwest, but is it actually higher than what is being reported? When do you stop being a statistic? If you have been out of work over 6 months are you still counted in these statistics; How about being unemployed for over a year? The answer is unfortunately, we don’t know. After calling numerous government agencies, including the U.S. Department of Labor’s Bureau of Labor Statistics (BLS), we could not get a straight answer. We found it amazing that the people who publish these numbers don’t know where they come from.

It is reported that the national unemployment rate is currently 9.1 percent (according to the same article discussed above), how true is that number? We were told that after 6 months an out of work individual was no longer counted in these stats. Now we were also told that after 1 year the individual was no longer counted in these stats. Regardless of the timeline, there are people not being counted in the statistics. That’s frightening. Is it possible that unemployment is closer to 15% or even more? We truly believe it is.

We hope that our theory and the information we have gathered is incorrect, but we regret to inform you, we don’t think it is. We realize that the numbers will never be perfect and we don’t expect them to ever be, but we do expect them to be realistic. And at this point… We do not think they are.

Please send us your opinnions and what you think can be done to improve the current situation.

You can view your state’s current unemployment statistics and history at the BLS website.

High Unemployment Could Plague Midwest for 10 Years

A U.S. Metro Economies Report released this week by the U.S. Conference of Mayors had bleak predictions for 48 metro areas in which the report said it will take more than 10 years for unemployment to fall to pre-recession levels. Six of those metro areas are from Arizona and California, which were hit hard by the collapse of the housing market in 2008.

Eighteen of these metro areas are in the Rust Belt states of Ohio, Michigan and Indiana whose economies are largely based on manufacturing and were slammed by the decline of the auto industry during the 2008-2009 recession. [Read full story...]

JPMorgan to pay $153.6M to settle fraud charges

JPMorgan Chase & Co. has agreed to pay $153.6 million to settle civil fraud charges that it misled buyers of complex mortgage investments just as the housing market was collapsing.

J.P. Morgan Securities, a division of the powerful Wall Street bank, failed to tell investors that a hedge fund helped select the investment portfolio and then bet that the portfolio would fail, the Securities and Exchange Commission said. [Read full story...]

Mortgage Rates Set Fresh 2011 Low After Jobs Report

Home mortgage rates fell again to a fresh 2011 low as a week of downbeat jobs data fueled concerns over a possible economic slowdown this year, according to the latest survey from Freddie Mac.

The decline in fixed rates represented the eighth-straight weekly fall and comes after the Bureau of Labor Statistics this week said employers added far fewer private-sector jobs than expected. [Read full story...]

How To Block Facebook’s Face Recognition And Tighten Other Privacy Settings

Facebook is a necessary tool in today’s business world and, for many people, a great way to catch up with family and friends. The only downside is learning all of Facebook’s ins-and-outs. With that being said, It’s time for an updated guide to protecting your data on Facebook. Here’s how to turn Face Recognition off, and make your profile as safe as you’d like it to be. [Read full story...]

Don’t miss the deadline: October 31, 2011

What deadline are we talking about? We are talking about incentives being offered by the government to buy owner occupied properties. The government is “now adding incentives to unload properties: The expanded incentives offer qualified homebuyers up to 3.5 percent of the final sales price to put towards closing costs.” [Read full story...]

Who said “Social Networking” isn’t a big deal?

After reading this article, I was a little shocked. I know how important social networking is, but I really never attached a dollar figure to it. Seeing this astronomical number on paper really opened my eyes. “The social networking giant Facebook will likely go public in the first quarter of 2012, with a valuation that could top $100 billion, according to people familiar with the matter.” [Read full story...]

T E G Resources rolls out New Consulting Services

After over 6 months of research and perfecting our new line of services, we are extremely pleased to announce that as of today, June 1, 2011, TEG Resources, Ltd. has added 2 additional consulting services.

Numerous requests were pouring in for web design and web development services, unfortunately, at the time, we did not have the staff to meet these requests. Knowing that owning a website is an essential tool for all businesses, we began work on the Web Design and Development division in December of 2010. TEG has worked with some of its current clients to perfect our service. At this point we are confident that we can provide this service to meet any and all our client’s needs.

The second service being officially released today is our Government Program Consultation. This service started being offered on an extremely limited basis to TEG clients back in November of 2010. Applying knowledge gained through careful examination of the government application and registration process, we put together a team with a combined 23 years of previous government interaction, work, and contracting. With the support of our extremely patient clients, we have developed a seamless plan to get your business signed up as government vendor and if applicable certifed as a MBE or WBE company with multiple levels of government.

Our goal at TEG Resources, Ltd. is simple: We help our clients obtain optimum results through collaborative consulting. Thanks to your comments and requests, we are now able to offer these services to all our current and future clients.

Please keep the requests and comments coming…