Signs of business and technology

Unlike the UK the US has figured out that the only reason petrol is so high is because the suppliers evaluate petrol as a price inelastic good, unlucky for them. The price per barrel of oil has dropped down to $115 after a continual decline in the demand for oil.

Maybe this shows a change in the trend and the suppliers will finally see that holding back their supply of oil in order to push up prices will no longer work in this now eco-friendly world.

With the lowering prices in oil (most likely due to the recession) the US economy may have a chance to recover much faster then anticipated but no business is holding its breath and neither are the citizens.

The ONS said the employment total hit 29.5 million in the quarter, the highest since records first began in 1971. The number claiming jobseeker’s allowance in March fell by 1,200 to 794,300, the lowest total since 1975.

Don’t start shouting that it means the UK isn’t falling into recession because analysis’s are suggesting that the job market is weakening and with the economy falling on hard times this might be a short lived victory, though a victory non the less.

The ONS said the number of people claiming jobseeker’s allowance in February rose by 600, instead of a previously reported fall of 2,800. This was the first rise in this total since September 2006. Businesses are already moving to cheaper countries in terms of labour, corporation tax and less restrictions this is leading to job loses as well as the fact the retail market is failing and more ‘costs’ in the form of workers are being cit in order to save money.

This site will cover a variety of details in the business and the tech. world. The business topics to be covered in this blog are the following:

Signs of how a business is failing.

Signs on how a business is succeeding.

Signs of where the business is heading

On the contrary, you can expect a great deal of information in technology

Where is the tech industry headed

Where is technology heading?

What advancements can we see?

New innovations?

Do expect some great news on both sector.