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Older Worker Confidence in Retirement Security Drops Sharply, Watson Wyatt Survey Finds

added: 03-06-2009

Older workers are much less confident about their retirement security than they were two years ago as a result of the financial crisis, according to a new survey by Watson Wyatt, a leading global consulting firm. The survey also found that workers with defined benefit (DB) plans are much more confident in their retirement prospects than those who participate only in a defined contribution (DC) plan.

East South Central and West South Central Regions Most Optimistic About Financial Hiring

added: 03-06-2009

Employers are expected to remain cautious about adding accounting and finance professionals in the third quarter, according to the Robert Half International Financial Hiring Index. Five percent of chief financial officers (CFOs) expect to hire full-time employees during the third quarter while 8 percent anticipate personnel reductions. The majority of respondents (85 percent) say they plan to maintain their current staff levels.

US Mortgage Rates Surge Late Last Week

added: 03-06-2009

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages increased last week to 5.25 percent, up from 5.02 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com(R). Meanwhile, rates for 15-year fixed mortgages rose to 4.78 percent from 4.60 percent, and 5-1 adjustable rate mortgages rose to 4.48 percent from 4.27 percent the week prior.

Young Adults Rely on the Internet for Economic News

added: 02-06-2009

Young adults rely heavily on the Internet for economic news, according to a nationwide study released by the Donald W. Reynolds National Center for Business Journalism.

Foreclosure Starts Hit One Million So Far This Year

added: 02-06-2009

A dismal milestone was reached over the weekend: One million new foreclosures have been filed so far in 2009, according to estimates by the Center for Responsible Lending. This comes on the heels of a new report from the Mortgage Bankers Association, the first quarter 2009 National Delinquency Survey, showing that 12% of all mortgages are now delinquent - the highest level since the MBA started measuring 37 years ago.

Dow Jones Economic Sentiment Indicator Rises Slightly in May

added: 02-06-2009

The Dow Jones Economic Sentiment Indicator (ESI) continued a trend of modest improvement in May rising to 29, up from 27.6 in April.

Surviving U.S. Hyperinflation Will be Greatest Challenge of Our Lifetimes

added: 02-06-2009

Most Americans don't realize just how fragile life in the United States is. The chains of interdependency have expanded to such a great length, you probably have no idea where the food in your supermarket comes from. Most likely, it doesn't come from local farmers, but rather from hundreds or thousands of miles away.

The Conference Board Reports Online Job Demand Up 250,000 in May 2009

added: 02-06-2009

Online advertised vacancies rose 250,000 to 3,367,000 in May, according to The Conference Board Help-Wanted Online Data Series (HWOL)™.

Mortgage Loan Delinquency Rates Rise for Ninth Straight Quarter, but at a Slower Pace

added: 01-06-2009

Mortgage loan delinquency (the ratio of borrowers 60 or more days past due) increased for the ninth straight quarter, hitting a national average high of 5.22 percent for the first quarter of 2009.

Business Continuity Planning Evolves With Emerging Technologies

added: 01-06-2009

The dramatic rise in social networking and mobility trends is presenting new challenges and considerations to companies' network security, disaster planning and business continuity programs. The good news: businesses are stepping up their technology investment and efforts to meet these challenges despite the economy; and mobile devices are increasingly part of business continuity plans. These are some of the findings to emerge from AT&T's annual study on business continuity and disaster recovery preparedness for U.S. businesses in the private sector.

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