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Small Business Owners Remain Wary About Hiring in 2010

added: 28-05-2010

According to the latest Wells Fargo/Gallup Small Business Index, conducted April 12-16, small businesses remain hesitant to add more employees despite recent government incentives to promote hiring. When asked whether tax credits for hiring unemployed workers would encourage them to hire new employees in 2010, over half (52 percent) of respondents said “very unlikely.”

CareerCast.com/JobSerf Employment Index Reveals Impact of Economic Turmoil on Managerial Hiring

added: 28-05-2010

The CareerCast.com/JobSerf Employment Index retreated slightly to 89.0 in May, after three months of improvement. The Index, which measures managerial hiring activity online, had risen from 70.8 in January to 92.3 in April.

Small Businesses Added 25,000 New Jobs in May 2010

added: 28-05-2010

Small business employment grew by 0.1 percent in May, equating to a 1.6 percent annual growth rate, according to the latest Intuit Inc. Small Business Employment Index.

TrueCar Forecasts May Auto Sales and Incentives Spending

added: 28-05-2010

TrueCar.com, the authority on new car pricing, forecasted today that May 2010 light vehicle sales (including fleet) in the U.S. is expected to be 1,050,290 units, an increase of 7.0% from April 2010 and a leap of 13.6% from this time last year (on an unadjusted basis). May’s forecast translates into a SAAR level of 11.0 million new car sales.

Bankrate: Mortgage Rates Hit New Low

added: 28-05-2010

The average conforming 30-year fixed mortgage rate hit a new record low this week, inching to 4.92 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.42 discount and origination points.

Nearly Half of Americans Prefer Less Government Involvement in the Financial Services Industry

added: 27-05-2010

GfK Financial Services, a division of GfK Custom Research North America, announced highlights from a new OmniWeb survey that reveals almost half of Americans (42%) prefer the government take a less significant role in the financial services industry. Comparatively, only 26% of respondents say they'd like to see more government involvement.

More Than One-Third of Americans Are Less Trusting of Financial Institutions Than a Year Ago

added: 27-05-2010

A significant number of Americans have less confidence in the financial-services industry today than they did in the immediate aftermath of the Wall Street meltdown, according to a survey released today by AlixPartners, the global business-advisory firm.

New Index Finds U.S. Consumer Remains in Financial Distress Despite Pullback in Household Spending

added: 27-05-2010

While the U.S. economy is showing signs of recovery, the average U.S. consumer remains in financial distress – despite a significant pullback in household spending. These conclusions are among several key findings of the CredAbility Consumer Distress Index, a new quarterly measure that tracks shifts in the financial condition of the average American household.

Employers Brace for Health Care Reform-Related Cost Increases

added: 26-05-2010

Although U.S. employers view controlling health care costs as their highest health care reform priority, few believe that the recently enacted Patient Protection and Affordable Care Act (PPACA) will stem the tide of rising costs, according to a May 2010 survey by Towers Watson, a global professional services company. Despite these anticipated increases, nearly three-quarters of all large employers (74%) expect to continue to provide subsidized health care coverage for active employees.

The Conference Board Consumer Confidence Index® Increases in May 2010

added: 26-05-2010

The Conference Board Consumer Confidence Index® increased in May, its third consecutive monthly gain. The Index now stands at 63.3 (1985=100), up from 57.7 in April. The Present Situation Index increased to 30.2 from 28.2. The Expectations Index improved to 85.3 from 77.4 last month.

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