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US Mass Layoffs in May 2009

added: 24-06-2009

Employers took 2,933 mass layoff actions in May that resulted in the separation of 312,880 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month, the Bureau of Labor Statistics of the U.S. Department of Labor reported.

Corporations Slow to Adopt Social Networking and Web 2.0 Tools, According to Survey by Frost & Sullivan

added: 24-06-2009

Frost & Sullivan, the Growth Partnership Company, is pleased to announce the results of its end-user survey, 2009 Corporate Use of Social Networking, an evaluation of how social networking is used in enterprises. The survey presented questions on corporate use of social networking, policies regarding corporate social networking sites, and the utilization of Web 2.0 tools. The survey includes responses from 1,439 participants.

Eighty-Six Percent of Consumers Believe Profitable Businesses Can Address Social Issues

added: 24-06-2009

A new study finds that 86 percent of consumers believe that profitable businesses can address social issues. The poll, conducted May 18-28, 2009, among a sample of 511 consumers and 320 marketing professionals nationwide, highlights the current state of key consumer perceptions in the area of corporate social responsibility.

No Clear Consensus in Stabilization but CFOs Anticipate Economic Recovery within Next Two Years

added: 24-06-2009

Chief financial officers' confidence in the U.S. economy saw signs of improvement for the first time in over two years, but revealed declined optimism toward their own companies, according to the most recent survey of CFOs conducted by Financial Executives International (FEI) and Baruch College's Zicklin School of Business. While CFOs are taking a cautious approach in regard to capital spending and hiring, they see light at the end of the tunnel, forecasting an end to the current recession by 2011.

New National Poll Reveals Economic Abuse Defined Differently on Main Street than Wall Street

added: 24-06-2009

While 70 percent of Americans know people who are or have been victims of domestic violence, nearly the same percentage of Americans fail to see a connection between domestic violence and "economic abuse," according to a new national poll released by The Allstate Foundation.

After Weeks on the Rise, Mortgage Rates Finally Drop

added: 24-06-2009

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages decreased last week to 5.58 percent, down from 5.72 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®. Meanwhile, rates for 15-year fixed mortgages fell to 5.01 percent from 5.18 percent, and 5-1 adjustable rate mortgages remained flat at 4.73 percent.

Companies Planning to Reinstate Some Programs Cut During the Economic Crisis

added: 23-06-2009

With signs that an economic recovery might be nearing, a majority of U.S. employers plan to reverse some, but not all, of the changes they've been making to their pay, benefits and other HR programs, according to the latest update to an ongoing series of surveys by Watson Wyatt.

Attitudes Still Overwhelmingly Negative on Economy and Job Market

added: 23-06-2009

After a few months of drifting upwards, attitudes on the economy have moved back down this month. In May, one-quarter of Americans (25%) thought their household’s financial situation would be getting better in the next six months while three in ten (30%) thought it would get worse and 45% said it would remain the same. Now, just one in five (21%) say their household’s financial situation will get better while one-third of Americans (33%) believe it will get worse and 45% still think it will remain the same.

Foreclosure and Mortgage Rate News Shows Little Hope the Housing Crisis is Near an End

added: 23-06-2009

According to ForeclosureWarehouse.com, reports in the media have focused largely on small improvements in the real estate market in order to restore confidence to prospective homebuyers. However, careful analysis of the data suggests the sluggish market and reduced ome prices are not going anywhere any time soon.

Air Transport Association Reports Decline in Passenger Demand, Cargo Traffic

added: 23-06-2009

The Air Transport Association of America (ATA), the industry trade organization for the leading U.S. airlines, reported that passenger revenue fell 26 percent in May 2009 versus the same month in 2008 - the seventh consecutive month in which passenger revenue has fallen from the prior year.

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